Damon Inc. Announces 1-for-125 Reverse Stock Split Effective July 3, 2025

Reuters07-01

<a href="https://laohu8.com/S/DMNIF">Damon Inc.</a> Announces 1-for-125 Reverse Stock Split Effective July 3, 2025

Damon Inc., a designer and developer of electric motorcycles, has announced a reverse stock split effective July 3, 2025. This consolidation will convert every 125 pre-split shares into one post-split share. The reverse split will reduce the number of shares from approximately 2.45 billion to about 19.6 million. The company's name remains unchanged, but new CUSIP and ISIN numbers have been issued for the post-split shares. No fractional shares will be issued; fractions less than half a share will be canceled, while those equal to or greater than half a share will be rounded up to one full share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Damon Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: VA20728) on June 30, 2025, and is solely responsible for the information contained therein.

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Announces 1-for-125 Reverse Stock Split Effective July 3, 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/DMNIF\">Damon Inc.</a> Announces 1-for-125 Reverse Stock Split Effective July 3, 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/DMN\">Damon Inc</a>., a designer and developer of electric motorcycles, has announced a reverse stock split effective July 3, 2025. This consolidation will convert every 125 pre-split shares into one post-split share. The reverse split will reduce the number of shares from approximately 2.45 billion to about 19.6 million. The company's name remains unchanged, but new CUSIP and ISIN numbers have been issued for the post-split shares. 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