8-K
filed November 18, 2024, 6:59 PM ET
ticker DMNIF
CIK 0002000640
M&A
confidence high
sentiment neutral
materiality 0.90
Damon Inc. completes business combination with Damon Motors, closes $16.8M debt financing, begins Nasdaq trading Nov 18
Damon Inc.
- Business combination closed Nov 13; Damon Motors becomes wholly owned sub; combined co renamed Damon Inc.
- Damon securityholders received ~14.8M common, 1.4M multi-voting shares; Damon shs own ~81.5% fully diluted.
- New $8.385M notes each from East West and Braebeacon ($16.77M total), 10% interest, 18-month maturity, tranched.
- Jay Giraud appointed CEO, President, Executive Chairman; Nadir Ali resigned.
- Co expects Nasdaq trading Nov 18; new CUSIP 235750106.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nadir Ali resigned as Sole Officer and Director at Damon Inc..
- Action
- resigned
- Role
- Sole Officer and Director
Exact text from the filing
Mr. Nadir Ali resigned as the sole officer and director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Melanie Figueroa was appointed as Director at Damon Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Jay Giraud, Karan Sodhi, Shashi Tripathi, Bal Bhullar and Melanie Figueroa were appointed as members of the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Derek Dorresteyn was appointed as Chief Technology Officer at Damon Inc..
- Action
- appointed
- Role
- Chief Technology Officer
Exact text from the filing
Derek Dorresteyn 57 Chief Technology Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Amber Spencer was appointed as Chief Marketing Officer at Damon Inc..
- Action
- appointed
- Role
- Chief Marketing Officer
Exact text from the filing
Amber Spencer 34 Chief Marketing Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Karan Sodhi was appointed as Director at Damon Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Jay Giraud, Karan Sodhi, Shashi Tripathi, Bal Bhullar and Melanie Figueroa were appointed as members of the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jay Giraud was appointed as CEO, President and Executive Chairman of the Board at Damon Inc..
- Action
- appointed
- Role
- CEO, President and Executive Chairman of the Board
Exact text from the filing
Damon Jay Giraud 48 CEO, President and Executive Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Shashi Tripathi was appointed as Director at Damon Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Jay Giraud, Karan Sodhi, Shashi Tripathi, Bal Bhullar and Melanie Figueroa were appointed as members of the board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Baljinder Kaur Bhullar was appointed as CFO and Director at Damon Inc..
- Action
- appointed
- Role
- CFO and Director
Exact text from the filing
Baljinder (Bal) Bhullar, Chief Financial Officer and Director Bal Bhullar was appointed to serve as CFO and Director of the Company with effect upon the closing of the Business Combination.
View on SEC.gov
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