Company: LNAI
Filing Date: 2025-07-18
Form Type: PRE 14A
Source: 0001731122-25-000995
Chunk: 21

Company: Lunai Bioworks Inc.
Filing Date: 2025-07-18
Form: PRE 14A
Chunk 21
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may determine to abandon the Reverse Split Amendment, in which case the Reverse Split will not occur.

Treatment of Fractional Shares

No fractional shares will
be issued in connection with the Reverse Stock Split; rather, any fractional share resulting from the Reverse Stock Split will be rounded
up to the next whole number.

Record and Beneficial Stockholders

If the Reverse Split is authorized
by our stockholders and our Board elects to implement the Reverse Split, stockholders of record holding some or all of their shares of
common stock electronically in book-entry form under the direct registration system for securities will receive a transaction statement
at their address of record indicating the number of shares of common stock they hold after the Reverse Split along with payment in lieu
of any fractional shares. Non-registered stockholders holding common stock through a bank, broker or other nominee should note that such
banks, brokers or other nominees may have different procedures for processing the consolidation and making payment for fractional shares
than those that would be put in place by us for registered stockholders. If you hold your shares with such a bank, broker or other nominee
and if you have questions in this regard, you are encouraged to contact your nominee.

If the Reverse Split is authorized
by the stockholders and our Board elects to implement the Reverse Split, stockholders of record holding some or all of their shares in
certificate form will receive a letter of transmittal, as soon as practicable after the effective date of the Reverse Split. Our transfer
agent will act as “exchange agent” for the purpose of implementing the exchange of stock certificates. Holders of pre-Reverse
Split shares will be asked to surrender to the exchange agent certificates representing pre-Reverse Split shares in exchange for post-Reverse
Split shares and payment in lieu of fractional shares (if any) in accordance with the procedures to be set forth in the letter of transmittal.
Until surrender, each certificate representing shares before the Reverse Split would continue to be valid and would represent the adjusted
number of whole shares based on the approved exchange ratio of the Reverse Split selected by our Board. No new post-Reverse Split share
certificates will be issued to a stockholder until such stockholder has surrendered such stockholder’s outstanding certificate(s)
together with the properly completed and executed letter of transmittal to the exchange agent.

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STOCKHOLDERS SHOULD NOT DESTROY ANY PRE-SPLIT STOCK CERTIFICATE AND

SHOULD NOT SUBMIT ANY CERTIFICATES U