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Damon Inc. Soars 35.71% on California ZEM Mandates

Generated by AI AgentAinvest Movers Radar

Thursday, Apr 3, 2025 9:30 am ET1min read

On April 3, 2025, Damon Inc.DMN-- (NASDAQ: DMN) experienced a significant surge, rising by 35.71% in pre-market trading, reflecting a notable increase in investor interest and market activity.

Damon Inc. recently announced a new revenue opportunity stemming from California's Zero-Emission Motorcycle (ZEM) mandates. This development is expected to open up new avenues for the company, potentially driving future growth and profitability.

Additionally, DamonDMN-- Inc. has terminated several loan agreements with key partners, including Braebeacon Holdings Inc. and East West Capital, LLC. This strategic move is aimed at optimizing the company's financial structure and focusing on core business operations.

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