---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-098787"
form_type: "8-K"
ticker: "DMNIF"
cik: "0002000640"
company_name: "Damon Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:58:52.513892+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Damon Motors completes business combo with Grafiti; direct listing on Nasdaq Nov 18 under DMN with ~$300M equity value

## Summary
- Business combination completed; combined company renamed Damon Inc., Damon Motors becomes wholly-owned subsidiary.
- Direct listing on Nasdaq Global Market under symbol 'DMN' expected November 18, 2024.
- Fully diluted pro-forma equity value approx $300M, implied per-share price ~$12.00.
- Jay Giraud continues as CEO; transaction provides access to public capital markets.
- Spin-off of Grafiti from XTI Aerospace completed; registration effective Nov 12, distribution Nov 13.

## SEC filing metadata
- accession: 0001213900-24-098787
- form_type: 8-K
- ticker: DMNIF
- cik: 0002000640
- company_name: Damon Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2000640/000121390024098787/0001213900-24-098787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2000640/000121390024098787/ea0221414-8k_damon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-098787
- JSON: https://secwatch.observer/filing/0001213900-24-098787.json
- Plain text: https://secwatch.observer/filing/0001213900-24-098787.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.