secwatch.observer — SEC 8-K summary
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Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001213900-25-065191
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Damon enters new 3-year employment agreements with CEO Kwong and CFO Bhullar
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- CEO Kwong: monthly salary CAD$39,947, bonus up to 100% of annual salary, 1M options + 1M RSUs.
- CFO Bhullar: monthly salary CAD$37,035.75, bonus up to 100% of annual salary, 750k options + 750k RSUs.
- CEO signing bonus of CAD$126,110 payable no later than 5 business days after raising at least US$2.5M.
- Agreements initial term to July 16, 2028, auto-renew for 90-day periods; severance up to 18 months salary.
- Shares trade OTC (DMNIF) after Nasdaq delisting; company is an emerging growth company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025065191/0001213900-25-065191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390025065191/ea0249319-8k_damoninc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-065191

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