Damon Shares to Trade on Nasdaq for One Day, OTC Pink Trading Expected

Dow Jones

May 17, 2025

By Josh Beckerman

Damon shares, which traded below one cent in the days before an April 29 Nasdaq halt, will resume trading Nasdaq for one day on Monday.

Damon, whose products include electric motorcycles, said it won't appeal a Nasdaq delisting determination and expects shares to start trading on the OTC Pink Current Market on Tuesday.

Nasdaq halted trading on April 29 pending receipt of additional information. Damon said April 30 that Nasdaq staff expressed concerns about a securities issuance due to substantial dilution for shareholders.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 16, 2025 13:53 ET (17:53 GMT)

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Damon said April 30 that Nasdaq staff expressed concerns about a securities issuance due to substantial dilution for shareholders. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 16, 2025 13:53 ET (17:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2210149790.SGD","symbol_name":"Natixis Thematics Subscription Economy R/A SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536346752","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536346752","pubTimestamp":1747417980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Damon shares, which traded below one cent in the days before an April 29 Nasdaq halt, will resume trading Nasdaq for one day on Monday.Damon, whose products include electric motorcycles, said it won't appeal a Nasdaq delisting determination and expects shares to start trading on the OTC Pink Current Market on Tuesday.Nasdaq halted trading on April 29 pending receipt of additional information. 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Damon said April 30 that Nasdaq staff expressed concerns about a securities issuance due to substantial dilution for shareholders. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 16, 2025 13:53 ET (17:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}