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CFO change at Damon Inc. (OTC: DMNIF) as company adopts foreign issuer reporting

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6-K

Rhea-AI Filing Summary

Damon Inc. reports a leadership change and confirms its regulatory status. Bal Bhullar resigned as Chief Financial Officer and Director effective February 9, 2026, and the company appointed long‑time consultant Dino Mariutti as Interim CFO. Damon also determined that, as of December 31, 2025, it continued to qualify as a foreign private issuer under U.S. securities laws and will now use the reporting regime for such issuers, filing annual reports on Form 20‑F and ongoing disclosures on Form 6‑K. The accompanying press release highlights Damon’s focus on AI‑driven electric motorcycles and other mobility products and reiterates significant business risks, including a history of losses, need for financing, going‑concern uncertainty, effects of its delisting from Nasdaq, competitive pressures, and broader macroeconomic and geopolitical challenges.

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Damon discloses a CFO transition and shifts fully into foreign private issuer reporting.

The company announces that CFO and Director Bal Bhullar resigned effective February 9, 2026, and long‑time advisor Dino Mariutti becomes Interim CFO. This is framed as a leadership transition, with Mariutti already familiar with Damon through advisory work since 2017.

Damon also confirms that, as of December 31, 2025, it meets the U.S. definition of a foreign private issuer. It plans to file annual reports on Form 20‑F and current information on Form 6‑K, aligning disclosures with the foreign issuer framework.

The press release reiterates substantial risk factors already associated with Damon, including a history of losses, the need for adequate financing, its ability to continue as a going concern, and the impact of a recent Nasdaq delisting. It also cites competitive, regulatory, macroeconomic, and geopolitical risks that could affect execution of its mobility strategy.

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2026

 

Commission File No. 001-42190

 

DAMON INC.
(Translation of registrant's name into English)

 

4601 Canada Way, Suite #402
Burnaby, BC, Canada V5G 4X7
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F  ☒ Form 40-F  ☐

 

 

 

 

 

 

Damon Inc. (the “Company”) recently received the resignation of Bal Bhullar as the CFO and a Director of the Company effective as of February 9, 2026, and the Company has appointed Dino Mariutti, a current contract consultant to the Company, as the interim Chief Financial Officer of the Company.

 

The Company has determined that as at December 31, 2025, it continued to satisfy the definition of “foreign private issuer” under the rules and regulations of the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934, as amended. As a result, the Company has decided to begin using the forms and rules designated for foreign private issuers, and will begin filing with the U.S. Securities and Exchange Commission Annual Reports on Form 20-F and Reports of Foreign Private Issuer on Form 6-K.

 

SUBMITTED HEREWITH

 

Exhibits  
99.1 News Release dated February 9, 2026

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  DAMON INC.
   
  By: /s/ Dominique Kwong
  Name: Dominique Kwong
  Title: Chief Executive Officer
     
Date: February 9, 2026  

 

 

2

 

 

 

Exhibit 99.1

 

Damon Inc. Announces CFO Transition

 

Vancouver, British Columbia – (Newsfile Corp. - February 9, 2026) - 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, has appointed Dino Mariutti, a current contract consultant to the Company, as Interim Chief Financial Officer. He succeeds Bal Bhullar, who informed the Company of her resignation to pursue new opportunities. Ms. Bhullar joined Damon in February 2024.

 

“We are pleased to welcome Dino as Interim CFO,” said Dominique Kwong, CEO of Damon, Inc. “Dino has worked closely with Damon since 2017 and brings deep operational and financial insight to the Company.”

 

Dino Mariutti is an entrepreneur and senior advisor with over 17 years of experience supporting innovative companies across mobility, technology, and advanced manufacturing. Mr. Mariutti serves as a contract consultant to Damon Inc. and has worked with Damon in various capacities since 2017. Mr. Mariutti has founded and led multiple ventures, including IRIS Heads Up Display, an automotive safety technology company featured in The New York Times. He has held senior operational and advisory roles at international engineering and manufacturing firms. He holds an MBA from UCL School of Management, completed executive finance education at Saïd Business School, University of Oxford, and has formal training in computer science and mechanical manufacturing engineering from the British Columbia Institute of Technology.

 

The Company has determined that, as at December 31, 2025, it continued to satisfy the definition of “foreign private issuer” under the rules and regulations of the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934, as amended. As a result, the Company has decided to begin using the forms and rules designated for foreign private issuers, and will begin filing with the U.S. Securities and Exchange Commission Annual Reports on Form 20-F and Reports of Foreign Private Issuer on Form 6-K.

 

About Damon

 

Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals - Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects – Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 20301. The company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics and engineering expertise, while seeking to enter into strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit www.damon.com.

 

Investor Relations Contact:

 

James Carbonara

646.755.7412

James@haydenir.com

 

 

 

 

FORWARD LOOKING STATEMENTS

 

This press release, including any materials referenced herein, contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”) that reflect current expectations and projections of Damon Inc. (“Damon”) about its future development. When used in this press release, forward-looking statements can be identified by the use of words such as “may,” or by such words as “will,” “intend,” “believe,” “estimate,” “consider,” “expect,” “anticipate,” and “objective” and similar expressions or variations of such words. Forward-looking statements are, by their nature, not guarantees of Damon’s future operational or financial performance and are subject to risks and uncertainties and other factors that could cause Damon’s actual results, performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. No representation or warranty is intended with respect to anticipated future results, or that estimates, or projections will be sustained.

 

In developing the forward-looking statements in this press release, we have applied several material assumptions, including the general business and economic conditions of the industries and countries in which Damon operates, and general market conditions. Many risks, uncertainties, and other factors could cause the actual results of Damon to differ materially from the results, performance, achievements, or developments expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our history of losses, our ability to implement our growth strategy, generate revenue and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, impact of our recent delisting from Nasdaq, our ability to establish and sustain an active trading market on an over-the-counter market maintained by OTC Markets Group Inc., customer demand for or acceptance of our products and services, our ability to enter into strategic partnerships with OEMs and Tier 1 suppliers, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and services and secure strategic supply, manufacturing, licensing and distribution arrangements, our ability to protect our intellectual property, our ability to protect user data and user information, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to escalating tariff and non-tariff trade measures imposed by the United States and other countries, increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine, Israel/Hamas and Iran, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission.

 

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the press release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, events may differ materially from current expectations. Damon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required pursuant to applicable securities law. All forward-looking statements contained in the press release are expressly qualified in their entirety by this cautionary statement. 

 

 

 

 

 

FAQ

What executive leadership change did Damon Inc. (DMNIF) announce?

Damon Inc. announced that CFO and Director Bal Bhullar resigned effective February 9, 2026. The company appointed Dino Mariutti, a long‑time contract consultant who has worked with Damon since 2017, as Interim Chief Financial Officer to oversee finance functions during the transition.

Who is Damon Inc.’s new Interim CFO and what is his background?

Damon Inc. named Dino Mariutti as Interim CFO. He is an entrepreneur and senior advisor with over 17 years’ experience in mobility, technology, and advanced manufacturing, has worked with Damon since 2017, founded IRIS Heads Up Display, and holds an MBA from UCL School of Management with additional finance and engineering training.

What regulatory reporting status did Damon Inc. (DMNIF) confirm?

Damon Inc. confirmed that, as of December 31, 2025, it continued to qualify as a foreign private issuer under U.S. securities laws. As a result, it will file Annual Reports on Form 20‑F and Reports of Foreign Private Issuer on Form 6‑K with the U.S. Securities and Exchange Commission.

What business does Damon Inc. (DMNIF) focus on in this update?

Damon Inc. describes itself as a designer and developer of personal mobility products, including electric motorcycles. Its strategy integrates AI‑driven safety systems, smart electrification, and user‑driven design across four potential revenue verticals: Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects.

What major risks to Damon Inc.’s business are highlighted?

The company notes significant risks, including a history of losses, ability to obtain financing, its ability to continue as a going concern, impact of its recent delisting from Nasdaq, reliance on customer demand and strategic partnerships, intense competition, regulatory changes, supply chain challenges, cybersecurity threats, and geopolitical conflicts.

How does Damon Inc. describe its market opportunity in electric mobility?

Damon believes it is positioned to capture a significant share of the approximately $40B global electric two‑wheeler market by 2030. It aims to differentiate through an integrated ecosystem combining advanced data analytics, engineering expertise, AI‑driven safety, and intelligent energy management for urban and business mobility solutions.

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