other_material
confidence high
sentiment positive
materiality 0.75
Perfect Moment secures $6.6M financing via Chairman loans and equity sale to X3 Higher Moment Fund
Perfect Moment Ltd.
- Chairman Max Gottschalk lent Perfect Moment $5.09M via two promissory notes at 12% interest, due Nov 2025 and Aug 2030; received 652,253 restricted shares.
- X3 Higher Moment Fund LLC invested $1.485M for 3,172,858 shares and a warrant for 3,204,908 shares at $0.46822/share.
- Total proceeds of ~$6.6M intended to fund working capital, product purchases, and accelerate growth for FY26 and beyond.
- Securities issued under Section 4(a)(2) exemption; registration rights agreement filed.
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