Perfect Moment Ltd. Files Amendment 3 to S-1 Registration Statement

TL;DR

<b>Perfect Moment Ltd. has submitted Amendment No. 3 to its S-1 Registration Statement, indicating its status as an emerging growth company.</b>

AI Summary

Perfect Moment Ltd. (PMNT) filed a Amended IPO Registration (S-1/A) with the SEC on January 18, 2024. Perfect Moment Ltd. filed Amendment No. 3 to its Form S-1 Registration Statement. The filing was made with the SEC on January 18, 2024. The company is incorporated in Delaware and has its principal executive offices in London, United Kingdom. The Standard Industrial Classification code is 2300 (Apparel & Other Finished Products of Fabrics & Similar Material). The filing indicates the company is a non-accelerated filer, smaller reporting company, and emerging growth company.

Why It Matters

For investors and stakeholders tracking Perfect Moment Ltd., this filing contains several important signals. This amendment updates the company's registration statement, which is a prerequisite for its initial public offering (IPO). The classification as an emerging growth company suggests potential for regulatory flexibility and reduced disclosure requirements compared to larger, established companies.

Risk Assessment

Risk Level: low — Perfect Moment Ltd. shows low risk based on this filing. The filing is an amendment to an S-1 registration statement, which is a standard procedural step for an IPO and does not contain new financial performance data or significant business updates that would alter the risk profile.

Analyst Insight

Monitor future filings for updated financial information and details regarding the IPO timeline and offering terms.

Key Numbers

• 333-274913 — SEC File Number (Registration Number)
• 2300 — SIC Code (Apparel & Other Finished Products of Fabrics & Similar Material)
• 86-1437114 — IRS Employer Identification Number

Key Players & Entities

• Perfect Moment Ltd. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• London (location) — Principal executive offices
• Vcorp Agent Services, Inc. (company) — Agent for service
• Nimish Patel (person) — Copies to
• Barrett S. DiPaolo (person) — Copies to
• Blake Baron (person) — Copies to
• Sichenzia Ross Ference Carmel LLP (company) — Legal counsel

Forward-Looking Statements

• Perfect Moment Ltd. will complete its initial public offering within the next 6-12 months. (Perfect Moment Ltd.) — medium confidence, target: 2025-01-18

FAQ

Industry Context

The company operates in the apparel industry, specifically within the 'Apparel & Other Finished Products of Fabrics & Similar Material' SIC code.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.

What Investors Should Do

1. Review the full S-1/A filing for any substantive changes or updates from previous amendments.
2. Track the progress of the registration statement towards effectiveness for potential IPO news.
3. Research Perfect Moment Ltd.'s business model and market position within the apparel sector.

Key Dates

• 2024-01-18T00:00:00.000Z: Filing Date — Amendment No. 3 to Form S-1

Year-Over-Year Comparison

This is Amendment No. 3 to the S-1 filing, indicating ongoing updates to the registration statement.

Key Financial Figures

• $6.00 — are of our common stock will be between $6.00 and $7.00. We have applied to list ou
• $7.00 — common stock will be between $6.00 and $7.00. We have applied to list our common s
• $6.50 — c offering price of our common stock of $6.50 per share, the midpoint of the estimate
• $9.74 million — years with an increase in revenue from $9.74 million in the fiscal year ended March 31, 2021
• $16.45 million — the fiscal year ended March 31, 2021 to $16.45 million in the fiscal year ended March 31, 2022
• $23.44 m — h 31, 2023, the Company had revenues of $23.44 million, representing a year-on-year incr
• $6.88 million — r 30, 2023, the Company had revenues of $6.88 million compared to revenues of $3.28 million f
• $3.28 million — f $6.88 million compared to revenues of $3.28 million for the six months ended September 30,
• $4.18 million — curring losses, including a net loss of $4.18 million and $11.11 million for the six months e
• $11.11 million — cluding a net loss of $4.18 million and $11.11 million for the six months ended September 30,
• $10.31 million — d September 30, 2022, respectively, and $10.31 million and $12.17 million for the fiscal years
• $12.17 million — 2, respectively, and $10.31 million and $12.17 million for the fiscal years ended March 31, 20
• $3.01 million — ompany has incurred operating losses of $3.01 million and $8.29 million for the six months en
• $8.29 million — d operating losses of $3.01 million and $8.29 million for the six months ended September 30,
• $8.63 million — d September 30, 2022, respectively, and $8.63 million and $10.18 million in the fiscal years

Filing Documents

• ea191661-s1a3_perfect.htm (S-1/A) — 2020KB
• ea191661ex4-6_perfect.htm (EX-4.6) — 13KB
• ea191661ex4-9_perfect.htm (EX-4.9) — 13KB
• ea191661ex10-3_perfect.htm (EX-10.3) — 14KB
• ea191661ex10-10_perfect.htm (EX-10.10) — 9KB
• ea191661ex10-11_perfect.htm (EX-10.11) — 263KB
• ea191661ex10-12_perfect.htm (EX-10.12) — 168KB
• ea191661ex10-17_perfect.htm (EX-10.17) — 239KB
• ea191661ex10-20_perfect.htm (EX-10.20) — 32KB
• ea191661ex10-21_perfect.htm (EX-10.21) — 32KB
• ea191661ex10-22_perfect.htm (EX-10.22) — 32KB
• ea191661ex10-23_perfect.htm (EX-10.23) — 32KB
• ea191661ex21-1_perfect.htm (EX-21.1) — 2KB
• ea191661ex23-1_perfect.htm (EX-23.1) — 3KB
• image_001.jpg (GRAPHIC) — 5KB
• image_002.jpg (GRAPHIC) — 51KB
• image_003.jpg (GRAPHIC) — 36KB
• image_004.jpg (GRAPHIC) — 524KB
• image_005.jpg (GRAPHIC) — 54KB
• image_006.jpg (GRAPHIC) — 18KB
• image_007.jpg (GRAPHIC) — 17KB
• image_008.jpg (GRAPHIC) — 45KB
• image_009.jpg (GRAPHIC) — 60KB
• image_010.jpg (GRAPHIC) — 61KB
• image_011.jpg (GRAPHIC) — 78KB
• image_012.jpg (GRAPHIC) — 61KB
• ex23-1_001.jpg (GRAPHIC) — 12KB
• 0001213900-24-004597.txt (&nbsp;) — 4282KB

DILUTION

DILUTION 41 Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations 43 OUR

BUSINESS

BUSINESS 59 MANAGEMENT 76 Executive Compensation 83 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 90 PRINCIPAL STOCKHOLDERS 94 Description of Securities 96 Shares Eligible for Future Sale 101 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK 102

UNDERWRITING

UNDERWRITING 105 Legal Matters 113 Experts 113 CHANGE IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 113 Where You Can Find More Information 114 INDEX TO FINANCIAL STATEMENTS F-1 Through and including , 2024 (the 25th day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to a dealer&rsquo;s obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription. You should rely only on the information contained in this prospectus or any prospectus supplement or amendment. Neither we, nor the underwriters, have authorized any other person to provide you with information that is different from, or adds to, that contained in this prospectus. If anyone provides you with different or inconsistent information, you should not rely on it. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We are offering to sell and seeking offers to buy our common stock only in jurisdictions where offers and sales are permitted. You should assume that the information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date. We are not making an offer of any securities in any jurisdiction in which such offer is unlawful. For investors outside the United States: Neither we nor any of the underwriters have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus mus

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This prospectus contains &ldquo;forward-looking statements.&rdquo; Forward-looking statements reflect the current view about future events. When used in this prospectus, the words &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;future,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements contained in this prospectus relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking without limitation: our expectations regarding our revenue, expenses, profitability and other operating results; the growth rates of the markets in which we compete; the costs and effectiveness of our marketing efforts, as well as our ability to promote our brand; our ability to provide quality products that are acceptable to our customers; our reliance on key personnel and our ability to identify, recruit, and retain skilled personnel; our ability to effectively manage our growth, including offering new product categories and any international expansion; our

View Full Filing

View this S-1/A filing on SEC EDGAR