Damon Inc. Files S-1/A Amendment for IPO
Ticker: DMNIF · Form: S-1/A · Filed: Jan 31, 2025 · CIK: 2000640
Sentiment: neutral
Topics: ipo, amendment, company-rebrand
TL;DR
Damon Inc. (fka Grafiti Holding) filed S-1/A on Jan 31, 2025. IPO incoming.
AI Summary
Damon Inc. filed an S-1/A amendment on January 31, 2025, for its initial public offering. The company, formerly known as Grafiti Holding Inc. until November 9, 2023, is incorporated in British Columbia and has its principal executive offices at 704 Alexander Street, Vancouver. The filing relates to Registration No. 333-284324.
Why It Matters
This S-1/A filing indicates Damon Inc. is moving forward with its public offering, providing an updated look at its financial and operational status for potential investors.
Risk Assessment
Risk Level: medium — As an S-1/A filing, it represents a company seeking to go public, which inherently carries risks associated with market reception and operational execution.
Key Numbers
- 333-284324 — Registration Number (Identifies this specific SEC filing and offering.)
Key Players & Entities
- Damon Inc. (company) — Registrant
- Grafiti Holding Inc. (company) — Former company name
- January 31, 2025 (date) — Filing date
- 333-284324 (registration_number) — SEC registration number
- 704 Alexander Street, Vancouver, British Columbia V6A 1E3 (address) — Principal executive offices
- Dominique Kwong (person) — Interim Chief Executive Officer
FAQ
What is the primary purpose of this S-1/A filing?
This S-1/A filing is an amendment to Damon Inc.'s registration statement for its initial public offering (IPO).
When was this amendment filed with the SEC?
The amendment was filed on January 31, 2025.
What was Damon Inc.'s former name?
Damon Inc. was formerly known as Grafiti Holding Inc.
What is Damon Inc.'s principal executive office address?
Damon Inc.'s principal executive office is located at 704 Alexander Street, Vancouver, British Columbia V6A 1E3.
Who is listed as the Interim Chief Executive Officer?
Dominique Kwong is listed as the Interim Chief Executive Officer of Damon Inc.
Filing Stats: 4,524 words · 18 min read · ~15 pages · Grade level 19.2 · Accepted 2025-01-31 17:31:08
Key Financial Figures
- $10 million — the aggregate purchase amount of up to $10 million. Upon the terms and subject to the cond
- $0.61 — common shares as reported by Nasdaq was $0.61 per share. Investing in our common sh
Filing Documents
- ea0229409-s1a1_damon.htm (S-1/A) — 3832KB
- ea022940901ex23-1_damon.htm (EX-23.1) — 2KB
- ea022940901ex23-2_damon.htm (EX-23.2) — 2KB
- ea022940901ex23-3_damon.htm (EX-23.3) — 5KB
- image_001.jpg (GRAPHIC) — 3KB
- image_002.jpg (GRAPHIC) — 19KB
- image_003.jpg (GRAPHIC) — 212KB
- fin_001.jpg (GRAPHIC) — 2KB
- ex23-3_001.jpg (GRAPHIC) — 2KB
- 0001213900-25-008966.txt ( ) — 10180KB
- dmn-20240930.xsd (EX-101.SCH) — 57KB
- dmn-20240930_cal.xml (EX-101.CAL) — 47KB
- dmn-20240930_def.xml (EX-101.DEF) — 306KB
- dmn-20240930_lab.xml (EX-101.LAB) — 507KB
- dmn-20240930_pre.xml (EX-101.PRE) — 331KB
- ea0229409-s1a1_damon_htm.xml (XML) — 776KB
USE OF PROCEEDS
USE OF PROCEEDS 48 DETERMINATION OF OFFERING PRICE 48 DIVIDEND POLICY 48 MARKET INFORMATION 48 Unaudited Pro Forma Condensed Combined Financial Information 49 Management's Discussion and Analysis of Financial Condition and Results of Operations of DAMON (FORMERLY, GRAFITI HOLDING) 62 Management's Discussion and Analysis of Financial Condition and Results of Operations of DAMON MOTORS 80
BUSINESS
BUSINESS 101 Management 117 Executive and Director Compensation 123 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 135 PRINCIPAL SHAREHOLDERS 138 Selling Securityholders 139 Description of Capital Stock 141 SECURITIES ACT RESTRICTIONS ON RESALE OF COMMON STOCK 144 PLAN OF DISTRIBUTION 145 LEGAL MATTERS 148 EXPERTS 148 Where You Can Find More Information 148 INDEX TO CONSOLIDATED
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS F-1 i ABOUT THIS PROSPECTUS You should rely only on the information contained in this prospectus or in any applicable prospectus supplement prepared by us or on our behalf. Neither we nor the Selling Securityholders have authorized anyone to provide any information or to make any representations other than those contained in this prospectus, any accompanying prospectus supplement or any free writing prospectus we have prepared. We and the Selling Securityholders take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the securities offered hereby and only under circumstances and in jurisdictions where it is lawful to do so. No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus, any applicable prospectus supplement or any related free writing prospectus. This prospectus is not an offer to sell securities, and it is not soliciting an offer to buy securities, in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus or any prospectus supplement is accurate only as of the date on the front of those documents only, regardless of the time of delivery of this prospectus or any applicable prospectus supplement, or any sale of a security. Our business, financial condition, results of operations and prospects may have changed since those dates. This prospectus is part of a registration statement on Form S-1 that we filed with the SEC using the "shelf" registration process. Under this shelf registration process, the Selling Securityholders hereunder may, from time to time, sell the securities offered by them described in this prospectus. We will not receive any proceeds from the sale by such Selling Securityholders of the common shares offered by them described in this prospectus. A