secwatch.observer — SEC 8-K summary
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Issuer:     Perfect Moment Ltd. (PMNT)
CIK:        0001849221
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001493152-26-003111
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.07, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perfect Moment stockholders approve reverse split, share increase, and Series AA conversion
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- All 924,921 Series AA Preferred shares automatically converted into 11,458,306 common shares effective Jan 14, 2026.
- Stockholders approved reverse stock split of 1:5 to 1:20 and increase in authorized common shares from 100M to 500M.
- Amended warrant for X3 Higher Moment Fund includes preemptive rights, matching rights, and weighted average anti-dilution; new warrant issued for up to 19.99% of outstanding common.
- Approved potential issuance of over 20% of outstanding shares under an equity line of credit and securities purchase agreement with X3 Higher Moment Fund.
- All six director nominees elected: Max Gottschalk, Jane Gottschalk, Andre Keijsers, Berndt Hauptkorn, Tim Nixdorff, Adam Z. Epstein.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226003111/0001493152-26-003111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226003111/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer