Damon Inc. (DMNIF): Nasdaq/NYSE listing notice — Nasdaq to delist Damon Inc. over substantial dilution from Series A warrants; hearing set for May 20

Damon Inc.

Nasdaq notified Damon on April 25, 2025 that staff determined to delist securities under Listing Rule 5101 due to public interest concerns over Series A warrant dilution.
Trading in Damon shares halted on April 29 pending outcome of Panel hearing scheduled for May 20, 2025.
Company plans to submit compliance plan to Nasdaq and apply for trading on OTCQB in case of unfavorable decision.
As of April 29, 2025, Damon had 2,450,477,042 common shares outstanding.

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 0.9

Damon Inc. received a nasdaq delisting notice notice regarding other (rules 5101, 5810(d), 4120(a)(5)).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101, 5810(d), 4120(a)(5)

Exact text from the filing

April 25, 2025, Damon Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), stating that based on its review of the Company’s public filings with the Securities and Exchange Commission (the “SEC”), its staff has determined to delist the Company’s securities pursuant to its discretionary authority under Listing Rule 5101. Specifically, as set forth in the letter, Nasdaq’s staff determined that the Company’s issuance of securities pursuant to the underwriting agreement dated March 20, 2025, particularly the Serie

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Damon Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-037170

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