Damon Inc. Signs Material Definitive Agreement

TL;DR

Damon Inc. just signed a big deal, formerly Grafiti Holding Inc.

AI Summary

On December 10, 2024, Damon Inc. entered into a material definitive agreement. The company, formerly known as Grafiti Holding Inc. until November 9, 2023, is incorporated in British Columbia and has its principal executive offices in Vancouver, BC.

Why It Matters

This filing indicates a significant new contract or partnership for Damon Inc., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new risks related to contract fulfillment, financial obligations, or strategic alignment.

Key Players & Entities

• Damon Inc. (company) — Registrant
• Grafiti Holding Inc. (company) — Former company name
• November 9, 2023 (date) — Date of name change
• December 10, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $60,000 — ion to its non-executive directors: US$60,000 annual base retainer per director; US
• $25,000 — annual base retainer per director; US$25,000 additional annual retainer payable to t
• $20,000 — director serving as lead director; US$20,000 additional annual retainer payable to e
• $23,333 — a one-time director onboarding fee of US$23,333 to Karan Sodhi, and a one-time direct
• $30,625 — a one-time director onboarding fee of US$30,625 to Shashi Triphathi. 1 SIGNATURE P

Filing Documents

• ea0224968-8k_damon.htm (8-K) — 29KB
• 0001213900-24-109361.txt ( ) — 199KB
• dmn-20241210.xsd (EX-101.SCH) — 3KB
• dmn-20241210_lab.xml (EX-101.LAB) — 33KB
• dmn-20241210_pre.xml (EX-101.PRE) — 22KB
• ea0224968-8k_damon_htm.xml (XML) — 4KB

01. Entry into

Item 1.01. Entry into a Material Definitive Agreement. Following approval by the board of directors (the "Board") of Damon Inc. (the "Company") of a form of indemnification agreement for the Company's directors and executive officers (the "Indemnification Agreement"), the Company entered into an Indemnification Agreement as of December 16, 2024, with its Chief Financial Officer and director, Bal Bhullar. The Company also expects to enter into this agreement with each of its other current directors and certain executive officers, including the interim Chief Executive Officer, and intends to use this form of agreement for future directors and officers (each, an "Indemnitee"). Pursuant to the terms of the Indemnification Agreement, the Company is required to indemnify each Indemnitee, subject to certain limitations, for liabilities incurred in connection with their roles as officers or directors of the Company. The foregoing summary of the Indemnification Agreement's provisions is not exhaustive and is qualified in its entirety by reference to the full text of the Indemnification Agreement, a form of which is filed as Exhibit 10.2 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on December 10, 2024, and incorporated herein by reference.

01 Other Events

Item 8.01 Other Events. Non-executive Director Compensation On D ecember 10, 2024, the Board and the compensation committee of the Company approved the payment of the following compensation to its non-executive directors: US$60,000 annual base retainer per director; US$25,000 additional annual retainer payable to the director serving as lead director; US$20,000 additional annual retainer payable to each director serving as chair of a committee of the Board; a one-time director onboarding fee of US$23,333 to Karan Sodhi, and a one-time director onboarding fee of US$30,625 to Shashi Triphathi. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DAMON, INC. Date: December 16, 2024 By: /s/ Bal Bhullar Name: Bal Bhullar Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR