Perfect Moment Announces Move to OTC Markets

Perfect Moment Ltd. (NYSE American: PMNT) (“Perfect Moment” or the “Company”), the high-performance, luxury lifestyle brand that fuses technical excellence with fashion-led designs, today announced that its common stock will commence trading on the OTCQB market, which is part of the broader OTC Markets (the “OTC Markets”), effective the week of June 15, 2026. The Company will continue to trade under the ticker symbol PMNT.

The OTC Markets provide a flexible and cost-effective platform for public companies. The Company believes it will be able to better allocate financial resources that would otherwise be spent on higher exchange fees. This will allow Perfect Moment the operational flexibility necessary to execute its overall business strategy, expanding its global footprint. The Company believes that the transition to the OTC Markets will save expenses and should allow for a continued orderly trading market for its common stock.

The Company will continue to evaluate the various market tiers available within OTC Markets, including the OTCQX, as well as a possible return to a national exchange in the future.

The Company reported on a Current Report on Form 8-K filed with the SEC on December 17, 2024, that the NYSE American notified the Company that it was not in compliance with the minimum stockholders’ equity requirements of Section 1003(a)(ii) of the NYSE American Company Guide (the “Company Guide”). On June 11, 2026, the Regulatory Staff of NYSE American determined that the Company had not regained compliance with the requirements of the Company Guide by the end of the maximum 18-month compliance plan period and that the Company is therefore no longer suitable for continued listing pursuant to Section 1009(a) of the Company Guide. Although the Company has the right to appeal the Staff’s determination, the Company’s Board of Directors has decided that it is in the best interests of the Company and its stockholders to transition to the OTC Markets.

The Company expects that its common stock will be suspended from trading on NYSE American during the week commencing June 15, 2026, and will have its common stock commence trading on the OTCQB of the OTC Markets immediately thereafter. The Company will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.

“Moving to the OTC Markets is a logical and financially prudent step for Perfect Moment,” said Max Gottschalk, Executive Chairman of Perfect Moment. “It allows us to significantly reduce our administrative burden, directly reinvesting those savings into accelerating our business strategy. We remain fully committed to our investors as we execute on our growth initiatives.”

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