secwatch.observer — SEC 8-K summary
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Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001213900-24-099365
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.03, 2.01, 2.03, 3.02, 8.01, 3.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Damon Inc. completes business combination with Damon Motors, closes $16.8M debt financing, begins Nasdaq trading Nov 18
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390024099365/0001213900-24-099365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390024099365/ea0221408-8k_damon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-099365

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer