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Perfect Moment Secures $10 Million, 24-Month Secured Loan at 12% From X3 and Krane
Perfect Moment (PMNT) has secured a $10 million senior secured loan at 12% interest from X3 Higher Moment Fund and Krane Capital, structured for 24 months. This financing package aims to repay $5.1 million in insider notes and provide working capital. The deal also includes issuing warrants and selling shares to the lenders, enhancing liquidity and strengthening the company’s balance sheet.