Perfect Moment issues $2M convertible secured note at 15% interest, convertible at $1.00/share

Perfect Moment Ltd.

Issued $2M convertible secured promissory note to accredited investor; interest 15% p.a. payable semi-annually.
Note matures Dec 6, 2025; convertible into common stock at $1.00 per share, subject to 4.99% ownership cap.
Note secured by security interest in all tangible and intangible personal property of the company.
Company plans Regulation A+ offering of up to $10M preferred stock/warrants; 33% of net proceeds after first $2M to prepay note.

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