Damon Inc. (DMNIF): Nasdaq/NYSE listing notice — Nasdaq notifies Damon Inc. MVLS below $50M minimum; 180-day cure period until July 7, 2025

Damon Inc.

Nasdaq warned Damon Inc. on Jan 7, 2025, that MVLS was below $50M for 30 straight days (Nov 18 - Jan 6).
Company has 180 calendar days, until July 7, 2025, to regain compliance; stock continues trading on Nasdaq Global Market.
If MVLS closes at or above $50M for 10 consecutive business days before July 7, compliance is regained.
Failure to comply by July 7 may lead to delisting; company may appeal or consider transferring to Nasdaq Capital Market.
No assurance of regaining compliance; monitor and evaluate options.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Damon Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

January 7, 2025, Damon Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Damon Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

January 7, 2025, Damon Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the 30 consecutive business days from November 18, 2024 to January 6, 2025, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”). An indicator will be displayed with quotation information related to the Company’s

View on SEC.gov

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Damon Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-002720

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