Perfect Moment Ltd. will commence trading its common stock on the OTCQB market during the week of June 15, 2026, under the ticker symbol PMNT. This transition follows the company's decision not to appeal the NYSE American's determination to delist its stock due to non-compliance with continued listing standards. The move aims to reduce administrative costs and reallocate financial resources toward business strategy and global expansion.

NYSE American LLC announced that the staff of NYSE Regulation has determined to immediately suspend trading in the common stock of Perfect Moment Ltd. On June 12, 2026, NYSE American announced that it was commencing proceedings to delist the company. Perfect Moment Ltd. had the right to request a review of this determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. On June 17, 2026, the company confirmed that it will not exercise that right. Accordingly, NYSE American will suspend trading and will file a delisting application with the U.S. Securities and Exchange Commission.

The NYSE American Regulatory Staff determined on June 11, 2026, that Perfect Moment Ltd. failed to regain compliance with Section 1003(a)(ii) of the NYSE American Company Guide after the maximum 18-month compliance plan period expired. Consequently, the exchange deemed the company no longer suitable for listing pursuant to Section 1009(a) of the Company Guide. Perfect Moment's Board of Directors decided that transitioning to the OTC Markets is in the best interests of the company and its stockholders, foregoing the right to appeal the staff's determination.

Trading on the NYSE American is expected to be suspended during the week commencing June 15, 2026, with OTCQB trading beginning immediately thereafter. The company will continue to evaluate various market tiers within the OTC Markets, including the OTCQX, and considers a potential return to a national exchange in the future. Perfect Moment Ltd. will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.

Max Gottschalk, Executive Chairman of Perfect Moment, stated that the move is a financially prudent step to reduce administrative burden and reinvest savings into growth initiatives. Jane Gottschalk, Co-Founder, Creative Director and President, highlighted the company's confidence in its brand and long-term strategy, noting that a recently secured $10 million revolving credit facility strengthens its financial position to support working capital and strategic priorities.

Key Timeline and Regulatory References

Moment, the AI operating system for investment management, and Ramp, the financial operations platform, announced on June 9, 2026, a strategic partnership aimed at transforming how businesses manage and invest corporate cash. For the first time, finance teams can access institutionally managed fixed income portfolios directly within the platform they already use to run spend, bill pay, and accounting.

Addressing a Long-Standing Gap in Corporate Treasury

Corporate treasury has historically been constrained by two inadequate options. Embedded fintech products typically offer only basic cash storage—usually a money market fund—suited for early-stage companies but insufficient for scaling businesses. Legacy institutional banks, while offering genuine fixed income access and portfolio management, demand weeks of onboarding, high fees, and operationally intensive workflows that require dedicated treasury teams. The result, according to both companies, is that most businesses either leave money on the table or expend significant time and resources to address the shortfall.

What has changed is the underlying infrastructure. Fixed income execution, portfolio construction, liquidity segmentation, and reporting have become fully automatable and API-deliverable, making Smart Treasury—the combination of institutional-grade capital allocation with embedded, automated delivery—accessible at any balance level, for any size company.

What Each Partner Brings to the Table

The partnership leverages the distinct strengths of both organizations:

• Moment built its fixed income infrastructure from the ground up for programmatic delivery. The same system powers trading, portfolio management, and operations for firms managing over $10 trillion in assets. Founded by the team that helped build the systematic credit desk at Citadel Securities, Moment was purpose-built to make institutional fixed income accessible at scale.
• Ramp's financial operations platform is used by over 70,000 companies to manage more than $200 billion in annual purchases. Its AI continuously gathers context across a company's spend, payments, and financial workflows, enabling intelligent action across the full surface area of financial operations.

Partnership Now Live With Strong Early Traction

The partnership is live through Ramp's Investment Account, where over $1 billion in new deposits have been added within the last 3 months. Ramp customers now have native access to professionally managed portfolios with automated optimization, reinvestment, and rebalancing. Processes that previously required weeks of onboarding, manual trade requests, phone calls, days waiting for funds to settle, and a back-and-forth paper trail now take minutes and run automatically.

"Finance teams have been managing their operating cash and their excess cash in two completely separate worlds," said Karl Yang, Product Manager at Ramp. "This partnership is about closing that gap so the same intelligence that helps a company control its spend can also put its cash to work on the same platform."

"Institutional treasury infrastructure has never been accessible at this scale or embedded at this level of automation," said Ammer Soliman, COO and Co-Founder of Moment. "Moment was built to make that infrastructure programmable. Partnering with Ramp means it is now available to over 70,000 finance teams through a platform they already rely on every day — and it runs in the background without adding a single workflow."

About the Companies

Moment is the AI operating system for investment management, built for the world's largest wealth firms and fintechs. Moment works with firms managing more than $10 trillion in client assets, including Edward Jones, LPL Financial, and Hightower Advisors. Moment is backed by investors including Andreessen Horowitz, Index Ventures, and Lightspeed Venture Partners, and is headquartered in New York City.

Ramp is used by more than 70,000 organizations—from family farms and space startups to the Fortune 100—and has helped customers save over $12 billion and 27 million hours. For the median customer, that translates to 5% savings on expenses and 16% revenue growth in their first year. Founded in 2019, Ramp powers over $200 billion in purchases annually.

Portfolios managed by Moment Advisors, LLC. Investing involves risk, including possible loss of principal. Asset allocation does not guarantee profit or protect against loss. Past performance does not guarantee future results.