Perfect Moment (PMNT) said Thursday it plans to sell shares in an underwritten public offering.
The size and timing of the offering were not disclosed.
Proceeds will be used for debt repayment, working capital, and general corporate purposes, the company said.
Shares of Perfect Moment were down more than 18% in after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.