Deep-Dive Due Diligence AI Generated Report on Damon Inc. Common Stock (DMN)
Welcome to ScanScor. What you're reading is not just a stock summary -- it's a real-time, AI-generated due diligence session crafted from live news, financial data, insider trading activity, SEC filings, and live market momentum.
These reports are generated using OpenAI's GPT-based analysis engine, guided by tightly structured prompts and expert-level data ingestion. Every insight below was assembled to help you understand the forces behind today's market movers.
Disclaimer: This report is for informational purposes only. It does not constitute financial advice. Always do your own research before making any investment.
DMN_OUT_1 [2025-03-24 07:53:00 -0400] 2038 Bytes | 574 tokens | Cum: 574 tkns (7.17% of 8k)
==========================================================================
Booyah, my friends! It's already 7:52:59 AM on Mon Mar 24, 2025 -0400, and I've got my eyes locked on Damon (DMN), pushing up to 0.0445 from 0.0373. Are we in for a serious bull run, or is this just hype? I've pulled the data—let's break it down!
Here's the first list of news for Damon:
C1 - Mar-21-25 08:09PM - Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering
C2 - Mar-20-25 10:35PM - Damon Inc. Announces Pricing of Upsized $16.5 Million Underwritten Public Offering
C3 - Feb-18-25 09:00AM - Damon Provides Operational Business Update and Reports FY25 Q2 Results
C4 - Dec-05-24 09:00AM - Damon Strengthens Operational Focus with Leadership Appointments: Dominique Kwong Named Interim CEO, Shashi Tripathi as Chairman
C5 - Nov-25-24 09:00AM - Damon Inc. Issues CEO Letter Providing Business Update and Outlining Production Roadmap
C6 - Nov-20-24 08:00AM - Damon Inc. Announces New Revenue Opportunity with California's Zero-Emission Motorcycle (ZEM) Mandates
C7 - Nov-18-24 04:05PM - Damon Inc.'s (Nasdaq: DMN) Electric Motorcycle Roars to Life in Stunning Video - Industry Disruptor Aims to Redefine Two-Wheel EV Market
C8 - Nov-18-24 04:05PM 08:00AM - Damon Inc. (Nasdaq: DMN) Makes Nasdaq Debut With Over $100 Million in Reservations
ONLY 3 RULES for AI:
==============
1) I am a document retrieval system. You are the analyst-investigator.
2) You can request items from my lists to get more info on Damon (DMN)
3) AFTER requesting and reading News and SEC filings you'll write a summary, set a score, high price target and headline.
Now, your response should be only 2 or 3 chars. You can say ex., C1, C2, etc., or NEX
The NEX command delivers the NEXt list of News/SEC/Metrics
There are several more lists that use our unified document retrieval system in subsequent prompts.
Your predictons will be compared to reality to rate your accuracy. Try to predict accurately. GOOD LUCK!
Please request a document, read, summarize and score. Say something like "C1".
DMN_IN_2 [2025-03-24 07:53:00 -0400] 2 Bytes | 2 tokens | Cum: 576 tkns (7.20% of 8k)
==========================================================================
C1
DMN_OUT_3 [2025-03-24 07:53:02 -0400] 1038 Bytes | 260 tokens | Cum: 836 tkns (10.45% of 8k)
==========================================================================
Showing C1 (chunk 1 of 9): C1:
**Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering**
Date: Mar-21-25 08:09PM
Source: (PR Newswire)
URL: https://www.prnewswire.com/news-releases/damon-inc-announces-closing-of-upsized-16-5-million-underwritten-public-offering-302408393.html
Transaction Strengthens Balance Sheet and Enables Execution of Multi-Vertical Revenue Strategy
VANCOUVER, BC,March 21, 2025/PRNewswire/ - Damon Inc. (NASDAQ:DMN) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, data intelligence and strategic partnerships, today announced the closing of its previously announced public offering of 126,900,000 units at a public offering price of$0.13per unit. Each unit consisted of one common share and one Series A warrant to purchase one common sh
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_4 [2025-03-24 07:53:02 -0400] 3 Bytes | 2 tokens | Cum: 838 tkns (10.47% of 8k)
==========================================================================
MOR
DMN_OUT_5 [2025-03-24 07:53:03 -0400] 1038 Bytes | 226 tokens | Cum: 1064 tkns (13.30% of 8k)
==========================================================================
Showing C1 (chunk 2 of 9): are, subject to adjustment in accordance with its terms. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 19,035,000 common shares at a price per share equal to the public offering price per unit (net of discounts and commissions) minus$0.001, and/or 19,035,000 Series A warrants at a price of$0.001per warrant, to cover over-allotments.
Gross proceeds to the Company, before deducting underwriting commissions and other offering expenses, were approximately$16.5 million. The proceeds of this offering will support Damon's next phase of growth, focused on accelerating revenue generation through its proprietary technologies, data intelligence, user-driven design and strategic partnerships.
"This financing marks a pivotal moment for Damon, providing the financial foundation needed to advance our mission in sustainable mobility," said Dom Kwong,
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_6 [2025-03-24 07:53:04 -0400] 3 Bytes | 2 tokens | Cum: 1066 tkns (13.33% of 8k)
==========================================================================
NEX
DMN_OUT_7 [2025-03-24 07:53:05 -0400] 966 Bytes | 274 tokens | Cum: 1340 tkns (16.75% of 8k)
==========================================================================
We present this news so you can catch the big movers from recently breaking news.
Here's a list of news articles you can literally read just by asking.
Usually the first item is the most important.
A1 - 2025-03-22T01:09:00Z - Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering...
A2 - 2025-03-22T00:53:06Z - Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering...
A3 - 2025-03-22T00:53:06Z - Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering...
A4 - 2025-03-22T00:20:04Z - Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering By Investing.com...
A5 - 2025-03-22T00:36:36Z - Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering...
Request an article by its reference number. (Ex., "A1" gets the first item)
You may also say NEX to go to the next listing.
Response to this prompt limited to 3 chars.
DMN_IN_8 [2025-03-24 07:53:05 -0400] 2 Bytes | 2 tokens | Cum: 1342 tkns (16.78% of 8k)
==========================================================================
A1
DMN_OUT_9 [2025-03-24 07:53:06 -0400] 1038 Bytes | 275 tokens | Cum: 1617 tkns (20.21% of 8k)
==========================================================================
Showing A1 (chunk 1 of 9): A1:
**Damon Inc. Announces Closing of Upsized $16.5 Million Underwritten Public Offering**Date: 2025-03-22Source: {'uri': 'finanznachrichten.de', 'dataType': 'news', 'title': 'FinanzNachrichten.de'}URL: https://www.finanznachrichten.de/nachrichten-2025-03/64898799-damon-inc-announces-closing-of-upsized-dollar-16-5-million-underwritten-public-offering-008.htmTransaction Strengthens Balance Sheet and Enables Execution of Multi-Vertical Revenue Strategy
VANCOUVER, BC, March 21, 2025 /PRNewswire/ - Damon Inc. (NASDAQ: DMN) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, data intelligence and strategic partnerships, today announced the closing of its previously announced public offering of 126,900,000 units at a public offering price of $0.13 per unit. Each
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_10 [2025-03-24 07:53:07 -0400] 3 Bytes | 2 tokens | Cum: 1619 tkns (20.24% of 8k)
==========================================================================
NEX
DMN_OUT_11 [2025-03-24 07:53:08 -0400] 377 Bytes | 103 tokens | Cum: 1722 tkns (21.52% of 8k)
==========================================================================
This is our final list of news.
News AI can literally read just by asking.
Don't miss the breaking news!
B1 - 2025-03-21T02:35:00Z - Damon Inc. Announces Pricing of Upsized $16.5 Million Underwritten Public Offering
Request an article by its reference number. (Ex., "B1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.
DMN_IN_12 [2025-03-24 07:53:08 -0400] 2 Bytes | 2 tokens | Cum: 1724 tkns (21.55% of 8k)
==========================================================================
B1
DMN_OUT_13 [2025-03-24 07:53:13 -0400] 673 Bytes | 177 tokens | Cum: 1901 tkns (23.76% of 8k)
==========================================================================
Showing B1 (chunk 1 of 1): B1:
**Damon Inc. Announces Pricing of Upsized $16.5 Million Underwritten Public Offering**Date: Unknown DateSource: Unknown SourceURL: https://www.benzinga.com/pressreleases/25/03/n44429492/damon-inc-announces-pricing-of-upsized-16-5-million-underwritten-public-offeringDamon Inc. announced the pricing of its public offering of 126,900,000 units at $0.13 per unit, with each unit consisting of one common share and one Series A warrant. The company intends to use the net proceeds for working capital and general corporate purposes.
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_14 [2025-03-24 07:53:13 -0400] 322 Bytes | 70 tokens | Cum: 1971 tkns (24.64% of 8k)
==========================================================================
Damon Inc. has announced its public offering of 126.9 million units at $0.13 per unit, resulting in an upsized $16.5 million underwritten public offering. Each unit is composed of one common share and one Series A warrant. The company plans to use the net proceeds for working capital and other general corporate purposes.
DMN_OUT_15 [2025-03-24 07:53:14 -0400] 1112 Bytes | 275 tokens | Cum: 2246 tkns (28.07% of 8k)
==========================================================================
This is our list of SEC filings.
If empty, the search returned no recent filings.
S1 - 2025-02-27 8-K Item 1.01. Entry into a Material Definitive Agrmt
Second Amendment to Secured Promissory Note
On February 27, 2025, Damon Inc. (the Company) and Streeterville Capital, LLC ( Streeterville) entered into a Second Amendment (the Note Amendment) to the Secured Promissory Note...
S2 - 2025-02-13 10-Q PART I FIN INFO
ITEM 1: FIN STATEMENTS
The accompanying condensed CONS financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information which are the accounting principles that ar...
S3 - 2024-12-23 8-K Item 1.01 Entry into a Material Definitive Agrmt.
On December 20, 2024, Damon Inc. (the Company) entered into a securities purchase agreement (the Securities Purchase Agrmt) with Streeterville Capital, LLC (the Investor). Under the agreement, the Company agreed to issue...
Request filing by its reference number. (Ex., "S1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.
DMN_IN_16 [2025-03-24 07:53:14 -0400] 2 Bytes | 2 tokens | Cum: 2248 tkns (28.10% of 8k)
==========================================================================
S1
DMN_OUT_17 [2025-03-24 07:53:15 -0400] 1038 Bytes | 247 tokens | Cum: 2495 tkns (31.19% of 8k)
==========================================================================
Showing S1 (chunk 1 of 4): S1:
Item 1.01. Entry into a Material Definitive Agreement
Second Amendment to Secured Promissory Note
On February 27, 2025, Damon Inc. (the Company) and Streeterville Capital, LLC ( Streeterville) entered into a Second Amendment (the Note Amendment) to the Secured Promissory Note (as previously amended, the Note) originally issued by the Company to Streeterville on June 26, 2024, in an original principal amount of $6,470,000.
Pursuant to the Note Amendment, the parties have agreed to amend the Note to grant Streeterville the right to convert from time to time at its election, all or any portion of the outstanding balance of the Note into common shares, no par value, of the Company (Conversion Shares). The number of Conversion Shares deliverable under a conversion notice will be equal to the amount of the outstanding balance of the Note being converted, divided by the conversion pri
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_18 [2025-03-24 07:53:16 -0400] 3 Bytes | 2 tokens | Cum: 2497 tkns (31.21% of 8k)
==========================================================================
MOR
DMN_OUT_19 [2025-03-24 07:53:22 -0400] 1038 Bytes | 224 tokens | Cum: 2721 tkns (34.01% of 8k)
==========================================================================
Showing S1 (chunk 2 of 4): ce, which is 90% of the lowest daily volume weighted average price of the Companys common shares reported by Bloomberg during the ten trading days preceding the delivery date of a conversion notice. This is subject to a floor price of $0.20 per share (the Floor Price), which will be adjusted accordingly in the event of a share split or combination. If the Company issues any securities with a floor price less than $0.20 per share in the future, the Floor Price will automatically adjust to be equal to such lower floor price.
The Note Amendment contains an ownership limitation, pursuant to which the Company shall not effect any issuance of Conversion Shares to the extent that such issuance would cause Streeterville, together with its affiliates, to beneficially own a number of common shares exceeding 9.99% of the number of common shares outstanding on such date, including the common share
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_20 [2025-03-24 07:53:22 -0400] 605 Bytes | 124 tokens | Cum: 2845 tkns (35.56% of 8k)
==========================================================================
The amendment to the note includes a conversion price of 90% of the lowest daily volume-weighted average price of the company's common shares over the ten trading days preceding the delivery date of a conversion notice, subject to a minimum price of $0.20 per share. This price will adjust in the event of a share split or combination. If securities are issued with a floor price lower than $0.20, the minimum price will adjust to match. The amendment also limits ownership, preventing any issuance that would cause Streeterville and its affiliates to own more than 9.99% of the outstanding common shares.
DMN_OUT_21 [2025-03-24 07:53:27 -0400] 1038 Bytes | 229 tokens | Cum: 3074 tkns (38.42% of 8k)
==========================================================================
Showing S1 (chunk 3 of 4): s issuable upon such issuance.
Amendment to Note Purchase Agreement
On February 27, 2025, the Company and Streeterville entered into an Amendment No. 1 (the SPA Amendment) to the Securities Purchase Agreement dated December 20, 2024 (the SPA). Under the SPA Amendment, the Company represented as to its foreign private issuer status and ability to follow home country practice instead of Nasdaq Listing Rule 5635(d) shareholder approval requirements. The parties agreed that, as long the Company remains a foreign private issuer, the Company is not required to seek shareholder approval for issuing shares pursuant to the SPA beyond the limit set by Nasdaq Listing Rule 5635(d). If the Company loses its foreign private issuer status, it must obtain such approval within 90 days.
The foregoing descriptions of the Note Amendment and the SPA Amendment do not purport to be complete and are qualif
-- More of this article? (say: MOR) or Next section? (say: NEX) (only 3 chars. - please don't summarize yet)
DMN_IN_22 [2025-03-24 07:53:27 -0400] 433 Bytes | 90 tokens | Cum: 3164 tkns (39.55% of 8k)
==========================================================================
The Company and Streeterville have amended the Securities Purchase Agreement (SPA) that was initiated on December 20, 2024. As per the amendment, the Company, as long as it remains a foreign private issuer, is not required to seek shareholder approval for issuing shares beyond the limit set by Nasdaq Listing Rule 5635(d). However, if the Company loses its foreign private issuer status, it must obtain such approval within 90 days.
DMN_OUT_23 [2025-03-24 07:53:39 -0400] 3312 Bytes | 827 tokens | Cum: 3991 tkns (49.89% of 8k)
==========================================================================
This is our set of metrics.
Please analyze the numbers.
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
| Volume: 304,101,056 | SMA50: -91.06% | Market Cap: 1.17M | Option/Short: No / No | Sales past 5Y: 0.00% | Sales Surprise: - |
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
| Avg Volume: 9.41M | SMA200: -94.18% | Shs Outstand: 31.42M | Short Float: 5.10% | Employees: - | EPS Surprise: - |
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
| Rel Volume: 66.65 | Perf Week: -76.98% | Shs Float: 24.01M | Short Ratio: 0.13 | Debt/Eq: - | P/E: - |
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
| RSI (14): 15.40 | Perf Month: -90.36% | Inst Own: 0.94% | Short Interest: 1.22M | Sales Y/Y TTM: - | Earnings: - |
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
| ATR (14): 0.05 | Perf Quarter: -95.22% | Insider Own: 23.59% | Beta: - | ROE: - | |
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
| SMA20: -78.32% | Index: - | Insider Trans: 0.00% | Sales Q/Q: - | ROI: - | |
+---------------------+-----------------------+----------------------+-----------------------+----------------------+-------------------+
The next section covers any insider trading.
If this section may be blank due to no recent filings.
[Company Financial Summary]
[Company Details]
Name: Damon Inc. Common Stock
Market Cap: 1171955.8544
Shares Outstanding: 31419728
Sector: SERVICES-COMPUTER PROGRAMMING SERVICES
[Financial Statements - Latest Quarter]
Total Assets: N/A
Total Liabilities: N/A
Total Equity: N/A
Revenue (Quarter): N/A
Net Income: N/A
Earnings Per Share (EPS): N/A
[Price Metrics - Last 30 Days]
Latest Close: 0.0373
Average Volume: 27435560.75
30-Day High: 0.3039
30-Day Low: 0.0373
No detailed financial data available.
==== END OF FINANCIAL REPORT ====
You are now requested to make a summary analysis.
Save explaining why you didn't have enough information for the final survey.
Now, complete this report with the following:
1) Brief Summary: explain your findings in succinct wording.
2) MARKET_SCORE: If you calculate a 92% likelihood of an upward moves, say: MARKET_SCORE[92]
3) PRICE_TARGET: If you think the high today will be 50% higher, add to the price.
Eg., If the current price is $5.00, add 50%. Thus, PRICE_TARGET[$7.50] -- It should be at or above the current price.
4) Provide a thought-provoking take, 6-10 words, to use for the headline of this news story.
Like this: AI_RPT_HEADLINE: [6-12 words headline for news story, distilled from summary]
1) Brief Summary, 2) MARKET_SCORE, 3) PRICE_TARGET, and 4) AI_RPT_HEADLINE
DMN_IN_24 [2025-03-24 07:53:39 -0400] 854 Bytes | 193 tokens | Cum: 4184 tkns (52.30% of 8k)
==========================================================================
1) Brief Summary: Damon Inc., a computer programming services company, has seen a significant decline in market performance as indicated by the downward trend in multiple Simple Moving Averages (SMA). The company shows no sales growth over the past 5 years, and there is no evidence of insider trading. The company's market cap is relatively low at 1.17M, and the number of outstanding shares is 31.42M. The data suggests Damon Inc. has been underperforming in the market.
2) MARKET_SCORE[10]: Given the negative trends in SMAs, a poor weekly performance, and no sales growth, the likelihood of an upward move in the near future appears low.
3) PRICE_TARGET[$0.04]: Considering the recent performance and lack of available financial data, a modest increase in price is projected.
4) AI_RPT_HEADLINE: "Damon Inc. Struggles Amid Downward Market Trends"
DMN_OUT_25 [2025-03-24 07:53:42 -0400] 676 Bytes | 167 tokens | Cum: 4351 tkns (54.39% of 8k)
==========================================================================
Finally, if more data could have improved your confidence which would you have chosen? **Choose one option:**
-> X0 <- Nothing more would have helped my analysis
-> X1 <- More stock-specific news
-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes
-> X3 <- More SEC Insider Trading (Form 3, 4, 5) Direct buys/sells from executives and institutions
-> X4 <- Broader sector & market news
-> X5 <- Your past analysis on similar companies (specify metrics)
-> X6 <- More financial metrics
-> X7 <- Your past analysis on this exact company
-> X8 <- Something altogether different (explain...)
DMN_IN_26 [2025-03-24 07:53:42 -0400] 94 Bytes | 28 tokens | Cum: 4379 tkns (54.74% of 8k)
==========================================================================
-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes
DMN_IN_27 [2025-03-24 07:53:42 -0400] 126 Bytes | 29 tokens | Cum: 4408 tkns (55.10% of 8k)
==========================================================================
====================================
[2025-03-24 04:53:42] # Analysis Completed
Elapsed Time: 44.01 seconds