Company: CMND
Filing Date: 2025-09-19
Form Type: F-1
Source: 0001213900-25-089545
Chunk: 17

Company: Clearmind Medicine Inc.
Filing Date: 2025-09-19
Form: F-1
Chunk 17
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 may not agree with the manner in which our management chooses to allocate the net proceeds
from the issuance and sale of the Promissory Notes. The failure by our management to apply these funds effectively could have a material
adverse effect on our business, financial condition and results of operation. Pending their use, we may invest the net proceeds from the
exercise of the Warrant in a manner that does not produce income. The decisions made by our management may not result in positive returns
on your investment and you will not have an opportunity to evaluate the economic, financial or other information upon which our management
bases its decisions.

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).

In particular, in October 2023, Hamas terrorists
infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas
also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza
Strip and in other areas within the State of Israel. These attacks resulted in thousands of deaths and injuries, and Hamas additionally
kidnapped many Israeli civilians and soldiers. As a result of the events of October 7, 2023, the Israeli government declared that the country was at war and the Israeli military began
to call-up reservists for active duty. As of September 18, 2025, none of our directors, officers or employees are serving in active or reserve
duty. Military service call ups that result in absences of personnel from us for an extended period of time may materially and adversely
affect our business, prospects, financial condition and results of operations.

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Since the commencement of these events, there have
been continued hostilities along Israel’s northern border with the Hezbollah terror organization), with the Houthis in Yemen and