Company: CMND
Filing Date: 2025-01-22
Form Type: POS AM
Source: 0001213900-25-005519
Chunk: 27

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: POS AM
Chunk 27
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 which the person became                                       
 an interested stockholder, approves (a) the business combination or (b) the transaction in                                          
 which the stockholder becomes an interested stockholder; (ii) upon consummation of the transaction                                  
 which resulted in the stockholder becoming an interested stockholder, the interested stockholder                                    
 owned at least 85% of the voting stock of the corporation outstanding at the time the transaction                                   
 commenced; or (iii) the board of directors and the holders of at least two-thirds of the                                            
 outstanding voting stock not owned by the interested stockholder approve the business combination                                   
 on or after the time of the transaction in which the person became an interested stockholder.                                       
 For the purpose of Section 203, the DGCL, subject to specified                                                                      
 exceptions, generally defines an interested stockholder to include any person who, together with that person’s affiliates or        
 associates, (i) owns 15% or more of the outstanding voting stock of the corporation (including any rights to acquire stock pursuant 
 to an option, warrant, agreement, arrangement or understanding, or upon the exercise of conversion or exchange rights, and stock    
 with respect to which the person has voting rights only), or (ii) is an affiliate or associate of the corporation and owned 15% or  
 more of the outstanding voting stock of the corporation at any time within the previous three years.                                |     | The BCBCA does                                                                                       
 not contain a provision comparable to Section 203 of the DGCL with respect to business combinations. |

| Appraisal                 
 Rights; Rights to Dissent |     | Under the DGCL,                                                                                                                          
 a stockholder of a corporation participating in some types of major corporate transactions may, under varying circumstances, be entitled 
 to appraisal rights pursuant to which the stockholder may receive cash in the amount of the fair market value of his or her shares       
 in lieu of the consideration he or she would otherwise receive in the transaction.   For example, a stockholder is entitled              
 to appraisal rights in the case of a merger or consolidation if the shareholder is required to accept in exchange for the shares         
 anything other than: (i) shares of stock of the corporation surviving or resulting from the merger or consolidation, or depository       
 receipts in respect thereof; (ii) shares of any other corporation, or depository receipts in respect thereof, that on the effective      
 date of the merger or consolidation will be either listed on a national securities exchange or held of record by more than 2,