8-K
filed March 30, 2026, 7:59 PM ET
ticker PMNT
CIK 0001849221
debt
confidence high
sentiment positive
materiality 0.80
Perfect Moment Ltd. (PMNT): debt financing — Perfect Moment secures $12M financing: $10M revolver at 12% and $2M equity at $0.33/share
Perfect Moment Ltd.
- $10M revolving credit facility from Krane Capital ($4M) and X3 Higher Moment Fund ($6M), 24-month term, 12% interest.
- $2M equity investment from Krane Capital at $0.33/share (75% premium to $0.19 close on March 27).
- Proceeds used to repay $3.39M and $1.7M promissory notes to Max Gottschalk and fund working capital.
- Lenders receive warrants: X3 gets 1,864,753 shares at $0.46822; Krane gets 8,276,944 shares at $0.40.
- Equity investment expected to close within a month; loan closed on March 30, 2026.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Perfect Moment Ltd. incurred credit facility of $10,000,000 with X3 Higher Moment Fund LLC and Krane Capital, LLC at 12.0% per annum maturing twenty-four (24) months from the Closing Date.
- Instrument
- credit facility
- Principal
- $10,000,000
- Counterparty
- X3 Higher Moment Fund LLC and Krane Capital, LLC
- Rate
- 12.0% per annum
- Maturity
- twenty-four (24) months from the Closing Date
- Event
- incurrence
Exact text from the filing
On March 30, 2026, Perfect Moment Ltd. (the “Company” or the “Borrower”) entered into a loan agreement (the “Loan”) with X3 Higher Moment Fund LLC as agent for X3 Higher Moment Fund LLC (“X3”) and Krane Capital, LLC (“Krane Capital” and together with X3 the “Lenders”) from time to time party thereto (in such capacity, the “Agent”) in an aggregate principal amount of $10,000,000.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.85
Perfect Moment Ltd. issued not specified of warrant to Krane Capital, LLC for pursuant to the SPA.
- Security
- warrant
- Shares
- not specified
- Purchaser
- Krane Capital, LLC
- Consideration
- pursuant to the SPA
Exact text from the filing
the Shares and Krane Warrants to be issued to Krane Capital pursuant to the SPA as set forth under Item 1.01 of this report is incorporated herein by reference under this Item 3.02.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.85
Perfect Moment Ltd. issued not specified of common stock to Krane Capital, LLC for pursuant to the SPA.
- Security
- common stock
- Shares
- not specified
- Purchaser
- Krane Capital, LLC
- Consideration
- pursuant to the SPA
Exact text from the filing
the Shares and Krane Warrants to be issued to Krane Capital pursuant to the SPA as set forth under Item 1.01 of this report is incorporated herein by reference under this Item 3.02.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
Perfect Moment Ltd. issued 1,864,753 shares of Common Stock of warrant to X3 Higher Moment Fund LLC for pursuant to the Loan Agreement.
- Security
- warrant
- Shares
- 1,864,753 shares of Common Stock
- Purchaser
- X3 Higher Moment Fund LLC
- Consideration
- pursuant to the Loan Agreement
Exact text from the filing
In connection with the Loan, the Company will issue to X3 warrants (the "X3 Warrants") to purchase 1,864,753 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), at an exercise price of $0.46822 per share.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Perfect Moment Ltd. entered into Loan Agreement with X3 Higher Moment Fund LLC and Krane Capital, LLC valued at $10,000,000 (effective 2026-03-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- X3 Higher Moment Fund LLC and Krane Capital, LLC
- Value
- $10,000,000
- Effective
- 2026-03-30
Exact text from the filing
On March 30, 2026, Perfect Moment Ltd. (the “Company” or the “Borrower”) entered into a loan agreement (the “Loan”) with X3 Higher Moment Fund LLC as agent for X3 Higher Moment Fund LLC (“X3”) and Krane Capital, LLC (“Krane Capital” and together with X3 the “Lenders”) from time to time party thereto (in such capacity, the “Agent”) in an aggregate principal amount of $10,000,000.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.