debt
confidence high
sentiment neutral
materiality 0.60
Chairman lends Perfect Moment $5.09M via two notes at 12%; shares issued as compensation
Perfect Moment Ltd.
- Chairman Max Gottschalk extended total loans of $5,089,960 to the Company on August 26, 2025.
- Note A: $3,389,960 at 12% interest, due November 8, 2025. Note B: $1,700,000 at 12% interest, due August 18, 2030.
- Company issued 652,253 restricted shares at $0.46822/share ($305,398 total) as consideration for the loans.
- Proceeds will be used for working capital to support product purchases and operations.
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