secwatch.observer — SEC 8-K summary
======================================

Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001213900-25-018146
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025018146/0001213900-25-018146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025018146/ea0232428-8k_damon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-018146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer