Damon Inc., a designer and developer of electric motorcycles, has announced a reverse stock split effective July 3, 2025. This consolidation will convert every 125 pre-split shares into one post-split share. The reverse split will reduce the number of shares from approximately 2.45 billion to about 19.6 million. The company's name remains unchanged, but new CUSIP and ISIN numbers have been issued for the post-split shares. No fractional shares will be issued; fractions less than half a share will be canceled, while those equal to or greater than half a share will be rounded up to one full share.
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