DelistingJun 12, 2026, 05:31 PM
Perfect Moment Delisted from NYSE American, Moves to OTC Markets
AI Summary
Perfect Moment Ltd. announced its delisting from NYSE American due to non-compliance with the minimum stockholders' equity requirements. The company's board decided not to appeal the NYSE American's determination and will transition its common stock to the OTCQB market, effective the week of June 15, 2026. The move is intended to provide cost savings and operational flexibility, allowing the company to reinvest resources into its business strategy while remaining subject to SEC reporting requirements.
Key Highlights
- Perfect Moment Ltd. delisted from NYSE American due to non-compliance with minimum stockholders' equity requirements.
- The company did not regain compliance by the end of the 18-month compliance plan period.
- Board of directors decided not to appeal the delisting determination.
- Common stock expected to be suspended from trading on NYSE American during the week of June 15, 2026.
- Common stock will commence trading on the OTCQB of the OTC Markets immediately after NYSE American suspension.
- Company will continue to trade under the ticker symbol PMNT on OTC Markets.
- The company remains subject to periodic reporting requirements of the Securities Exchange Act of 1934.
- Transition to OTC Markets is expected to provide cost savings and operational flexibility.
Price Impact
More from PMNT