Perfect Moment Ltd. (PMNT): Nasdaq/NYSE listing notice — NYSE American accepts Perfect Moment's compliance plan; equity stands at $907K

Perfect Moment Ltd.

Received second NYSE American deficiency notice on March 4, 2025 for equity below $2M threshold.
Plan accepted; company has until June 11, 2026 to regain compliance with stockholders' equity rules.
As of Dec 31, 2024, stockholders' equity was $907,000, down from $2.7M at Sept 30, 2024.
Strategic initiatives include expansion into luxury outerwear, key hires from Canada Goose, and opening first US distribution center.
Reported gross margin improvement of 273 basis points in fiscal Q3 from cost savings.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

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

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

Exact text from the filing

March 4, 2025, the Company received a notification (the “Notification”) from the NYSE American stating that the Company is not in compliance with the $2 million stockholders’ equity requirement of Section 1003(a)(i) of the Company Guide. In its Quarterly Report on Form 10-Q for the period ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 14, 2025, the Company reported stockholders’ equity of $907,000 and losses from continuing operations and/or net losses in three out of its four most recent fiscal years ended March 31, 2024. Pursuant to th

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Perfect Moment Ltd. filing history →

Source: SEC EDGAR

accession 0001493152-25-009719

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