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NEW YORK—Max Gottschalk, a director and significant shareholder of Perfect Moment Ltd. (NASDAQ:PMNT), recently acquired additional shares in the company. According to a recent SEC filing, Gottschalk purchased a total of 14,420 shares of Perfect Moment common stock over two days in early March. The transactions, which took place on March 6 and March 7, resulted in a total investment of $14,850. The purchase comes as the stock trades near $0.99, down roughly 77% over the past year, though InvestingPro analysis suggests the shares are currently undervalued.
The shares were acquired at prices ranging from $1.0026 to $1.0957 per share. Following these transactions, Gottschalk’s direct and indirect holdings in the company increased significantly. Specifically, he now directly owns 47,020 shares, while indirect holdings through entities such as Joachim Gottschalk & Associates Ltd. and Fermain Limited account for a substantial number of additional shares.
These purchases reflect Gottschalk’s continued confidence in Perfect Moment Ltd., a company specializing in apparel and other finished products. The company currently operates with a moderate debt level and maintains a gross profit margin of 36%, though it faces challenges with cash burn and profitability.
In other recent news, Perfect Moment Ltd. announced that the NYSE American has accepted its compliance plan, giving the company until June 11, 2026, to meet the exchange’s listing standards. This development follows previous notifications regarding the company’s stockholders’ equity shortfall. Perfect Moment also secured a $2 million investment through a Convertible Secured Note Purchase Agreement, which carries an annual interest rate of 15% and matures on December 6, 2025. Additionally, the company launched a new collection of puffer tote bags and sunglasses, expanding its offerings in the luxury outerwear market.
The eyewear collection features sustainable materials and is designed for both style and performance. Perfect Moment has also strengthened its management team with key hires from Canada Goose, aiming to improve operating efficiency and customer experience. Despite the compliance challenges, trading and operations remain unaffected, and the company continues to fulfill SEC reporting obligations. These developments reflect Perfect Moment’s strategic efforts to enhance its financial position and expand its market presence.
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