secwatch.observer — SEC 8-K summary
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Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001213900-24-098787
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390024098787/0001213900-24-098787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390024098787/ea0221414-8k_damon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-098787

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