Damon Inc. enters $10M prepaid purchase deal with Streeterville Capital; initial $2M funded

Damon Inc.

Issued 343,053 commitment shares; initial prepaid purchase of $2M carries 7% OID and 8% interest.
Proceeds for working capital; $100K plus 15% of subsequent fundings to repay June 2024 secured promissory note (~$6.47M).
Investor can buy common shares at lower of $1.50 or 90% of 10-day VWAP (floor at 20% of Nasdaq Minimum Price).
Monthly cash repayments of $350K if VWAP below floor for 5 of 7 trading days or 75% of Exchange Cap issued.
Company must seek shareholder approval; if not obtained, any balance above Exchange Cap must be repaid in cash.

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