Business
Perfect Moment Ltd. Announces Pricing of Public Offering
LONDON, June 27, 2025--Perfect Moment Ltd. (NYSE American: PMNT) ("Perfect Moment" or the "Company"), the high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, today announced the pricing of its underwritten public offering of 10,000,000 shares of its common stock. Each share of common stock is being sold at a public offering price of $0.30 per share for gross proceeds of $3,000,000, before deducting underwriting discounts and offering exp
About this update from Perfect Moment Ltd.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/fe0fa2a744f61b5b814c5ceea4b7d748"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ec6T1zqzWEyr.DTSuYTntg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/fe0fa2a744f61b5b814c5ceea4b7d748","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/sGwArruVFxGhLeh7TrHbZQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/fe0fa2a744f61b5b814c5ceea4b7d748","width":1024,"height":512}},"lazy":false},{"type":"text","content":"LONDON, June 27, 2025--(BUSINESS WIRE)--Perfect Moment Ltd. (NYSE American: PMNT) ("Perfect Moment" or the "Company"), the high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, today announced the pricing of its underwritten public offering of 10,000,000 shares of its common stock. Each share of common stock is being sold at a public offering price of $0.30 per share for gross proceeds of $3,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 shares of common stock at the public offering price less discounts and commissions, to cover over-allotments. The offering is expected to close on June 30, 2025, subject to satisfaction of customary closing conditions.","length":874,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the offering primarily for repayment of debt, working capital and general corporate purposes.","length":142,"tagName":"p"},{"type":"text","content":"ThinkEquity is acting as sole book-running manager for the offering.","length":68,"tagName":"p"},{"type":"text","content":"The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-285612), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on March 6, 2025 and declared effective on March 12, 2025. The offering will be made only by means of a written prospectus. A prospectus supplement and...