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