Damon announces appeal to Nasdaq’s delisting determination

Damon (DMN) announced that the Company has determined to forego its right to appeal Nasdaq’s delisting determination, to enable the Company’s common shares to begin trading on an alternative market. The Nasdaq staff has informed the Company that its common shares will resume trading on Nasdaq for one trading day, on May 19, 2025, prior to suspending the common shares as of the following trading day. The Company currently expects that its common shares will begin trading on the OTC Pink Current Market maintained by OTC Markets Group beginning on May 20 in accordance with Rule 15c2-11 under the SEC of 1934, as amended. The OTC Pink Current Market will become the OTCID Basic Market effective as of July 1. The OTCID Basic Market is for companies that meet a minimal current information standard and provide management certification, without the qualitative standards of the OTCQX Best Market and OTCQB Venture Market.