Company: CMND
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001213900-25-112329
Chunk: 39

Company: Clearmind Medicine Inc.
Filing Date: 2025-11-19
Form: 424B5
Chunk 39
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. In response, the Security Cabinet of the State of Israel declared war against Hamas and a military campaign against these terrorist
organizations commenced in parallel to their continued rocket and terror attacks. To date, the State of Israel continues to be at war
with Hamas.

Since the war broke out on
October 7, 2023, our operations have not been adversely affected by this situation, and we have not experienced disruptions to our clinical
studies, facilities or the manufacturing or supply of our drug candidates. However, at this time, it is not possible to predict the intensity
or duration of the war, nor can we predict how this war will ultimately affect Israel’s economy in general and we continue to monitor
the situation closely and examine the potential disruptions that could adversely affect our operations.

In connection with the Israeli
security cabinet’s declaration of war against Hamas and possible hostilities with other organizations, several hundred thousand
Israeli military reservists were drafted to perform immediate military service. While none of our employees in Israel have been called
to active military duty, we rely on service providers located in Israel and have entered into certain agreements with Israeli counterparties.
Employees of such service providers or contractual counterparties may be called for service in the current or future wars or other armed
conflicts with Hamas and such persons may be absent from their positions for a period of time. As of December 22, 2023, we have not been
impacted by any absences of personnel at our service providers or counterparties located in Israel. However, military service call ups
that result in absences of personnel from us, our service providers or contractual counterparties in Israel may disrupt our operations
and absences for an extended period of time may materially and adversely affect our business, prospects, financial condition and results
of operations.

Following the attack by Hamas
on Israel’s southern border, Hezbollah, a terrorist organization in Lebanon has also launched missile, rocket, and shooting attacks
against Israeli military sites, troops, and Israeli towns in northern Israel. In response to these attacks, the Israeli army has carried
out a number of targeted strikes on sites belonging to Hezbollah in southern Lebanon. It is possible that other terrorist organizations,
including Palestinian military organizations in the West Bank, as well as other hostile countries, such as Iran, will join the hostilities.
Such hostilities may include terror and missile attacks. Any hostilities involving Israel or the interruption or curtailment of trade
between Israel and its trading partners could adversely affect our operations and results of operations