secwatch.observer — SEC 8-K summary
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Issuer:     Perfect Moment Ltd. (PMNT)
CIK:        0001849221
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001493152-24-049818
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849221/000149315224049818/0001493152-24-049818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849221/000149315224049818/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049818

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