Company: CMND
Filing Date: 2025-11-26
Form Type: F-1
Source: 0001213900-25-115501
Chunk: 35

Company: Clearmind Medicine Inc.
Filing Date: 2025-11-26
Form: F-1
Chunk 35
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holders/ Shareholders |     | Section 203 of the DGCL provides (in general) that a corporation may                                                                             
 not engage in a business combination with an interested stockholder for a period of three years after the time of the transaction in which       
 the person became an interested stockholder. The prohibition on business combinations with interested stockholders does not apply in some        
 cases, including if: (i) the board of directors of the corporation, prior to the time of the transaction in 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