Now that Damon Motors has logged over 85 million US dollars in pre-production reservations for their safety-focused, 200/200/200 HyperSport (200hp / 200mph / 200 miles of range), the company has officially announced a new lean that will help carry their intent to a listing on the stock market.
According to Damon’s recent press release (published to BusinessWire), the new reverse merger will combine Damon with Inpixon Ltd., blending both marques in anticipation of a debut to NASDAQ.
What does this mean for Damon?
From what we understand, this new move means more funds for the company, with highs and lows shared by Inpixon; we’ve contacted Damon for clarity on the matter, so standby on the response.
Meanwhile, we’ve got solid evidence that Inpixon’s excited to move forward with the merger:
We’re thrilled to partner with Damon on their journey and to provide our shareholders an additional opportunity to maximize shareholder value. Damon has achieved some remarkable innovations and generated an impressive level of demand and enthusiasm.”
We’re excited for Damon and its growing community of future Damon riders.”
– Nadir Ali, CEO, Inpixon Ltd.
What do you think this new chapter means for Damon Motors?
Let us know what you think, and as ever – stay safe on the twisties.