Damon Inc. Reduces Debt with Securities Purchase Agreement

An update from Damon Inc. ( (DMN) ) is now available.

Damon Inc. has engaged in a financial transaction under a Securities Purchase Agreement with Streeterville Capital, LLC, receiving $4,400,000 out of a committed $10,000,000. As of March 14, 2025, the company has reduced its outstanding principal balance to $3,158,000, with an additional $53,258 in accrued interest, after issuing 8,133,614 common shares to Streeterville. This transaction impacts the company’s financial operations by decreasing its debt and increasing its common shares to 31,419,728 as of the same date.

More about Damon Inc.

YTD Price Performance: -82.59%

Average Trading Volume: 4,108,550

For detailed information about DMN stock, go to TipRanks’ Stock Analysis page.