Perfect Moment discloses NYSE notice of listing non-compliance

Perfect Moment (PMNT) received a notification from the NYSE American LLC stating that the Company is not in compliance with the minimum stockholders’ equity requirements of Sections 1003(a)(ii) of the NYSE American Company Guide requiring stockholders’ equity of $4.0 million or more if the Company has reported losses from continuing operations and/or net losses in three of the four most recent fiscal years. As of September 30, 2024, the company had stockholders’ equity of $2.7 million and has had losses in its three most recent fiscal years ended March 31, 2024. The Company intends to submit a plan to regain compliance with NYSE American listing standards.