tiprankstipranks
XTI announces closing of combination between former subsidiary, Damon Motors
The Fly

XTI announces closing of combination between former subsidiary, Damon Motors

XTI Aerospace (XTIA) congratulates Damon (DMN) Motors on the announced completion of its business combination with Grafiti Holding, a former subsidiary of XTI Aerospace. In connection with the transaction, XTI Aerospace received securities of Damon consisting of common stock and warrants. The common shares of Damon Inc. are expected to begin trading under the ticker symbol “DMN” on the Nasdaq Global Market on November 18, 2024.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App