**Damon Inc. Announces Change in Certifying Accountants and Reports Internal Control Weaknesses** Damon Inc. has announced a change in its certifying accountants following the acquisition of Marcum LLP's attest business by CBIZ CPAs P.C. As of June 17, 2025, Marcum LLP resigned as the independent registered public accounting firm for Damon Inc. and was replaced by CBIZ CPAs, with the approval of the company's board audit committee. During Marcum's engagement for the fiscal year ending June 30, 2024, no disagreements or reportable events were noted, except for acknowledged material weaknesses in Damon Inc.'s internal controls over financial reporting. These weaknesses were related to ineffective controls over period-end financial disclosure and reporting processes, insufficient monitoring activities, and a lack of personnel with the requisite skills for financial reporting under U.S. GAAP. Damon Inc. is expected to address these issues to strengthen its financial oversight and reporting accuracy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.