Company: CMND
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001213900-25-111233
Chunk: 54

Company: Clearmind Medicine Inc.
Filing Date: 2025-11-17
Form: 424B5
Chunk 54
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 a corporation may pay dividends out of capital surplus or, if            
 there is no surplus, out of net profits for the current and/or the preceding fiscal year in which the dividend is declared, as long         
 as the amount of capital of the corporation following the declaration and payment of the dividend is not less than the aggregate            
 amount of the capital represented by issued and outstanding shares having a preference upon the distribution of assets. Surplus is          
 defined in the DGCL as the excess of the net assets over capital, as such capital may be adjusted by the board. A Delaware corporation      
 may purchase or redeem shares of any class except when its capital is impaired or would be impaired by the purchase or redemption.          
 A corporation may, however, purchase or redeem out of capital shares that are entitled upon any distribution of its assets to a preference  
 over another class or series of its shares if the shares are to be retired and the capital reduced.                                         |     | Under the BCBCA, a company                                                                                                              
 may pay a dividend in money or other property unless there are reasonable grounds for believing that the company is insolvent, or       
 the payment of the dividend would render us insolvent. The BCBCA provides that no special rights or restrictions attached to a series   
 of any class of shares confer on the series a priority in respect of dividends or return of capital over any other series of shares     
 of the same class. Under the BCBCA, the purchase or other acquisition by a company of its shares is generally subject to solvency       
 tests similar to those applicable to the payment of dividends (as set out above). Our company is permitted, under its articles, to      
 acquire any of its Common Shares, and the approval of its board of directors. Under the BCBCA, subject to solvency tests similar        
 to those applicable to the payment of dividends (as set out above), a company may redeem, on the terms and in the manner provided       
 in its articles, any of its shares that has a right of redemption attached to it.                                                       |
| Vacancies                                  
 on Board of Director                       |     | Under the DGCL, a vacancy                                                                                                                   
 or a newly created directorship may be filled by a majority of the directors then in office, although less than a quorum, or by the         
 sole remaining director, unless otherwise provided in the certificate of incorporation or bylaws. Any newly elected director usually        
 holds office for the remainder of the full term expiring at the annual meeting of stockholders at which the term