Damon Inc. has entered into a new financing agreement through a promissory note with its Chief Financial Officer, Baljinder Bhullar, and director Dino Mariutti, with each lending the company $150,000 for a total principal amount of $300,000. The note carries an annual interest rate of 15% and matures either 60 days after funding or five business days following the completion of additional debt or equity financing, provided all obligations to Streeterville Capital, LLC are settled first. The agreement also includes a setup fee of $30,000, which increases to $50,000 if not paid within five business days after maturity, and grants the creditors a subordinated security interest in nearly all of the company's assets. Proceeds from the loan will be used for general corporate purposes.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-001245), on January 05, 2026, and is solely responsible for the information contained therein.