other material
confidence high
sentiment neutral
materiality 0.55
Perfect Moment enters $25M equity purchase agreement with Mast Hill Fund
Perfect Moment Ltd.
- Up to $25M of common stock may be sold to Mast Hill Fund under a put facility; minimum $5,000 per put, maximum $500,000 or 20% of average daily trading value.
- Purchase price is 97% of the lower of VWAP or market price during valuation period; drops to 85% if common stock trades on OTC Markets.
- Company will issue commitment shares valued at 187,000 divided by a formula based on closing price after shareholder and board approvals.
- Stockholder approval and second board approval required before any puts; closing expected within 24 months of October 7, 2025.
- Registration rights agreement requires filing a registration statement within 45 days of second board approval.