Loan & DebtMay 12, 2026, 05:06 PM
Perfect Moment Issues Warrants & Shares for $10M Loan
AI Summary
Perfect Moment Ltd. issued warrants to X3 Higher Moment Fund LLC and shares and warrants to Krane Capital, LLC on May 8, 2026. These issuances are connected to a previously disclosed $10 million loan agreement with X3 and Krane Capital, and a Securities Purchase Agreement with Krane Capital. The securities were issued under a Section 4(a)(2) exemption from registration.
Key Highlights
- Secured a $10,000,000 loan from X3 Higher Moment Fund LLC and Krane Capital, LLC.
- Issued X3 Warrants to purchase 1,864,753 shares at an exercise price of $0.46822 per share.
- Issued Krane Warrants to purchase up to 8,276,944 shares at an exercise price of $0.40 per share.
- Issued 6,060,606 shares of Common Stock to Krane Capital at $0.33 per share.
- All warrants (X3 and Krane) expire on August 27, 2028.
- The shares and warrants were issued on May 8, 2026.
Price Impact
More from PMNT