Details of the offering can be found here Reg A+ Offering
Damon Inc. (OTCID: DMNIF) (“Damon” or the “Company”), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, today announced the launch of its $30 million Regulation A+ equity offering. Net proceeds from the offering will be used to further develop Damon’s personal mobility products, including advancement of its HyperSport Race electric motorcycle program and AI-enabled cloud platform – Damon I/O – designed to power the next generation of personal mobility products and services, along with repayment of senior secured convertible debt to the extent not converted, and working capital. Damon believes this offering presents an opportunity for the public to invest in a scalable, connected vehicle technology suite of products and services, focused on safety, data and intelligence, which Damon believes can transform the personal mobility industry. The Reg A+ offering is open to accredited investors and qualified non-accredited investors. A link to the Offering Circular, filed with the U.S. Securities and Exchange Commission, is provided above.
Overview of Damon’s Regulation A+ Offering Terms:
- Unit offering: Each unit is offered at $0.10 per unit. Each unit consists of one Common Share and one Warrant to purchase one Common Share at an exercise price of $0.12 per share that will expire in 3 years.
- Bonus Units: Investment levels of $2,500 or higher receive bonus units in escalating amounts based on the investment amount.
- Minimum investment: Minimum investment is $1,000 for 10,000 units.
While Damon has over 3,000 pre-orders for its award-winning electric motorcycles, these vehicles serve as the primary showcase for the power of the Damon I/O platform. The company’s business strategy is evolving beyond manufacturing vehicles to include licensing its vertically integrated hardware and software stack to other OEMs, commercial fleets, and technology partners.
“Damon is more than an electric motorcycle company; we are a technology company building a platform to redefine the entire personal mobility industry,” said Dominique Kwong, CEO and Founder of Damon. “Designing safer personal mobility products is where we started, but we believe the Damon I/O connected vehicle platform will enable us to scale and offer solutions to other vehicle makers. We are inviting investors to help us build a connected ecosystem that makes every vehicle smarter and safer, whether it’s a Damon vehicle or another maker’s vehicle.”
We believe our Damon I/O connected vehicle strategy will allow for multiple, high-margin revenue opportunities beyond vehicle sales:
- OEM Licensing: Offering a turnkey solution for manufacturers to fast-track their entry into the connected vehicle market with advanced safety and telematics.
- Commercial Fleet Solutions: Providing data, predictive maintenance, remote diagnostics, and risk modeling for logistics and last-mile delivery services.
- Consumer Subscriptions: Powering features like navigation, ride analytics, and the patented CoPilot™ 360° collision warning system.
- AI-Powered Data Services: Creating new opportunities for mobility planning, insurance partners, and emergency responders.
This B2B and B2C strategy positions Damon at the intersection of two key industries: Consumer EV Personal Mobility and Connected Vehicle Technology. The Damon I/O platform is designed to grow smarter as more Damon I/O powered vehicles hit the road, creating a powerful network effect that continuously expands its value and competitive advantage.
“No one else in the category is combining integrated safety, performance, and connected intelligence the way Damon is,” continued Mr. Kwong. “Traditional OEMs are structured to build mechanical machines and struggle with deep software integration. We believe Damon I/O is the solution. It is a modular and extensible platform designed for partners seeking to modernize their fleets and offer the safer, smarter experiences that today’s customers demand.”
For more information about Damon’s vision for a connected mobility future and to learn about the investment opportunity, please visit Invest.Damon.com
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