Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 82

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 82
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 Common Stock or Common Stock-related securities, together with the exercise of outstanding options
or warrants, and any additional shares that may be issued in connection with acquisitions or licenses, if any, may result in material
dilution to our investors. Such sales may also result in material dilution to our existing stockholders, and new investors could gain
rights, preferences, and privileges senior to those of holders of our Common Stock. Pursuant to our equity incentive plans, our Compensation
Committee is authorized to grant equity-based incentive awards to our employees, non-employee directors and consultants. Future grants
of RSUs, options and other equity awards and issuances of Common Stock under our equity incentive plans will result in dilution and may
have an adverse effect on the market price of our Common Stock.

Some terms of our charter documents and Delaware law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our stockholders and may prevent attempts by our stockholders to replace or remove our current management.

Our Certificate of Incorporation,
and our Bylaws, as well as Delaware law, could make it more difficult for a third party to acquire us or increase the cost of acquiring
us, even if doing so would benefit our stockholders, or remove our current management. These include terms that:

| ● | permit our Board of Directors                                                                                                         
 to issue up to 10,000,000 shares of preferred stock, with any rights, preferences, and privileges as they may designate;              |
| ● | provide that all vacancies                                                                                                            
 on our Board of Directors, including as a result of newly created directorships, may, except as otherwise required by law, be filled  
 by the affirmative vote of a majority of directors then in office, even if less than a quorum;                                        |
| ● | provide that stockholders                                                                                                             
 seeking to present proposals before a meeting of stockholders or to nominate candidates for election as directors at a meeting of     
 stockholders must provide advance notice in writing, and also specify requirements as to the form and content of a stockholder’s      
 notice; and                                                                                                                           |
| ● | do not provide for cumulative                                                                                                         
 voting rights, thereby allowing the holders of a majority of the shares of Common Stock entitled to vote in any election of directors 
 to elect all of the directors standing for election.                                                                                  |

Any of the factors listed above
may frustrate or prevent any attempts by our stockholders to replace or remove our current management