SCHEDULE 13G: Ayrton Capital and Affiliates Disclose 9.99% Stake in Damon Inc.

Ayrton Capital LLC, Alto Opportunity Master Fund, and Waqas Khatri have jointly disclosed a 9.99% beneficial ownership stake in Damon Inc., comprising common shares and warrants.

Summary

• Ayrton Capital LLC, Alto Opportunity Master Fund, SPC Segregated Master Portfolio B, and Waqas Khatri (collectively, the "Reporting Persons") have filed a Schedule 13G disclosing beneficial ownership of Damon Inc.
• The Reporting Persons collectively beneficially own 17,075,660 common shares of Damon Inc.
• This ownership represents 9.99% of Damon Inc.'s outstanding common stock.
• The total beneficial ownership includes 4,467,560 shares of common stock directly held and 12,608,100 shares issuable upon the exercise of certain warrants.
• The warrants are subject to a 9.99% beneficial ownership blocker.
• The percentage of class is calculated based on 158,319,728 shares of common stock outstanding as of March 21, 2025, as reported in Damon Inc.'s 424B4 filing.
• The holdings reported are as of March 31, 2025.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Damon Inc., except for activities solely related to a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain explicit positive or negative sentiment regarding the issuer's performance or prospects. It is a neutral regulatory filing.

Positives

• A significant institutional investor (Ayrton Capital LLC, through Alto Opportunity Master Fund) has taken a substantial stake in Damon Inc., potentially signaling confidence in the company.
• The investment includes both direct share holdings and warrants, indicating a long-term interest or strategic position.

Negatives

• The 9.99% beneficial ownership blocker on warrants suggests a deliberate effort to stay below a 10% threshold, which might limit the reporting persons' ability to exert greater influence or could be a regulatory compliance measure.

Risks

• The beneficial ownership of warrants is subject to a 9.99% blocker, meaning the full exercise of warrants might be limited if it pushes ownership above this threshold, potentially impacting the reporting persons' full economic interest or control.

Future Outlook

The document does not provide specific forward-looking statements or guidance from Damon Inc. or the reporting persons regarding future performance or strategic direction, beyond the statement that the securities are held in the ordinary course of business.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11."

Industry Context

This filing is a standard disclosure of a significant ownership stake by an investment manager and its fund. It does not provide broader industry trends or competitive analysis, focusing solely on the beneficial ownership of Damon Inc. shares.

Comparison to Industry Standards

• The document does not provide specific comparable companies, projects, or results to assess the reported ownership in the context of global benchmarks. It is a factual disclosure of a beneficial ownership position.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake could be viewed positively by existing shareholders, potentially signaling confidence or attracting further institutional interest.

Next Steps

• The document does not explicitly state any future actions, events, or milestones for Damon Inc. or the reporting persons, beyond the ongoing holding of the disclosed securities.

Key Dates

Keywords

Damon Inc., Ayrton Capital LLC, Alto Opportunity Master Fund, Waqas Khatri, Schedule 13G, Beneficial Ownership, Common Shares, Warrants, SEC Filing, Institutional Investor, Equity Stake