Damon Inc. Prepares for OTC Market Transition

Damon Inc. ( (DMN) ) has issued an update.

Damon Inc. announced its decision to forego appealing Nasdaq’s delisting determination, allowing its common shares to trade on an alternative market. On May 19, 2025, the shares will resume trading on Nasdaq for one day before moving to the OTC Pink Current Market on May 20, 2025. This transition is expected to impact the company’s market positioning, as it seeks to meet the minimal current information standard required for the OTCID Basic Market, effective July 1, 2025. Damon will continue to pursue trading on the OTCQB, although there is no assurance of meeting the criteria or gaining approval.

Spark’s Take on DMN Stock

According to Spark, TipRanks’ AI Analyst, DMN 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 DMN stock, click here.

More about Damon Inc.

Damon Inc. is a designer and developer of personal mobility products and technology solutions, focusing on electric motorcycles and AI-driven safety systems. The company aims to revolutionize sustainable transportation by integrating smart electrification and user-driven design, targeting the $40 billion global electric two-wheeler market by 2030.

Average Trading Volume: 166,579,484

Current Market Cap: $18.38M

Find detailed analytics on DMN stock on TipRanks’ Stock Analysis page.