{"id":795647,"date":"2024-12-17T21:03:01","date_gmt":"2024-12-18T02:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/perfect-moment-receives-notice-of-non-compliance\/"},"modified":"2024-12-17T21:03:01","modified_gmt":"2024-12-18T02:03:01","slug":"perfect-moment-receives-notice-of-non-compliance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/perfect-moment-receives-notice-of-non-compliance\/","title":{"rendered":"Perfect Moment Receives Notice of Non-Compliance"},"content":{"rendered":"

<\/p>\n

Perfect Moment Receives Notice of Non-Compliance<\/b><\/p>\n

LONDON–(BUSINESS WIRE<\/a>)–Perfect Moment Ltd.<\/a> (the \u201cCompany\u201d) (NYSE American: PMNT), a high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, received a notification (\u201cLetter\u201d) from the NYSE American LLC (the \u201cNYSE American\u201d) stating that the Company is not in compliance with the minimum stockholders\u2019 equity requirements of Sections 1003(a)(ii) of the NYSE American Company Guide (the \u201cCompany Guide\u201d) requiring stockholders\u2019 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\u2019 equity of $2.7 million and has had losses in its three most recent fiscal years ended March 31, 2024.<\/p>\n

\nThe Company is now subject to the procedures and requirements of Section 1009 of the Company Guide. The Company has until January 10, 2025, to submit a plan (the \u201cPlan\u201d) of actions it has taken or will take to regain compliance with the continued listing standards by June 11, 2026. The Company intends to submit a plan to regain compliance with NYSE American listing standards. If the NYSE American accepts the Plan, the Company will be able to continue its listing during the Plan period and will be subject to periodic reviews including quarterly monitoring for compliance with the Plan until it has regained compliance. If the Plan is not accepted by the NYSE American, the Letter stated that delisting proceedings will commence. The Company may appeal a staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide.<\/p>\n

\nThe Letter has no immediate effect on the listing or trading of the Company\u2019s common stock on the NYSE American. The Company\u2019s receipt of the Letter from the NYSE American does not affect the Company\u2019s business, operations or reporting requirements with the U.S. Securities and Exchange Commission.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241217113452\/en\/<\/a><\/span><\/p>\n

Company Contact
\n<\/b>
Jeff Clayborne, CFO
\n
Perfect Moment
\n
Tel +44 (0)204 558 8849
\n
Email contact<\/a><\/p>\n

Investor Contact
\n<\/b>
Ronald Both or Grant Stude
\n
CMA Investor Relations
\n
Tel (949) 432-7566
\n
Email contact<\/a><\/p>\n

KEYWORDS:<\/b> Europe United States United Kingdom North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Sports Fashion Luxury Retail Skiing\/Snowboarding<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Perfect Moment Receives Notice of Non-Compliance LONDON–(BUSINESS WIRE)–Perfect Moment Ltd. (the \u201cCompany\u201d) (NYSE American: PMNT), a high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, received a notification (\u201cLetter\u201d) from the NYSE American LLC (the \u201cNYSE American\u201d) stating that the Company is not in compliance with the minimum stockholders\u2019 equity requirements of Sections 1003(a)(ii) of the NYSE American Company Guide (the \u201cCompany Guide\u201d) requiring stockholders\u2019 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\u2019 equity of $2.7 million and has had losses in its three most recent fiscal years … <\/p>\n

Continue reading “Perfect Moment Receives Notice of Non-Compliance”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795647","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPerfect Moment Receives Notice of Non-Compliance - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/perfect-moment-receives-notice-of-non-compliance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Perfect Moment Receives Notice of Non-Compliance - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Perfect Moment Receives Notice of Non-Compliance LONDON–(BUSINESS WIRE)–Perfect Moment Ltd. (the \u201cCompany\u201d) (NYSE American: PMNT), a high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, received a notification (\u201cLetter\u201d) from the NYSE American LLC (the \u201cNYSE American\u201d) stating that the Company is not in compliance with the minimum stockholders\u2019 equity requirements of Sections 1003(a)(ii) of the NYSE American Company Guide (the \u201cCompany Guide\u201d) requiring stockholders\u2019 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. 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