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Damon ( (DMNIF) ) just unveiled an update.
Damon Inc. announced a reverse split of its common shares, consolidating every 125 pre-reverse split shares into one post-reverse split share, effective July 3, 2025. This move reduces the number of outstanding shares from approximately 2.45 billion to about 19.6 million, adjusting the exercise or conversion prices of the company’s securities proportionately. The reverse split aims to streamline the company’s share structure, potentially enhancing its market positioning and operational efficiency.
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
Damon Inc. is a designer and developer of personal mobility products and technology solutions, focusing on AI-driven safety systems, smart electrification, and user-driven design to enhance sustainable transportation. The company operates across four revenue verticals: Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects. Damon aims to capture a significant share of the $40 billion global electric two-wheeler market by 2030, leveraging its integrated ecosystem approach and strategic partnerships.
Average Trading Volume: 541,264,127
Current Market Cap: $1.96M
See more data about DMNIF stock on TipRanks’ Stock Analysis page.