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Damon Motors, Inc. to merge with Grafiti Holding Inc. for business combination

TAKEN PRIVATEMay 28, 2024

Acquiring Company

Damon

Acquired Company

Grafiti Holding

SloughManufacturingInformation TechnologySoftwarePrivacy And SecurityAutomotivePublic SafetyConsulting

Description

XTI Aerospace, Inc. provides an update on the spin-off distribution and the proposed business combination between its former subsidiary Grafiti Holding Inc. and Damon Motors, Inc. The Business Combination aims to leverage Damon Motors, Inc.'s HyperSport electric motorcycle and is expected to list on the Nasdaq Stock Market pending the necessary regulatory approvals.

Quick answer

Damon is acquiring Grafiti Holding, announced May 28, 2024.

How much did Damon pay for Grafiti Holding?
The deal value was not disclosed.
What does Damon do?
Damon Inc. is a manufacturer of high-tech, high-performance motorcycles designed to be safer, smarter, and cleaner.
Where are Damon and Grafiti Holding based?
Grafiti Holding is based in Slough, England, United Kingdom.
Who are the decision-makers at Damon?
Fundz holds 2 contacts at Damon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Damon

About

Damon Inc. is a manufacturer of high-tech, high-performance motorcycles designed to be safer, smarter, and cleaner. Their flagship product, the HyperSport electric motorcycle, boasts impressive specifications including 200 horsepower, top speeds of 200 mph, and a range of 200 miles on a single charge. The company aims to redefine the two-wheeled EV market with innovative safety technologies. Damon Inc. is led by experienced entrepreneurs and aims to set new standards for motorcycle safety and sustainability.

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Related People

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Frequently asked

Who acquired Grafiti Holding?

Grafiti Holding was acquired by Damon. The deal was reported on May 28, 2024. Damon Inc. is a manufacturer of high-tech, high-performance motorcycles designed to be safer, smarter, and cleaner. Damon is privately held and operates in Manufacturing.

When did Damon acquire Grafiti Holding?

Damon's acquisition of Grafiti Holding was reported on May 28, 2024. XTI Aerospace, Inc. provides an update on the spin-off distribution and the proposed business combination between its former subsidiary Grafiti Holding Inc. and Damon Motors, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Grafiti Holding do?

It is privately held, operating in Consulting, and is based in Slough.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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