secwatch.observer — SEC 8-K summary
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Issuer:     Damon Inc. (DMNIF)
CIK:        0002000640
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001213900-26-001245
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000640/000121390026001245/0001213900-26-001245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000640/000121390026001245/ea0271658-8k_damon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-001245

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