Company: CMND
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001213900-25-111233
Chunk: 18

Company: Clearmind Medicine Inc.
Filing Date: 2025-11-17
Form: 424B5
Chunk 18
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 pre-funded warrants being offered in this offering.

There is no established public
trading market for the pre-funded warrants being offered in this offering, and we do not expect a market to develop. In addition, we do
not intend to apply to list the pre-funded warrants on any securities exchange or nationally recognized trading system. Without an active
market, the liquidity of the pre-funded warrants will be limited.

Holders of our pre-funded warrants will have no rights as holders of Common Shares until such warrants are exercised.

Until you acquire Common Shares
upon exercise of your pre-funded warrants, you will have no rights with respect to Common Shares issuable upon exercise of your pre-funded
warrants. Upon exercise of your pre-funded warrants, you will be entitled to exercise the rights of a holder of Common Shares only as
to matters for which the record date occurs after the exercise date.

The pre-funded warrants are speculative in nature.

The pre-funded warrants offered
hereby do not confer any rights of ownership of our Common Shares on their holders, such as voting rights or the right to receive dividends,
but rather merely represent the right to acquire Common Shares at a fixed price. Specifically, commencing on the date of issuance, holders
of the pre-funded warrants may acquire Common Shares issuable upon exercise of such warrants at an exercise price of $0.0001 per Common
Share. Moreover, following this offering, the market value of the pre-funded warrants is uncertain, and there can be no assurance that
the market value of the pre-funded warrants will equal or exceed their public offering price.

Part of our operations are conducted in Israel. Conditions in Israel, including the recent attack by Hamas and other terrorist organizations and Israel’s war against them, may affect our operations.

Our operations are located
in the State of Israel. In addition, certain of our key employees and officers, including our chief executive officer, are residents of
Israel. Accordingly, political, economic and military conditions in the Middle East may affect our business directly. Since the establishment
of the State of Israel in 1948, a number of armed conflicts have occurred between Israel and its neighboring countries and terrorist organizations
active in the region, including Hamas (an Islamist militia and political group in the Gaza Strip) and Hezbollah (an Islamist militia and
political group in Lebanon).

<div align='center'>S-7</div>

In October 2023, Hamas terrorists
infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military