Perfect Moment Ltd. (PMNT): Nasdaq/NYSE listing notice — Perfect Moment receives NYSE American delisting notice for equity deficiency

Perfect Moment Ltd.

Stockholders' equity of $2.7M as of Sep 30, 2024, below the $4.0M minimum required.
Company has reported losses in three most recent fiscal years ended March 31, 2024.
Must submit a compliance plan by January 10, 2025; cure deadline is June 11, 2026.
NYSE American will review plan; if rejected, delisting proceedings will commence.
No immediate impact on listing or trading of PMNT common stock.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Perfect Moment Ltd. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(ii)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 1003(a)(ii)

Exact text from the filing

December 11, 2024, Perfect Moment Ltd. (the “Company”) received a notification (“Letter”) from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the minimum stockholders’ equity requirements of Sections 1003(a)(ii) of the NYSE American Company Guide (the “Company Guide”) requiring stockholders’ equity of $4.0 million or more if the Company has reported losses from continuing operations and/or net losses in three of the four most recent fiscal years. As of September 30, 2024, the Company had stockholders’ equity of $2.7 million and has had losses in

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Perfect Moment Ltd. filing history →

Source: SEC EDGAR

accession 0001493152-24-050434

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