Company: LNAI
Filing Date: 2025-07-30
Form Type: DEF 14A
Source: 0001731122-25-001053
Chunk: 24

Company: Lunai Bioworks Inc.
Filing Date: 2025-07-30
Form: DEF 14A
Chunk 24
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 surrendered that is allocated to such fractional share. Such capital gain or loss will be
short term if the pre-Reverse Split shares were held for one year or less at the effective time of the Reverse Split and long term if
held for more than one year. Stockholders should consult their own tax advisors regarding the tax consequences to them of a payment for
fractional shares.

We will not recognize any gain or loss as a result
of the proposed Reverse Split.

A stockholder of our common
stock may be subject to information reporting and backup withholding on cash paid in lieu of a fractional share in connection with the
proposed Reverse Split. A stockholder of our common stock will be subject to backup withholding if such stockholder is not otherwise exempt
and such stockholder does not provide its taxpayer identification number in the manner required or otherwise fails to comply with backup
withholding tax rules. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be refunded
or allowed as a credit against a stockholder’s U.S. federal income tax liability, if any, provided the required information is timely
furnished to the Internal Revenue Service. Stockholders of our common stock should consult their own tax advisors regarding their qualification
for an exemption from backup withholding and the procedures for obtaining such an exemption.

THE PRECEDING DISCUSSION
IS INTENDED ONLY AS A SUMMARY OF CERTAIN FEDERAL U.S. INCOME TAX CONSEQUENCES OF THE REVERSE SPLIT AND DOES NOT PURPORT TO BE A COMPLETE
ANALYSIS OR DISCUSSION OF ALL POTENTIAL TAX EFFECTS RELEVANT THERETO. YOU SHOULD CONSULT YOUR OWN TAX ADVISORS AS TO THE PARTICULAR FEDERAL,
STATE, LOCAL, FOREIGN AND OTHER TAX CONSEQUENCES OF THE REVERSE SPLIT IN LIGHT OF YOUR SPECIFIC CIRCUMSTANCES.

Vote Required

Proposal 1, to approve the Reverse Split Amendment to the Company’s Certificate
of Incorporation to effect the Reverse Split of our issued and outstanding shares of common stock, at a specific ratio, ranging from one-for-three
(1:3) to one-for-ten (1:10), with the exact ratio within such range to be determined by our Board and announced by the Company before
the effectiveness of the Reverse Split Amendment, will require the affirmative vote of the holders of a majority of the votes cast by
stockholders entitled to vote on this proposal. Abstentions and broker non-votes will not be counted either for