---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-111506"
form_type: "8-K"
ticker: "DMNIF"
cik: "0002000640"
company_name: "Damon Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:53:44.439077+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-111506
- form_type: 8-K
- ticker: DMNIF
- cik: 0002000640
- company_name: Damon Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2000640/000121390024111506/0001213900-24-111506-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2000640/000121390024111506/ea0225670-8k_damon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-111506
- JSON: https://secwatch.observer/filing/0001213900-24-111506.json
- Plain text: https://secwatch.observer/filing/0001213900-24-111506.txt

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