Damon Inc. (DMNIF): Nasdaq/NYSE listing notice — Nasdaq determines to delist Damon shares; bid price below $0.10 for 10 days

Damon Inc.

Staff delisting determination issued April 4, 2025; company to appeal by April 11, 2025.
Trading will continue pending appeal hearing (typically 30-45 days after request).
Board released remaining 6,723,713 shares from 180-day lock-up on April 9, 2025.
Total common shares outstanding as of April 8, 2025: 786,963,093.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Damon Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)(iii)

Exact text from the filing

April 4, 2025, Damon Inc. (the “Company”) received notice from the staff of Nasdaq (the “Staff”) that the Staff has determined that as of April 3, 2025, the Company’s common shares had a closing bid price of $0.10 or less for ten consecutive trading days, triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with

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Damon Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-030357

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