Damon(DMN.US)

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Damon
DMN.US
Damon Inc., through its subsidiary, Damon Motors Inc. develops electric motorcycles and other personal mobility products electric motorcycles and other personal mobility products. The company develops electric motorcycles, including HyperSport and HyperFighter. It also develops HyperDrive, a common powertrain platform for both the HyperSport and HyperFighter models; and CoPilot, which provides a novel rider assistance and warning system integrated into the motorcycle.
3.720 B
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    News
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    Damon Signs Multiple Material Agreements

    Damon has signed multiple agreements to enhance liquidity for general corporate purposes. The company entered into a $300,000 subordinated promissory note with Baljinder Bhullar and Dino Mariutti, which carries a 15% annual interest and a setup fee that may increase if unpaid. Additionally, a General Security Agreement was executed to secure the note obligations. The agreements are effective from December 29, 2025, and will terminate upon repayment of the note obligations. This financing aims to support Damon's operational needs.

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    Damon Inc. Secures $300,000 Subordinated Loan from CFO and Director

    Damon Inc. has secured a $300,000 subordinated loan from CFO Baljinder Bhullar and director Dino Mariutti, with each contributing $150,000. The loan has a 15% annual interest rate and matures in 60 days or after additional financing, subject to settling obligations to Streeterville Capital, LLC. A setup fee of $30,000 applies, increasing to $50,000 if unpaid after maturity. The loan proceeds will be used for general corporate purposes.

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    Damon Inc. Hosts Exclusive Investor Webinar with CEO Dom Kwong

    Damon Inc. will host an exclusive investor webinar on January 7 at 2:00 PM ET, featuring CEO Dom Kwong. The webinar will cover updates on the company's technology, product programs, and future roadmap. Interested participants can reserve a spot. This announcement is for informational purposes only and should not be considered financial or legal advice.

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    Damon Reaches 70% Completion of HyperSport Race Prototype, Advancing AI-Enabled Platform with Next-Generation Hardware

    Damon Inc. announced reaching 70% completion of its HyperSport Race prototype, marking a key milestone in advancing its AI-enabled platform. The company is executing its production roadmap with consistency, focusing on manufacturing major components and aligning supply chain efforts. This progress represents a shift from design to functional hardware, showcasing Damon's AI-enabled platform intended for OEM integration. Damon aims to capture a significant share of the global two-wheeler market by 2032 through strategic partnerships and innovative mobility solutions.

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    Damon Inc. Announces Director Resignation

    On November 28, 2025, Damon Inc. announced the resignation of Ms. Melanie Figueroa from her position as a director, effective immediately. Her decision was not due to any disagreement with the company's operations, policies, or practices.IndividualMelanie FigueroaRoleDirectorType of ChangeResignedEffective DateNovember 28, 2025ReasonNo disagreement with companyReplacement InfoNot disclosedBackground DetailsN/ABoard/Committee Role ChangesNot disclosedOriginal SEC Filing: Damon Inc. [ DMNIF ] - 8-K - Nov. 28, 2025DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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