secwatch.observer — SEC 8-K summary
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Issuer:     Perfect Moment Ltd. (PMNT)
CIK:        0001849221
Form:       8-K
Filed at:   2026-10-15T20:30:30+00:00
Accession:  0001493152-26-047258
Event type: debt
Sentiment:  neutral
Materiality: 0.62
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Perfect Moment lifts X3 loan commitments to $11.5M and wins 6-week waiver after key-person event
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- Perfect Moment and X3 Higher Moment Fund LLC signed a Second Amendment to Loan Agreement effective October 9, 2026, raising the aggregate revolving commitment to $11,500,000 from $10,000,000.
- X3's own revolving commitment rose from $8,000,000 to $9,500,000, while Krane Capital LLC retains a $2,000,000 commitment under the March 30, 2026 loan agreement.
- The waiver covers a Key Person Event triggered by the resignation of Chath Weerasinghe and the cessation of Max Gottschalk's usual role with the borrower.
- Lenders waived, for six weeks, the related advance restriction and any Section 7.01(p) default; if no approved successor is named, the waiver lapses and an Event of Default is deemed continuing.
- The amendment was signed by President Jane Gottschalk for Perfect Moment and Andrew J. Redleaf as X3 managing member, and is governed by New York law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226047258/0001493152-26-047258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226047258/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-047258

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