---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-024204"
form_type: "8-K"
ticker: "DMNIF"
cik: "0002000640"
company_name: "Damon Inc."
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T18:58:29.652979+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Damon restates Q2 FY2025 financials; $2.3M transaction cost error reduces net income and EPS

## Summary
- Non-reliance on unaudited Q2 10-Q (Dec 31, 2024) due to understated $2.3M transaction cost from Nov 2024 business combination.
- Restated net income for three months ended Dec 31, 2024: $30.2M (down from $32.5M); diluted EPS $2.33 (was $2.51).
- Restated total liabilities increase $2.3M to $19.5M; accumulated deficit rises to $117.8M.
- Streeterville SPA: $4.4M received of $10M commitment; outstanding principal $3.16M as of Mar 14, 2025; 31.4M shares outstanding.
- Management cites existing material weakness in ICFR as cause; audit committee and independent auditor consulted.

## SEC filing metadata
- accession: 0001213900-25-024204
- form_type: 8-K
- ticker: DMNIF
- cik: 0002000640
- company_name: Damon Inc.
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 8.01, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2000640/000121390025024204/0001213900-25-024204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2000640/000121390025024204/ea0234063-8k_damon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-024204
- JSON: https://secwatch.observer/filing/0001213900-25-024204.json
- Plain text: https://secwatch.observer/filing/0001213900-25-024204.txt

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