SCHEDULE 13G/A: S.H.N. Financial Investments Ltd. Divests Entire Stake in Damon, Inc.

S.H.N. Financial Investments Ltd. has filed an amended Schedule 13G, indicating it no longer beneficially owns shares of Damon, Inc., reducing its stake from a previously reported 16.3 million shares to zero.

Summary

• S.H.N. Financial Investments Ltd. filed an Amendment No. 1 to its Schedule 13G for Damon, Inc.
• The filing indicates that S.H.N. Financial Investments Ltd. now beneficially owns 0 shares, representing 0% of Damon, Inc.'s common stock.
• This amends a previous Schedule 13G filed on March 25, 2025, which reported beneficial ownership of 16,295,179 shares purchased on March 21, 2025.
• Nir Shamir, CEO of S.H.N. Financial Investments Ltd., disclaims beneficial ownership except to the extent of his pecuniary interest.
• The securities were certified as not acquired or held for the purpose of changing or influencing control of Damon, Inc.

Sentiment

Score: 3

Explanation: The complete divestment of a significant stake by a financial institution is generally perceived as a negative signal for the issuer, Damon, Inc., as it suggests a loss of confidence or a strategic shift by the investor.

Negatives

• S.H.N. Financial Investments Ltd. has reduced its beneficial ownership in Damon, Inc. from 16,295,179 shares to 0 shares, indicating a complete divestment of its previously reported stake.

Future Outlook

NA

Management Comments

• Nir Shamir is the Chief Executive Officer of the Reporting Person. As such, Mr. Shamir may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the securities described herein. To the extent Mr. Shamir is deemed to beneficially own such securities, Mr. Shamir disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 13 and the rules thereunder.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 §§ 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: The complete divestment by a significant financial institution could lead to negative market sentiment and potentially impact Damon, Inc.'s share price due to perceived loss of investor confidence.

Key Dates

Recommendation

Keywords

Damon Inc., S.H.N. Financial Investments Ltd., Schedule 13G, beneficial ownership, common stock, divestment, SEC filing