Perfect Moment Secures $12M in Growth Financing
Perfect Moment announced it has secured $12M in growth financing. The financing includes a $10M revolving credit facility jointly provided by Krane Capital and X3 Higher Moment Fund, as well as a separate $2M equity investment from Krane Capital at a price of 33c per share - representing a 75% premium to Perfect Moment's closing share price of 19c on March 27. The parties entered into separate definitive agreements for the revolving credit facility and the equity investment on March 27. The revolving credit facility closed on March 30, and the equity investment is expected to close within the next month. "The $12 million combined financing represents one of the most significant capital raises in Perfect Moment's history and is expected to strengthen its liquidity position, support continued operational execution and provide additional financial flexibility as it advances its strategic plan. Building on Perfect Moment's recently reported first profitable quarter, the financing strengthens the balance sheet and supports its path toward sustainable profitability, while enabling continued investment across key growth initiatives. The capital structure-anchored by a $10 million revolving credit facility from two institutional lenders and an equity investment from Krane Capital at a premium to the recent market price-is designed to support Perfect Moment's near-to-medium term priorities and accelerate progress toward sustainable growth and profitability," the company stated.
