Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 71

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 71
---
 could harm our business.

We have
experienced significant turnover in our executive leadership and management in recent years. Changes to strategic or operating goals,
which oftentimes occur with the appointment of new executives and board members, can create uncertainty, may negatively impact our ability
to execute quickly and effectively, and may ultimately be unsuccessful. In addition, executive leadership transition periods are often
difficult as the new executives gain detailed knowledge of our operations, and friction can result from changes in strategy and management
style. Management turnover inherently causes some loss of institutional knowledge, which can negatively affect strategy and execution.
Until we integrate new personnel, and unless they are able to succeed in their positions, we may be unable to successfully manage and
grow our business, and our financial condition and ability to become profitable may suffer.

As we
continue our exploration of strategic alternatives, we may experience additional turnover in our board and senior management. Departures
of our management team and board members have created, and will create if they continue, significant continuity risks and challenges to
our ability to operate our business, assess and manage risks and comply with applicable laws. If key members of our senior management
team depart, it will be important that we attract and retain qualified managers promptly and develop and implement an effective succession
plan. We expect to face significant competition in attracting experienced executives and other key personnel, and there can be no assurance
that we will be able to do so. Further, to the extent we experience additional management turnover, competition for top management is
high and it may take months to find a candidate that meets our requirements. If we are unable to attract and retain qualified management
personnel, our business could suffer.

We also
experience competition for the hiring of scientific and clinical personnel from universities and research institutions. Further, inflationary
pressure may increase our costs, including employee compensation costs or result in employee attrition to the extent our compensation
does not keep up with inflation, particularly if our competitors' compensation does.

Renovaro Cube is highly dependent on its key personnel. If Renovaro Cube is not successful in attracting, motivating and retaining highly qualified personnel, it may not be able to successfully implement its business strategy.

Renovaro
Cube’s ability to compete in the highly competitive AI-driven healthcare technology industry depends upon its ability to attract,
motivate and retain highly qualified personnel. Renovaro Cube is highly dependent on its executive management team and its scientific,
medical, technological and engineering personnel, all of whom have been working together as a group for