secwatch.observer — SEC 8-K summary
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Issuer:     Perfect Moment Ltd. (PMNT)
CIK:        0001849221
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001493152-26-013556
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perfect Moment secures $12M financing: $10M revolver at 12% and $2M equity at $0.33/share
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226013556/0001493152-26-013556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226013556/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-013556

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