Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-Q/A
Source: 0001731122-25-000250
Chunk: 42

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-Q/A
Chunk 42
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 of March 31, 2024 there were zero shares of 0Preferred
Stock outstanding.

Common Stock Issuances

Between July 28, 2023 and September
28, 2023, the Company issued 2,000,000 shares of Common Stock for consulting services.

On October 23, 2023 the
Company issued 1,000,000
shares of Common Stock for advisory services to Avram Miller, a member of the Company’s board of directors.

On December 4, 2023 the Company
issued 525,945 shares of Common Stock pursuant to warrants exercised for cash proceeds of $341,865.

On February 13, 2024 the Company issued 70,834,183shares of Common Stock pursuant to the Stock Purchase Agreement of Renovaro Cube.

On February 13, 2024 pursuant
to the acquisition of Renovaro Cube, the 561,010 shares of Preferred Stock were converted into an aggregate of 5,610,100 shares of Common
Stock.

On February 15, 2024 the Company closed a private placement of 344,827shares of Common Stock, $ 0.0001par value, at $2.90 per share for aggregate proceeds to the Company of $ 1,000,000in cash.

On February 15, 2024 the Company
issued 50,000 shares of Common Stock for consulting services.

On February 16, 2024, the Company
recognized 3,425,399 shares of common stock to be issued in settlement of the contingent consideration as a result of the Company’s
acquisition of GEDi Cube Intl Ltd. As further described in Note 12.

23

RENOVARO INC. AND SUBSIDIARIES
NOTES TO UNAUDITED RESTATED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 — STOCKHOLDERS’ EQUITY (Continued)

On February 20, 2024, 2,953,700
warrants outstanding were exercised ranging from $0.53 to $0.65 per share and the aggregate $1,750,000 of a promissory note held by the
holder was applied to the exercise price of the warrants (see Note 8).

On February 20, 2024, 471,699
warrants outstanding were exercised ranging at $0.53 per share and $250,000 of a promissory note held