Damon Inc. Sees 13D/A Filing from Giraud

TL;DR

Giraud filed 13D/A for Damon Inc. - ownership update.

AI Summary

Damon Jay Giraud, through LIME DRAGON HOLDINGS CORP., has filed an amendment (Amendment No. 1) to their Schedule 13D for Damon Inc., reporting a change in beneficial ownership as of December 4, 2024. The filing indicates a shift in reporting status, potentially due to changes in ownership thresholds or control, as Giraud was formerly associated with Grafiti Holding Inc. before a name change on November 9, 2023.

Why It Matters

This filing indicates a change in significant beneficial ownership for Damon Inc., which could signal shifts in control or strategic direction for the company.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in a major shareholder's stake, which can lead to increased volatility or strategic shifts.

Key Numbers

• 20241206 — Filing Date (Date of the Schedule 13D/A amendment filing.)
• 20231109 — Name Change Date (Date of former company name change to Damon Inc.)

Key Players & Entities

• Damon Jay Giraud (person) — Reporting Person
• Damon Inc. (company) — Subject Company
• LIME DRAGON HOLDINGS CORP. (company) — Filing Entity
• Grafiti Holding Inc. (company) — Former Company Name

FAQ

Filing Documents

• ea0224009-13da1giraud_damon.htm (SC 13D/A) — 81KB
• 0001213900-24-106620.txt ( ) — 82KB

From the Filing

SC 13D/A 1 ea0224009-13da1giraud_damon.htm AMENDMENT NO. 1 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) DAMON INC. (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 235750106 (CUSIP Number) Damon Jay Giraud 342 15 th Street W North Vancouver, British Columbia V7M 1S5 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 4, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 235750106 1 Name of reporting person Damon Jay Giraud 2 Check the appropriate box if a member of a Group (See Instructions) (a) (b) 3 SEC use only 4 Source of funds (See Instructions) Bank (BK) Affiliate - Affiliate or reporting person (AF) Working Capital - Working Capital of reporting person (WC) Personal Funds - Personal Funds of reporting person (PF) Other (OO) 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or place of organization Canada Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 535,996 (1) 8 Shared Voting Power 1,381,039 (2) 9 Sole Dispositive Power 535,996 (1) 10 Shared Dispositive Power 1,381,039 (2) 11 Aggregate amount beneficially owned by each reporting person 1,917,035 12 Check if the aggregate amount in Row (11) excludes certain shares (See Instructions) 13 Percent of class represented by amount in Row (11) 9.0%(3) 14 Type of Reporting Person (See Instructions) Broker Dealer (BD) Bank (BK) Church Plan (CP) Corporation (CO) Employee Benefit Plan or Endowment Fund (EP) Individual (IN) Investment Adviser (IA) Insurance Company (IC) Investment Company (IV) Parent Holding Company/Control Person (HC)) Partnership (PN) Savings Association (SA) Other (OO) Comment for Type of Reporting Person: (1) Represents (a) 10,142 common shares of Damon Inc. (the “Company” or the “Issuer”) and (b) 525,854 common shares issuable upon exercise of options to purchase common shares which are immediately exercisable, both directly owned by Mr. Giraud. (2) Represents 1,381,039 common shares owned by Lime Dragon Holdings Corp. (“Lime Dragon”), of which Mr. Giraud serves as the sole director and sole shareholder. (3) The percentage ownership is based upon 20,767,610 common shares issued and outstanding as of December 4, 2024, as advised by the Company. 2 SCHEDULE 13D CUSIP No. 235750106 1 Name of reporting person Lime Dragon Holdings Corp. 2 Check the appropriate box if a member of a Group (See Instructions) (a) (b) 3 SEC use only 4 Source of funds (See Instructions) Bank (BK) Affiliate - Affiliate or reporting person (AF) Working Capital - Working Capital of reporting person (WC) Personal Funds - Personal Funds of reporting person (PF) Other (OO) 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or place of organization British Columbia, Canada Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 0 8 Shared Voting Power 1,381,039 (1) 9 Sole Dispositive Power 0 10 Shared Dispositive Power 1,381,039 (1) 11 Aggregate amount beneficially owned by each reporting person 1,381,039 12 Check if the aggregate amount in Row (11) excludes certain shares (See Instructions) 13 Percent of class represented by amount in Row (11) 6.7%(2) 14 Type of Reporting Person (See Instructions) Broker Dealer (BD) Bank (BK) Church Plan (CP) Corporation (CO) Employee Benefit Plan or Endowment Fund (EP) Individual (IN) Investment Adviser (IA) Insurance Company (IC) Investment Company (IV) Parent Holding Company/Control Person (HC)) Partnership (PN) Savings Association (SA) Other (OO) Comment for Type of Reporting Person: (1) Represents 1,381,039 common shares directly owned by Lime Dragon Holdings Corp. (2) The percentage ownership is based upon 20,767,610 common shares issued and outstanding as of December 4, 2024, as advised by the Company. 3 Explanatory Note The Reporting Persons are filing this Amendment No. 1 to Schedul

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