Perfect Moment Secures $12M Financing Package Including $10M Credit Facility And $2M Equity To Support Growth And Liquidity

Landmark financing from institutional investors, Krane Capital LLC and X3 Higher Moment Fund LLC, enhances financial flexibility and supports near-to medium-term strategic initiatives$10 million revolving credit facility, complemented by $2 million equity investment at a ~75% premium to market, reflecting strong institutional conviction in Perfect Moment's strategyCombined financing supports ongoing product innovation, category expansion, and long-term shareholder value creationPerfect Moment Ltd. (NYSE:PMNT), a high-performance, luxury lifestyle brand that fuses technical excellence with fashion-led designs, today announced it has secured $12 million in growth financing.The financing includes a $10 million revolving credit facility jointly provided by Krane Capital LLC ("Krane Capital") and X3 Higher Moment Fund LLC ("X Cubed"), as well as a separate $2 million equity investment from Krane Capital at a price of $0.33 per share—representing a 75% premium to Perfect Moment's closing share price of $0.19 on March 27, 2026.The parties entered into separate definitive agreements for the revolving credit facility and the equity investment on March 27, 2026. The revolving credit facility closed on March 30, 2026, 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.Revolving Credit FacilityThe $10 million revolving credit facility is jointly provided by Krane Capital ($4 million) and X Cubed ($6 million). The facility has a term of 24 months and will bear interest at a rate of 12.0% per annum, subject to customary covenants and conditions. The facility will be available for general corporate purposes, including working capital, product development, and the repayment of outstanding debt.Equity InvestmentConcurrently, Krane Capital has agreed to purchase 6,060,606 shares of Perfect Moment's common stock at a price of $0.33 per share, representing a 75% premium to its closing share price of $0.19 on March 27, 2026. The gross proceeds from the $2 million equity investment will be strategically deployed to strengthen Perfect Moment's balance sheet and liquidity position, supporting compliance with the continued listing requirements of the NYSE American exchange. The significant premium paid by Krane Capital reflects deep institutional conviction in Perfect Moment's brand, operational trajectory, and long-term value creation potential.