Perfect Moment Ltd. 8-K

What Happened Perfect Moment Ltd. filed an 8-K on March 6, 2026 disclosing a further amendment to a related‑party promissory note. Chairman Max Gottschalk originally loaned the company $5,089,960 on August 26, 2025 via two unsecured notes; the company and Gottschalk amended the shorter‑term note several times and on March 6, 2026 extended its maturity to March 23, 2026.

Key Details

• Total loans from Chairman Max Gottschalk: $5,089,960 (two unsecured promissory notes).
• Note #1 (original principal $3,389,960) bears interest at 12% per annum, interest payable monthly; maturity was amended from Nov 8, 2025 → Mar 9, 2026 → Mar 23, 2026.
• Note #2: $1,700,000, 12% interest per annum, interest payable monthly, maturity Aug 18, 2030.
• The Further Amended and Restated Promissory Note is filed as Exhibit 4.1 to the 8-K.

Why It Matters This filing documents a related‑party debt amendment that affects the company’s near‑term obligations and liquidity: the amendment pushes the due date on the larger short‑term loan by two weeks, giving the company a small short-term breathing room while keeping the obligation unsecured and subject to a 12% interest rate. Investors should note the reliance on a chairman-provided loan rather than third‑party financing and the continued presence of significant related‑party indebtedness on the balance sheet.