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Damon Announces Effective Date of Reverse Split

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Damon (OTC Pink: DMNIF), a designer and developer of electric motorcycles and personal mobility products, has announced a 125:1 reverse stock split effective July 3, 2025. The company's outstanding shares will be reduced from 2,450,477,042 to approximately 19,603,816 shares.

The company's name will remain unchanged, with new CUSIP number 235750205 and ISIN number CA2357502053. Fractional shares will be handled by rounding down if less than half a share and up if equal to or greater than half a share. All outstanding exercisable or convertible securities will be proportionally adjusted following the reverse split.

Damon (OTC Pink: DMNIF), progettista e sviluppatore di motociclette elettriche e prodotti per la mobilità personale, ha annunciato un raggruppamento azionario inverso 125:1 con effetto dal 3 luglio 2025. Le azioni in circolazione passeranno da 2.450.477.042 a circa 19.603.816.

Il nome della società rimarrà invariato, con un nuovo numero CUSIP 235750205 e ISIN CA2357502053. Le azioni frazionarie saranno arrotondate per difetto se inferiori a mezza azione e per eccesso se pari o superiori a mezza azione. Tutti i titoli esercitabili o convertibili in circolazione saranno adeguati proporzionalmente dopo il raggruppamento inverso.

Damon (OTC Pink: DMNIF), diseñador y desarrollador de motocicletas eléctricas y productos de movilidad personal, ha anunciado una consolidación de acciones inversa de 125:1 efectiva el 3 de julio de 2025. Las acciones en circulación se reducirán de 2,450,477,042 a aproximadamente 19,603,816.

El nombre de la empresa permanecerá sin cambios, con un nuevo número CUSIP 235750205 y número ISIN CA2357502053. Las acciones fraccionarias se redondearán hacia abajo si son menos de media acción y hacia arriba si son iguales o mayores a media acción. Todos los valores ejercitables o convertibles en circulación serán ajustados proporcionalmente tras la consolidación inversa.

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íšŒì‚¬ëª…ì€ ë³€ê²½ë˜ì§€ 않으ë©�, 새로ìš� CUSIP 번호ëŠ� 235750205, ISIN 번호ëŠ� CA2357502053입니ë‹�. 소수 주ì‹ì€ ë°� ì£� 미만ì� 경우 내림, ë°� ì£� ì´ìƒì� 경우 올림 처리ë©ë‹ˆë‹�. 역병í•� í›� 모든 행사 가능하거나 전환 가능한 ì¦ê¶Œì€ 비례ì ìœ¼ë¡� ì¡°ì •ë©ë‹ˆë‹�.

Damon (OTC Pink : DMNIF), concepteur et développeur de motos électriques et de produits de mobilité personnelle, a annoncé un regroupement d'actions inversé au ratio de 125:1 effectif à partir du 3 juillet 2025. Les actions en circulation passeront de 2 450 477 042 à environ 19 603 816.

Le nom de la société restera inchangé, avec un nouveau numéro CUSIP 235750205 et un numéro ISIN CA2357502053. Les fractions d’actions seront arrondies à la baisse si elles sont inférieures à une demi-action, et à la hausse si elles sont égales ou supérieures à une demi-action. Tous les titres exerçables ou convertibles en circulation seront ajustés proportionnellement après le regroupement inversé.

Damon (OTC Pink: DMNIF), ein Entwickler und Hersteller von Elektromotorrädern und persönlichen Mobilitätsprodukten, hat eine Reverse Stock Split im Verhältnis 125:1 angekündigt, die am 3. Juli 2025 wirksam wird. Die ausstehenden Aktien werden von 2.450.477.042 auf etwa 19.603.816 reduziert.

Der Name des Unternehmens bleibt unverändert, mit einer neuen CUSIP-Nummer 235750205 und ISIN CA2357502053. Bruchteile von Aktien werden abgerundet, wenn sie weniger als eine halbe Aktie betragen, und aufgerundet, wenn sie gleich oder größer als eine halbe Aktie sind. Alle ausstehenden ausübbaren oder wandelbaren Wertpapiere werden nach dem Reverse Split proportional angepasst.

Positive
  • Reverse split could help meet minimum share price requirements for potential uplisting
  • Reduction in total shares outstanding may improve stock marketability
Negative
  • Significant share consolidation ratio of 125:1 indicates substantial dilution has occurred
  • No stated strategic rationale for the reverse split provided in the announcement

VANCOUVER, BC, June 30, 2025 /PRNewswire/ - Damon Inc. (OTC Pink: DMNIF) ("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, announces that the Company will implement the reverse split (consolidation) of its common shares in the capital of the Company (the "Shares") on the basis of one (1) post-reverse split Share for every 125 pre-reverse split Shares (the "Reverse Split") effective as of market open on July 3, 2025.

The Company's name will remain unchanged after the Reverse Split. The new CUSIP number will be 235750205 and the new ISIN number will be CA2357502053 for the post-Reverse Split Shares.

The Company currently has 2,450,477,042 Shares issued and outstanding and there will be approximately 19,603,816 Shares issued and outstanding post-Reverse Split, subject to rounding for fractional Shares.

No fractional Shares will be issued in connection with the Reverse Split. In the event a holder of Shares would otherwise be entitled to receive a fractional Share in connection with the Reverse Split, the factional Share will be cancelled if it is less than one-half (1/2) of a Share, and will be changed to one whole Share if that fractional Share is equal to or greater than one-half (1/2) of a Share.

The exercise or conversion price, and the number of Shares issuable under any of the Company's outstanding exercisable or convertible securities will be proportionately adjusted upon the effectiveness of the Reverse Split.

About Damon

Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals - Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects � Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 20301. The company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics, engineering expertise, and strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit damon.com.

1 Source McKinsey Report on Micromobility (2022)

FORWARD LOOKING STATEMENTS

This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, "forward-looking statements") that reflect current expectations and projections of Damon Inc. ("Damon") about its future development. When used in this press release, forward-looking statements can be identified by the use of words such as "may," or by such words as "will," "intend," "believe," "estimate," "consider," "expect," "anticipate," and "objective" and similar expressions or variations of such words. Forward-looking statements in this press release include, but are not limited to, statements relating to the implementation of the Reverse Split. Forward-looking statements are, by their nature, not guarantees of Damon's future operational or financial performance and are subject to risks and uncertainties and other factors that could cause Damon's actual results, performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. No representation or warranty is intended with respect to anticipated future results, or that estimates, or projections will be sustained.

In developing the forward-looking statements in this press release, we have applied several material assumptions, including the general business and economic conditions of the industries and countries in which Damon operates, and general market conditions. Many risks, uncertainties, and other factors could cause the actual results of Damon to differ materially from the results, performance, achievements, or developments expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our history of losses, our ability to implement our growth strategy, generate revenue and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, impact of our recent delisting from Nasdaq, our ability to establish and sustain an active trading market on an over-the-counter market maintained by OTC Markets Group Inc., customer demand for or acceptance of our products and services, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and services and secure strategic supply, manufacturing, licensing and distribution arrangements, our ability to protect our intellectual property, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to escalating tariff and non-tariff trade measures imposed by the United States and other countries, increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine, Israel/Hamas and Israel/Iran, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the press release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, events may differ materially from current expectations. Damon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required pursuant to applicable securities law. All forward-looking statements contained in the press release are expressly qualified in their entirety by this cautionary statement. 

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SOURCE DAMON Motors Inc.

FAQ

When will Damon's (DMNIF) reverse stock split take effect?

Damon's reverse stock split will take effect at market open on July 3, 2025.

What is the ratio of Damon's (DMNIF) reverse stock split?

The reverse split ratio is 125:1, meaning shareholders will receive one new share for every 125 shares currently held.

How many shares will Damon (DMNIF) have outstanding after the reverse split?

After the reverse split, Damon will have approximately 19,603,816 shares outstanding, reduced from 2,450,477,042 shares.

How will Damon (DMNIF) handle fractional shares in the reverse split?

Fractional shares will be rounded down if less than half a share and rounded up to one whole share if equal to or greater than half a share.

Will Damon's (DMNIF) company name or ticker symbol change after the reverse split?

The company name will remain unchanged after the reverse split, though it will receive a new CUSIP number (235750205) and ISIN number (CA2357502053).
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