Perfect Moment Ltd. has secured $12 million in growth financing. According to a Media release from the UK-based luxury snow sports and lifestyle brand, the financing includes a $10 million revolving credit facility jointly provided by Krane Capital LLC and X3 Higher Moment Fund LLC, (X Cubed) as well as a separate $2 million equity investment from Krane Capital at a price of 33 cents per share – representing a 75 percent premium to Perfect Moment’s closing share price of 19 cents on March 27, 2026.
“The objective of this financing is to secure the capital necessary to support our long-term strategic plan and continued operational execution,” said Max Gottschalk, executive chairman, Perfect Moment Ltd.
Perfect Moment Ltd. reports and trades on the NYSE American exchange in the U.S. dollar ($) currency.
The parties reportedly entered into separate definitive agreements for the revolving credit facility and the equity investment on March 27, 2026. The revolving credit facility closed on March 30, 2026, and the equity investment is expected to close within the next month.
“The $12 million combined financing represents one of the most significant capital raises in Perfect Moment’s history and is expected to strengthen its liquidity position, support continued operational execution and provide additional financial flexibility as it advances its strategic plan,” the company said in a statement. “Building on Perfect Moment’s recently reported first profitable quarter, the financing strengthens the balance sheet and supports its path toward sustainable profitability, while enabling continued investment across key growth initiatives.”
Third quarter 2025 total net revenue was flattish with the prior-year third quarter despite e-commerce net revenue decreasing 21 percent for the period. Third quarter net income was $93,000, compared to a net loss of $2.5 million in the prior-year period (Read more at bottom).
“With the leadership team now in place and improving revenue trends and margins, we believe Perfect Moment is building positive momentum toward sustainable profitability,” added Max Gottschalk. “The participation of institutional investors such as Krane Capital and X Cubed reflects confidence in our strategy and operating progress. This financing enhances our financial flexibility in the near- to medium-term and supports continued expansion across our key initiatives. We remain focused on disciplined execution and positioning Perfect Moment to capitalize on attractive growth opportunities.”
The capital structure—anchored by a $10 million revolving credit facility from two institutional lenders and an equity investment from Krane Capital at a premium to the recent market price—is designed to support Perfect Moment’s near-to-medium term priorities and accelerate progress toward sustainable growth and profitability.
Perfect Moment described the structure of the deals as follows:
Revolving Credit Facility
The $10 million revolving credit facility is jointly provided by Krane Capital ($4 million) and X Cubed ($6 million). The facility has a term of 24 months and will bear interest at a rate of 12.0 percent per annum, subject to customary covenants and conditions. The facility will be available for general corporate purposes, including working capital, product development, and the repayment of outstanding debt.
Equity Investment
Concurrently, Krane Capital has agreed to purchase 6,060,606 shares of Perfect Moment’s common stock at a price of 33 cents per share, representing a 75 percent premium to its closing share price of 19 cents on March 27, 2026. The gross proceeds from the $2 million equity investment will be strategically deployed to strengthen Perfect Moment’s balance sheet and liquidity position, supporting compliance with the continued listing requirements of the NYSE American exchange. The company said the “significant premium” paid by Krane Capital reflects deep institutional conviction in Perfect Moment’s brand, operational trajectory, and long-term value creation potential.
Gottschalk continued, “We also believe that Krane Capital’s leadership and deep experience building investment and operating platforms in China will be instrumental in supporting Perfect Moment’s strategic expansion into this high-growth market. Leveraging Krane Capital’s local market insight, relationships, and operational expertise will help us identify and partner with best-in-class local operators to build a strong, scalable presence. This collaboration is expected to accelerate the development of a carefully curated distribution strategy, ensuring the brand is positioned appropriately within the premium segment and reaches its target consumer base with authenticity and impact.”
Strategic Rationale
The combined $12 million financing is expected to:
- Enhance near- to medium-term financial flexibility, supporting continued operational execution and reducing short-term funding uncertainty.
- Support Perfect Moment’s path to profitability, building on the momentum of its first profitable quarter while accelerating revenue growth and go-to-market execution.
- Strengthen the balance sheet and enhance financial flexibility to pursue product innovation and category expansion.
- Align the interests of established institutional capital partners—Krane Capital and X Cubed—with those of existing shareholders through a premium equity investment and a structured credit facility.
- Enable Perfect Moment to accelerate development across key product lines, scale go-to-market capabilities, and pursue strategic opportunities aligned with its long-term vision.
Image courtesy Perfect Moment, Ltd.
EXEC: Perfect Moment’s Fiscal Q3 Sales Come in Flat; Profitability Improves
