Nadir Ali
Mr. Nadir Ali resigned as the sole officer and director of the Company.
Highest-materiality recent filing
Damon Inc. enters $300K promissory note with CFO and director at 15% interest
Borrowed $300K aggregate from CFO Baljinder Bhullar and Dino Mariutti, each contributing $150K.
Damon Inc. effects 1-for-125 reverse stock split; shares now trade OTC
Reverse split effective July 3, 2025; shares outstanding reduced from ~2.45B to ~19.6M.
Damon to delist from Nasdaq on May 19; shares expected on OTC Pink starting May 20
Nasdaq halted trading April 29, 2025; Company foregoes appeal; one-day Nasdaq resumption on May 19 then suspension.
Nasdaq to delist Damon Inc. over substantial dilution from Series A warrants; hearing set for May 20
Nasdaq notified Damon on April 25, 2025 that staff determined to delist securities under Listing Rule 5101 due to public interest concerns over Series A warrant dilution.
Nasdaq determines to delist Damon shares; bid price below $0.10 for 10 days
Staff delisting determination issued April 4, 2025; company to appeal by April 11, 2025.
Damon receives Nasdaq MVPHS non-compliance notice; closes dilutive $15M unit offering
Nasdaq notified Damon on March 20 that MVPHS was below $15M for 30 consecutive business days; compliance period until Sept 16, 2025.
Damon restates Q2 FY2025 financials; $2.3M transaction cost error reduces net income and EPS
Non-reliance on unaudited Q2 10-Q (Dec 31, 2024) due to understated $2.3M transaction cost from Nov 2024 business combination.
Damon amends $6.47M note to allow conversion; modifies $10M SPA on foreign private issuer status
Grants Streeterville conversion right at 90% of lowest daily VWAP over 10 trading days; floor $0.20 per share.
Damon Inc. receives Nasdaq bid price deficiency notice; has 180 days to regain compliance
Nasdaq notified Damon on Jan 22, 2025, that bid price was below $1.00 for 30 consecutive business days through Jan 21.
Nasdaq notifies Damon Inc. MVLS below $50M minimum; 180-day cure period until July 7, 2025
Nasdaq warned Damon Inc. on Jan 7, 2025, that MVLS was below $50M for 30 straight days (Nov 18 - Jan 6).
Damon Inc. enters $10M prepaid purchase deal with Streeterville Capital; initial $2M funded
Issued 343,053 commitment shares; initial prepaid purchase of $2M carries 7% OID and 8% interest.
Damon Inc. CEO Damon Jay Giraud resigns; Dominique Kwong named interim CEO
Damon Jay Giraud resigned as CEO, President, and Executive Chairman effective December 4, 2024.
Business combination closed Nov 13; Damon Motors becomes wholly owned sub; combined co renamed Damon Inc.
Business combination completed; combined company renamed Damon Inc., Damon Motors becomes wholly-owned subsidiary.
Mr. Nadir Ali resigned as the sole officer and director of the Company.
Jay Giraud, Karan Sodhi, Shashi Tripathi, Bal Bhullar and Melanie Figueroa were appointed as members of the board of directors
Derek Dorresteyn 57 Chief Technology Officer
Amber Spencer 34 Chief Marketing Officer
Jay Giraud, Karan Sodhi, Shashi Tripathi, Bal Bhullar and Melanie Figueroa were appointed as members of the board of directors
Damon Jay Giraud 48 CEO, President and Executive Chairman of the Board
Jay Giraud, Karan Sodhi, Shashi Tripathi, Bal Bhullar and Melanie Figueroa were appointed as members of the board of directors
Baljinder (Bal) Bhullar, Chief Financial Officer and Director Bal Bhullar was appointed to serve as CFO and Director of the Company with effect upon the closing of the Business Combination.
Max materiality 1.00 · Median 0.70 · Most common event other_material