{"url_path":"/sec/pmnt/8-k/2026-05-12/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1849221/0001493152-26-022520-index.html","accession_number":"0001493152-26-022520","cik":"0001849221","ticker":"PMNT","issuer_name":"Perfect Moment Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1849221/0001493152-26-022520-index.html","primary_entity_key":"0001849221","primary_entity_name":"Perfect Moment Ltd."},"word_count":310,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n \n\nAs\npreviously disclosed, on March 30, 2026, Perfect Moment Ltd. (the “Company”) entered into a loan agreement (the “Loan”)\nwith X3 Higher Moment Fund LLC as agent for X3 Higher Moment Fund LLC (“X3”) and Krane Capital, LLC (“Krane Capital”)\nin an aggregate principal amount of $10,000,000. In connection with the Loan, the Company will issue to X3 warrants (the “X3 Warrants”)\nto purchase 1,864,753 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at an\nexercise price of $0.46822 per share.\n\n \n\nAdditionally,\nas previously disclosed, on March 30, 2026, the Company entered into a Securities Purchase Agreement (the “SPA”) with Krane\nCapital to issue and sell (i) 6,060,606 shares (the “Shares”) of Common Stock and (ii) warrants (the “Krane Warrants”)\nto purchase up to 8,276,944 shares of Common Stock, at an exercise price of $0.40 per share. The purchase price of the Shares is $0.33\nper share. The SPA contains customary representations, warranties and agreements of the Company, customary conditions to closing and\nobligations of the parties.\n\n \n\nThe\nX3 Warrants and Krane Warrants shall expire at 5:00 p.m., Eastern time, on August 27, 2028.\n\n \n\nOn\nMay 8, 2026, the Company issued X3 Warrants to X3 and the Shares and the Krane Warrants to Krane Capital.\n\n \n\nThe\nShares, the X3 Warrants and the Krane Warrants were issued pursuant to an exemption from the registration requirements of the Securities\nAct of 1933, as amended (the “Securities Act”) provided in Section 4(a)(2) of the Securities Act.\n\n \n\nThe\nforegoing descriptions of the X3 Warrants and Krane Warrants do not purport to be complete and are qualified in their entirety by reference\nto the full text of the form of X3 Warrants and form of the Krane Warrants filed as Exhibits 4.1 and 4.2 hereto, respectively, and incorporated\nby reference herein."}