Core Insights - Damon Inc. has completed the sale of 100% of its wholly owned UK subsidiary, Grafiti Limited, to Grafiti LLC, focusing on its core operations in the electric personal mobility sector [1] - The company recently announced a $30 million Reg A+ offering to advance its personal mobility products and AI-enabled connected vehicle strategy [1] - Ms. Melanie Figueroa has resigned from the Board, with no indication of disagreement with the Company [1] Company Overview - Damon Inc. designs and develops personal mobility products and technology solutions, integrating AI-enabled safety systems and smart electrification [3] - The company operates across four potential revenue verticals: Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects [3] - Damon aims to capture a significant share of the $200 billion global two-wheeler market by 2032 [3] Strategic Focus - The divestiture of Grafiti Limited is part of Damon's strategic focus on delivering long-term value to shareholders [1] - The company emphasizes accessible mobility solutions while leveraging proprietary AI-enabled safety systems and intelligent energy management technology [3]