Damon amends $6.47M note to allow conversion; modifies $10M SPA on foreign private issuer status

Damon Inc.

Grants Streeterville conversion right at 90% of lowest daily VWAP over 10 trading days; floor $0.20 per share.
Company reserves 40M shares for conversion; Streeterville ownership capped at 9.99%.
Under $10M SPA, Streeterville has advanced $3.8M; outstanding balance $1.27M after pre-paid share purchases.
Company issued 1,255,230 common shares to former financial adviser for first installment of fees.
Outstanding shares total 26,894,933 as of Feb 27, 2025.

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