Perfect Moment Ltd. 8-K

What Happened

• Perfect Moment Ltd. reported on Form 8-K (filed June 12, 2026) that the NYSE American notified the company it was not in compliance with the minimum stockholders’ equity requirement (Section 1003(a)(ii)) in a notice dated December 17, 2024. On June 11, 2026 the NYSE American Regulatory Staff determined the company had not regained compliance within the maximum 18‑month compliance period and is therefore no longer suitable for continued listing under Section 1009(a).
• The board decided it is in the best interests of the company and its shareholders to transition trading to the OTCQB of the OTC Markets. The company expects NYSE American trading to be suspended the week of June 15, 2026, with OTCQB trading commencing immediately thereafter. The company retains its periodic reporting obligations under the Securities Exchange Act.

Key Details

• NYSE American noncompliance notice originally reported December 17, 2024 (minimum stockholders’ equity under Section 1003(a)(ii)).
• June 11, 2026: NYSE Regulatory Staff determined company did not regain compliance by end of the 18‑month plan and is unsuitable for continued listing.
• Expected timeline: suspension from NYSE American the week of June 15, 2026; commence trading on OTCQB immediately after suspension.
• The company has the right to appeal the NYSE decision but the board elected to transition; press release dated June 12, 2026 is furnished as Exhibit 99.1 to the 8-K.

Why It Matters

• Trading venue change can affect liquidity, visibility and investor access: OTCQB trading generally has different market dynamics and may result in lower trading volume and visibility compared with NYSE American.
• The change was prompted by failure to meet minimum stockholders’ equity requirements, a material compliance issue that led to the delisting determination.
• Perfect Moment will continue to file periodic reports, so investors will keep receiving regulatory disclosures even after the move to OTCQB.