---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-001245"
form_type: "8-K"
ticker: "DMNIF"
cik: "0002000640"
company_name: "Damon Inc."
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:44:28.484125+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-001245
- form_type: 8-K
- ticker: DMNIF
- cik: 0002000640
- company_name: Damon Inc.
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2000640/000121390026001245/0001213900-26-001245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2000640/000121390026001245/ea0271658-8k_damon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-001245
- JSON: https://secwatch.observer/filing/0001213900-26-001245.json
- Plain text: https://secwatch.observer/filing/0001213900-26-001245.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2000640/000121390026001245/0001213900-26-001245-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2000640/000121390026001245/0001213900-26-001245-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.