Damon Inc. Shares Plunge 65.29% Amid Delisting Risk

Damon Inc. (DMN) shares plummeted 65.29% in a single trading session, marking a three-day consecutive decline with a cumulative drop of 71.03%. The stock price hit a record low today, with an intraday decline of 100.00%.

Damon Inc. is currently facing the risk of being delisted from the Nasdaq Global Market due to its common shares falling below the required threshold. This situation has created negative sentiment among investors, leading to a potential decrease in stock value. The delisting risk, combined with the recent significant price drops, has contributed to the negative momentum in Damon Inc.'s stock performance.

Despite the current challenges, Damon Inc. is scheduled to present at the Planet Microcap Showcase on April 23, 2025. This event could provide an opportunity for the company to communicate its strategic initiatives and potential growth prospects to investors, potentially influencing stock performance positively. The presentation may help to alleviate some of the negative sentiment surrounding the company and provide a clearer picture of its future direction.