What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-06-29 compared with 2025-06-30 · 45 added, 16 removed, 9 unchanged (87% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

common stock trades on The New York Stock Exchange (“NYSE”) under the symbol “PMNT.”

common stock trades on OTCQB Venture Marke (“OTCQB”) under the symbol “PMNT.”

of Common Stock

3 unchanged sentences

have never declared or paid dividends on our common stock and do not intend to pay cash dividends on our common stock for the foreseeable

Other than with respect to the payment of dividends on our Series AA Preferred

Stock as described below, we intend to retain any future earnings to fund the development and growth of our business.

The payment of dividends, if any,

on our common stock will rest solely within the discretion of our board of directors and will depend, among other things, upon our earnings,

capital requirements, financial condition, and other relevant factors.

in April 2025, we will pay monthly dividends on our Series AA Convertible Preferred Stock at the rate of 12% per annum.

Accordingly, we may not be able to

declare a dividend on our common stock unless full cumulative dividends on the Series AA Preferred Stock have been or

contemporaneously are declared and paid.

Other than with respect to the payment of dividends on our Series AA Preferred Stock as described below, we intend to retain

any future earnings to fund the development and growth of our business.

The payment of dividends, if any, on our common stock will rest

solely within the discretion of our board of directors and will depend, among other things, upon our earnings, capital requirements,

financial condition, and other relevant factors.

We paid monthly dividends on our

Series AA Convertible Preferred Stock at the rate of 12% per annum from April 2025 through January 2026.

Cumulative dividends on the Series

AA Preferred Stock have been paid in full as of March 31, 2026.

Sales of Unregistered Securities

March 28, 2025, we issued 924,921 shares of Series AA Convertible Preferred Stock valued at $5.8005 per share and convertible into

shares of common stock at a conversion price of $5.00 per share in accordance with executed securities purchase agreements.

March 28, 2025, we issued 924,921 shares of Series AA Convertible Preferred Stock valued at $5.8005 per share and convertible into shares

of common stock at a conversion price of $5.00 per share in accordance with executed securities purchase agreements.

We also issued 56,676

56,676 warrants to purchase shares of common stock with an exercise price of $1.45 per share to the placement agent as part of the fees

associated with this offering.

Pursuant to the said offering, the Company received gross proceeds of $5,365,000 before fees and other expenses

associated with the transaction

warrants to purchase shares of common stock with an exercise price of $1.45 per share to the placement agent as part of the fees associated

with this offering.

Pursuant to the said offering, the Company received gross proceeds of $5,365,000 before fees and other expenses associated

with the transaction.

August 27, 2025, the Company entered into a Securities Purchase Agreement with X3 Higher Moment Fund LLC (the

“Investor”) to issue and sell (i) 3,172,858 shares of common stock (the “Shares”) and (ii) a warrant (the

“Warrant”) to purchase up to 3,204,908 shares of Common Stock (collectively, the “Securities”) for an

aggregate of $1,485,595.

The per share purchase price of the Shares and the Warrant exercise price are each $0.46822, which

represents the average closing price of the Company’s common stock as reported on the New York Stock Exchange (“NYSE”) American

for the five trading days immediately preceding the signing of the Securities Purchase Agreement.

The Securities were issued

pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended provided in Section 4(a)(2) of

the Securities Act.

The Securities Purchase Agreement was approved by the shareholders of the Company on January 14,

January 15, 2026, the Company issued 11,458,306 shares of its common stock upon conversion of all outstanding shares of Series AA Preferred

The shares were issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended provided

in Section 4(a)(2) of the Securities Act.

2026, the Company entered into a loan agreement (the “Loan”) with X3 Higher Moment Fund LLC as agent for X3 Higher

Moment Fund LLC (“X3”) and Krane Capital, LLC (“Krane Capital” and together with X3 the

“Lenders”) from time to time party thereto in an aggregate principal amount of $10,000,000.

In connection with the Loan,

the Company will issue to X3 warrants (the “X3 Warrants”) to purchase 1,864,753 shares of the Company’s common

stock, par value $0.0001 per share (the “Common Stock”), at an exercise price of $0.46822 per share.

The X3 Warrants

shall expire at 5:00 p.m., Eastern time, on August 27, 2028.

On May 8, 2026, the Company consummated a securities purchase agreement

with Krane under which it issued 6,060,606 shares of its common stock at a purchase price of $0.33 per share and warrants to

purchase up to 8,276,944 shares of its common stock at an exercise price of $0.40 per share and expiring on August 27, 2028 for

gross proceeds of $2,000 (the “May 2026 Securities Purchase Agreement”).

In connection with the May 2026 Securities

Purchase Agreement, the Company issued warrants to purchase up to 1,864,753 shares of its common stock at an exercise price of

$0.46822 per share and expiring on August 27, 2028 to X3 expiring on August 27, 2028.

of Equity Securities by the Issuer and Affiliated Purchasers

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity