Damon Inc. Hit With T12 Trading Halt

Damon Inc. Hit With T12 Trading Halt Amid Financial Turmoil and Delisting Fears

May 7, 2025

Damon Inc. (NASDAQ: DMN), a company known for its work in the electric motorcycle and mobility sector, is under intense scrutiny following a T12 trading halt initiated by Nasdaq on April 29. The halt, which suspends trading until key information is provided to the exchange, comes as the company faces the possibility of being delisted.

The move follows a dramatic collapse in Damon’s stock price, which has plummeted over 99% in 2025 alone, falling to just $0.01 per share. The crash places Damon Inc. in violation of Nasdaq’s minimum bid requirement and raises red flags about the company’s future on the exchange.

Compounding the situation, Damon recently closed a highly dilutive public offering worth $16.5 million mid-April. The financing involved nearly 127 million units priced at just $0.13 each, with each unit including a share and a warrant. While this may have provided short-term capital, it sparked outrage among shareholders who view the move as deeply dilutive and potentially destructive to existing equity value.

Damon is now preparing for a key hearing on May 20 before the Nasdaq Hearings Panel, where executives will attempt to justify their plan to regain compliance and retain their listing. Until then, trading remains frozen, and investors are left in limbo.

Beyond Damon Inc.’s internal struggles, the situation underscores a broader concern in the markets: the apparent lack of accountability and oversight. While companies like Damon are halted and scrutinized, many retail investors are pointing to what they see as unchecked market manipulation by larger institutional players. With limited transparency and action from regulatory bodies like the SEC, FINRA, and the DTC, questions are mounting about whose interests are truly being protected. In an era of high-frequency trading, algorithmic influence, and shadowy short selling, the Damon Inc. halt is just one example of how broken the system may be for everyday investors.