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Damon ( (DMNIF) ) has shared an announcement.
On June 9, 2025, Damon Inc. and its subsidiary, Damon Motors Inc., finalized an amended settlement agreement with Mark Peikin to resolve outstanding financial advisory fee claims. The agreement entailed a one-time cash payment of $350,000 to Mr. Peikin, who agreed to waive all claims related to previous settlement obligations, thereby closing the matter.
Spark’s Take on DMNIF Stock
According to Spark, TipRanks’ AI Analyst, DMNIF is a Underperform.
Damon Inc. is facing critical financial challenges with significant operational losses and high financial risk. Technical analysis indicates bearish trends, and valuation is unappealing due to lack of profitability. While recent corporate actions show efforts to reduce debt, the termination of loan agreements may hinder future financing, adding to the company’s precarious position.
To see Spark’s full report on DMNIF stock, click here.
More about Damon
Average Trading Volume: 312,473,180
Current Market Cap: $2.7M
Learn more about DMNIF stock on TipRanks’ Stock Analysis page.