# EDGAR Filing Document

**Accession Number:** 0002000640
**File Stem:** 0001213900-25-086289
**Filing Date:** 2025-9
**Character Count:** 9276
**Document Hash:** 674da7705f830219bad26bffaaaab0c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-086289.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001213900-25-086289

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250909

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Damon Inc.
- **CENTRAL INDEX KEY:** 0002000640
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTORCYCLES, BICYCLES & PARTS [3751]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 704 ALEXANDER STREET
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6A 1E3
- **BUSINESS PHONE:** 4087022167

**MAIL ADDRESS:**
- **STREET 1:** 704 ALEXANDER STREET
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6A 1E3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Grafiti Holding Inc.
- **DATE OF NAME CHANGE:** 20231109

![](image_001.jpg)

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| Reply to the Attention of: | Michael Shannon |
| Direct Line: | 604.893.7638 |
| Email Address: | michael.shannon@mcmillan.ca |
| Our File No.: | 1022049-318311 |
| Date: | September 9, 2025 |

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**Division of Corporation Finance**

Office of Manufacturing

U.S. Securities & Exchange Commission<br> 100 F Street, NE<br> Washington, D.C. 20549

<u>Attention: Division of Corporation Finance</u>

Dear Sirs/Mesdames:

Re: Damon Inc.<br> Amendment No. 1 to Offering Circular on Form 1-A<br> Filed on August 26, 2025<br> File No. 024-12643<br> <u>Response Letter to SEC Comments on September 5, 2025</u>

We are counsel for and write on behalf of Damon Inc. (the "**Company**") in response to the Staff's letter of September 5, 2025 (the "**Comment Letter**") from the Division of Corporation Finance, Office of Manufacturing, of the United States Securities and Exchange Commission (the "**Commission**") with respect to the Company's Amendment No. 1 to Offering Circular on Form 1-A filed on August 26, 2025.

On behalf of the Company, we provide below the Company's response to the comment made in the Comment Letter. We confirm that the factual information provided herein relating to the Company has been made available to us by the Company.

<u>Commission Comment:</u>

*<u>Amendment No. 1 to Form 1-A</u>*

*<u>General</u>*

1, We note your response to prior comment 1 and reissue in part. Please revise your risk factor and other disclosure to also discuss the forums selection provision found in your subscription agreement.

McMillan LLP \| Royal Centre, 1055 W. Georgia St., Suite 1500, Vancouver, BC, Canada V6E 4N7 \| t 604.689.9111 \| f 604.685.7084

Lawyers \| Patent & Trademark Agents \| Avocats \| Agents de brevets et de marques de commerce

Vancouver \| Calgary \| Toronto \| Ottawa \| Montréal \| mcmillan.ca

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| ![](image_001.jpg) | September 9, 2025 <br> Page 2 |

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**<u>Company Response</u>:**

**We confirm, on behalf of the Company, that the Company has added the following paragraph to its risk factor on page 19 and to the section on "Forum Selection" under the Description of Securities on page 138 to discuss the forums selection provision found in the Company's subscription agreement:**

"The subscription agreement that each investor in this Offering must complete contains a forum selection provision that any action, proceeding or claim against either party thereto arising out of or based upon the subscription agreement shall be brought and enforced in the courts of the United States District Court for the Southern District of New York located in the Borough of Manhattan, or if the United States District Court for the Southern District of New York located in the Borough of Manhattan lacks subject matter jurisdiction, the state courts in New York County, New York, and the parties irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive. The parties thereby waive, and agree not to asset, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that the subscription agreement or the subject matter thereof may not be enforced in or by such court."

<u>Commission Comment:</u>

*<u>Cover Page</u>*

2. Please revise your cover page to disclose the maximum offering amount for all of the shares you are seeking
to qualify, including the aggregate value of the bonus shares. Please refer to note to paragraph (a) of Rule 251 of Regulation A.

**<u>Company Response</u>:**

**We confirm, on behalf of the Company, that the Company has revised the disclosure on the cover page to disclose the maximum offering amount for all of the shares the Company is seeking to qualify, including the aggregate value of the bonus share, and which also includes the investor processing fee, being a total of $73,200,000.**

<u>Commission Comment:</u>

3. Please revise your table on the cover page to include all of the securities offered by the company, including
the bonus units and the value of the securities purchased in the offering.

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| ![](image_001.jpg) | September 9, 2025 <br> Page 3 |

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**<u>Company Response:</u>**

**We confirm, on behalf of the Company, that the Company has revised the table on the cover page to include all of the securities offered by the Company, including the bonus units and the value of the securities purchased in the offering as follows:**

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|:---|:---|:---|:---|
|  | **Price to Public (Offering)** | **Underwriting<br> Discount and<br> Commissions <sup>(1)</sup>** | **Proceeds to Company before Expenses<sup>(2)</sup>** |
| Price per Unit | $0.10 | $0.0045 | $0.0955 |
| Bonus Units |  |  |  |
| Investor Processing Fee: | $0.002<sup>(3)</sup> |  | $600000 |
| Price Per Unit Plus Investor Processing Fee: | $0.102 |  |  |
| Total Maximum (with Investor Processing Fees): | $30600000 | $1850500<sup>(1) (4)</sup> | $28749500 |
| Total Maximum Including Value of Bonus Shares, Shares underlying Warrants, Shares underlying Bonus Warrants and Investor Processing Fee | 73200000<sup>(5)</sup> | 1850500<sup>(5)</sup> | 71349500<sup>(5)</sup> |

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**In addition, we confirm, on behalf of the Company, that the Company has added the following footnote (5) to the table on the cover page:**

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| "(5) | While the Company will not receive any additional consideration for the Bonus Shares or Bonus Warrants issued as part of this Offering (the Bonus Units actually act as a discount to the effective price per Unit as explained in more detail in the section titled "*Plan of Distribution*"), pursuant to Rule 251(a) the total value of the Offering, as reflected here and in Part I of the Offering Statement of which this Offering Circular is part, is approximately $73,200,000 composed of approximately $28,749,500 in actual proceeds to the Company from investors (which includes the Investor Processing Fee), approximately 1,850,500 for the maximum amount the Company would have to pay to the Broker in case of a fully subscribed offering (which includes the Investor Processing Fee), the value of the Bonus Shares of approximately $3,000,000, the value of the Shares underlying Warrants of approximately $36,000,000, the value of the Shares underlying the Bonus Warrants of approximately $3,600,000. This full amount of approximately $73,200,000 is the total amount the Company is offering towards its annual $75 million offering cap under Rule 251(a)(2)." |

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<u>Commission Comment:</u>

*<u>Part I</u>*

*<u>Item 4. Summary Information Regarding the Offering and Other Current or Proposed Offerings, page I-4</u>*

4. Please revise the amounts entered into Part I, Item 4 to reflect the aggregate amount of shares you are
seeking to qualify, including the bonus shares and common shares underlying the units.

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| ![](image_001.jpg) | September 9, 2025 <br> Page 4 |

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**<u>Company Response:</u>**

**We confirm, on behalf of the Company, that the Company has revised the amount entered into Part I, Item 4 to reflect the aggregate amount of shares that the Company is seeking to qualify, including the bonus shares and common shares underlying the units, which is 660,000,000 shares having an aggregate offering price attributable to the securities being offered of $72,600,000, which does not include the investor processing fee.**

On behalf of the Company we sincerely hope and trust that the foregoing is satisfactory in this matter and responsive to the Commission's Comment Letter, which the Company has found helpful; however, should the Commission have any further comments or questions arising from the same please do not hesitate to contact the writer (at (604) 893-7638 or email: michael.shannon@mcmillan.ca) at any time.

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|:---|
| Yours very truly, |
| */s/ Michael Shannon* |
| Michael Shannon\* |
| for **<u>McMillan LLP</u>** |

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<u>Enclosure</u>

cc: The Company; Attention: Dom Kwong

\*Law Corporation