secwatch.observer — SEC 8-K summary
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Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001213900-25-002720
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq notifies Damon Inc. MVLS below $50M minimum; 180-day cure period until July 7, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025002720/0001213900-25-002720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025002720/ea0227426-8k_damon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-002720

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