secwatch.observer — SEC 8-K summary
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Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2025-07-10T23:59:59+00:00
Accession:  0001213900-25-062808
Event type: other
Sentiment:  negative
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Damon Inc. effects 1-for-125 reverse stock split; shares now trade OTC
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- Reverse split effective July 3, 2025; shares outstanding reduced from ~2.45B to ~19.6M.
- Nasdaq delisting effective May 20, 2025; ticker temporarily DMNID, reverts to DMNIF after 20 business days.
- Adjusted FY2024 (Damon Motors) net loss $34.0M, diluted EPS -$348.59; FY2023 net loss $37.0M, EPS -$392.29.
- Three months ended Mar 31, 2025 net loss $25.2M ($62.20/share); nine-month loss $2.35M ($13.47/share) adjusted.
- No fractional shares issued; exercise prices of outstanding securities proportionately adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025062808/0001213900-25-062808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025062808/ea0248441-8k_damon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-062808

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