Perfect Moment shares drop 74.73% intraday as new debt and equity dilution trigger selling pressure.

Perfect Moment fell 74.73% intraday, as the company announced on March 30 that it secured $12 million in financing, including a $10 million loan due in 24 months and $2 million in equity financing priced at a 75% premium to market price. The added debt and potential dilution triggered selling pressure. Additionally, on March 6, the company disclosed that the maturity of a $5 million note held by Max Gottschalk had been extended to September 2026, and with the new $10 million loan, short-term debt concentration and near-term maturity pressures have increased.