Perfect Moment Ltd. Announces Private Placement of Shares and Warrants
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Perfect Moment Ltd. has announced a private placement of 3,172,858 shares of common stock and warrants for 3,204,908 additional shares to X3 Higher Moment Fund LLC. The sale is unregistered under Section 4(a)(2) of the Securities Act of 1933. The terms of the warrants were amended to provide X3 with preemptive rights, matching rights, and anti-dilution protection. An additional warrant allows X3 to purchase up to 19.99% of the company's outstanding common stock, pending shareholder approval.
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