Perfect Moment Prices Initial Public Offering Of 1,334,000 Common Shares At $6/Share For $8M In Gross Proceeds

Author: Benzinga Newsdesk | February 08, 2024 03:33am

Perfect Moment Ltd. ("Perfect Moment") (NYSE:PMNT), a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear and activewear, today announced the pricing of its initial public offering of 1,334,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of approximately $8 million, before deducting underwriting discounts and offering expenses. In addition, Perfect Moment has granted the underwriters a 45-day option to purchase up to an additional 200,100 shares of common stock to cover over-allotments, if any, at the public offering price, less the underwriting discount.

Posted In: PMNT