Perfect Moment Shareholders Approve Major Capital Restructuring

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2026.01.21 22:30
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Perfect Moment Ltd. shareholders approved a major capital restructuring at the annual meeting on January 14, 2026. Key measures include a reverse stock split, increasing authorized shares from 100 million to 500 million, and converting Series AA Convertible Preferred Stock into common shares. The company aims to enhance its equity capital flexibility and address financing needs. Following the approval, the company filed necessary amendments and completed the conversion of preferred shares. Analysts rate PMNT stock as a Hold with a price target of $0.38, citing ongoing losses and cash burn despite improving revenue.