Damon inc. announces closing of upsized $16.5 million underwritten public offering

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 $0.13 per unit. each unit consisted of one common share and one series a warrant to purchase one common share, subject to adjustment in accordance with its terms.
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