8-K - Perfect Moment Ltd. Common Stock | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Perfect Moment Ltd. secured a $12 million financing package on March 30, 2026, consisting of a $10 million secured revolving credit facility and a $2 million equity investment, to strengthen liquidity and support strategic growth initiatives.

Key Takeaways

1The Company entered a $10 million senior secured revolving loan with a 12.0% interest rate and a 24-month term, secured by substantially all assets.

2Loan proceeds will repay approximately $5.09 million in existing bridge notes and fund working capital expenditures.

3Krane Capital invested $2 million for 6,060,606 common shares at $0.33 per share and received warrants for 8,276,944 shares at $0.40 per share.

4X3 Higher Moment Fund received warrants to purchase 1,864,753 shares at $0.46822 per share in connection with the loan.

5The Company agreed to register the resale of the shares and warrant shares for the investors.

6The equity purchase price represented a premium to the recent market price, reflecting institutional conviction.

Current Report Details

Event Type

Material Agreement

Financing

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

above. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information disclosed under this Item 7.01, including E

Material Agreement

Source Document

2.03

. **Item 3.02. Unregistered Sales of Equity Securities.** The disclosure regarding the X3 Warrants to be issued to X3 pursuant to the Loan and the Shares and Kr

Financing

9.01

Financial Statements and Exhibits** Exhibits | Exhibit No. | | Description | |---|---|---| | 4.1 | | Form of X3 Warrant | | 4.2 | | Form of Krane Warrant | | 10

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: Loan Agreement
Parties: Perfect Moment Ltd., X3 Higher Moment Fund LLC, Krane Capital, LLC

•Aggregate principal amount of $10,000,000
•Maturity date is 24 months from the Closing Date
•Interest rate of 12.0% per annum
•Commitment fee of 1.50% per annum on unused portions
•Secured by first priority lien on all or substantially all assets

Debt / Financing

Instrument: Senior Secured Revolving Loan
Principal: 10000000
Rate: 12.0% per annum
Maturity: 2028-03-30
Use of Proceeds: Repay $3,389,960 and $1,700,000 promissory notes and fund working capital

Exhibits (11)

10.1

EX-10.1

10.2

EX-10.2

10.3

EX-10.3

10.4

EX-10.4

10.5

EX-10.5

10.6

EX-10.6

10.7

EX-10.7

4.1

EX-4.1

4.2

EX-4.2

8-K

99.1

EX-99.1