Perfect Moment has completed two financing transactions totaling approximately $6.6 million, strengthening the company’s balance sheet and supporting near- and long-term operations.

Chairman loan facility

On Aug. 26, Board Chairman Max Gottschalk provided Perfect Moment with $5,089,960 in loans to support product purchasing and general operations. The loans are represented by two unsecured promissory notes: one for $3,389,960, due Nov. 8, 2025, and one for $1,700,000, due Aug. 18, 2030. Both notes bear interest at 12 percent per annum with monthly interest payments. In exchange, the company issued Gottschalk 652,253 shares of restricted common stock at $0.46822 per share, the average closing price over the five trading days preceding the loan agreements.

Strategic equity investment

On Aug. 27, the company entered into a Securities Purchase Agreement with X Cubed Capital Management to issue and sell 3,172,858 shares of common stock and a warrant to purchase up to 3,204,908 shares of common stock. The purchase price of the common stock and the warrant exercise price are each $0.46822, which is the average closing price of the company’s stock on the NYSE American for the five days preceding the agreement. The securities were sold for $1,485,595. The deal contains representations, warranties, conditions to closing and obligations of the parties. In connection with the agreement, the company and the investor entered into a Registration Rights Agreement, whereby the company agreed to register the shares and the shares of common stock underlying the warrant. 

X Cubed Capital Management, a Minneapolis-based alternative investment manager founded by Andrew Redleaf in 2021, invests across public and private markets and capital structures, focusing on opportunities between structural divisions in investment management. Head Portfolio Manager Toby Maitland Hudson led the transaction.

Strengthened balance sheet and positive growth outlook

Backed by fresh capital, Perfect Moment is set to deliver the upcoming seasons and advance growth after executing key initiatives earlier this year. “These financings demonstrate strong confidence in Perfect Moment’s strategy and brand potential,” said Gottschalk. “With enhanced financial flexibility, the company now has the resources to capitalize on upcoming opportunities, deliver on its growth plan and continue building momentum throughout fiscal 2026.”

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