Damon Inc. enters $300K promissory note with CFO and director at 15% interest

Damon Inc.

Borrowed $300K aggregate from CFO Baljinder Bhullar and Dino Mariutti, each contributing $150K.
Note bears 15% annual interest, matures in 60 days or upon IP loan/completion of other financing.
$30K setup fee payable at maturity; increases to $50K if unpaid within 5 business days.
Obligations subordinated to all Streeterville Capital LLC debt; security interest in substantially all personal property.
Audit committee approved; proceeds for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Damon Inc. incurred loan of $300,000 with Baljinder Bhullar and Dino Mariutti at 15% per annum maturing the earlier of (i) 60 days following the advance of funds to the Company or (ii) five business days following the completion of an intellectual property loan fi.

Instrument: loan
Principal: $300,000
Counterparty: Baljinder Bhullar and Dino Mariutti
Rate: 15% per annum
Maturity: the earlier of (i) 60 days following the advance of funds to the Company or (ii) five business days following the completion of an intellectual property loan fi
Event: incurrence

Exact text from the filing

and a director of the Company, and Dino Mariutti (collectively, the “Creditors”), pursuant to which the Creditors agreed to lend the Company an aggregate principal amount of $300,000, with each Creditor contributing $150,000. This transaction has been approved by the Company’s audit committee. The proceeds of the Note are expected to be used for general

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Damon Inc. entered into Promissory Note with Baljinder Bhullar, the Chief Financial Officer and a director of the Company, and Dino Mariutti (collectively, the “Creditors”) valued at $300,000 (effective 2025-12-29).

Action: entry
Agreement: notes offering
Counterparty: Baljinder Bhullar, the Chief Financial Officer and a director of the Company, and Dino Mariutti (collectively, the “Creditors”)
Value: $300,000
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, Damon Inc. (the “Company”) entered into a Promissory Note (the “Note”) with Baljinder Bhullar, the Chief Financial Officer and a director of the Company, and Dino Mariutti (collectively, the “Creditors”), pursuant to which the Creditors agreed to lend the Company an aggregate principal amount of $300,000, with each Creditor contributing $150,000.

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306 debt financings filed in the last 30 days. Browse all debt financings →

Damon Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-001245

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