Company: LNAI
Filing Date: 2025-07-30
Form Type: DEF 14A
Source: 0001731122-25-001053
Chunk: 13

Company: Lunai Bioworks Inc.
Filing Date: 2025-07-30
Form: DEF 14A
Chunk 13
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 for the Special Meeting, who will separately count votes “For”, “Withhold”, “Against”, abstentions, and if applicable, broker non-votes applicable for each proposal. |

<div align='center'>8

PROPOSAL 1

THE REVERSE SPLIT PROPOSAL</div>

Introduction

Our Board has determined that it is advisable and in the best interests of us and our stockholders, for us to adopt an amendment to our Certificate of Incorporation, to authorize our Board to effect the Reverse Split (“Reverse Split Amendment”) of our issued and outstanding shares of common stock at a specific ratio (the “Final Split Ratio”), ranging from one-for-three (1:3) to one-for-ten (1:10) (the “Approved Split Ratios”), to be determined by our Board and announced by the Company before the effectiveness of the Reverse Split Amendment. A vote for this Proposal 1 will constitute approval of the Reverse Split that, once authorized by our Board and effected by filing the Reverse Split Amendment with the Secretary of State of the State of Delaware, will reclassify and combine between every three to 10 shares of our common stock into one share of our common stock.

If implemented, the Reverse
Split will have the effect of decreasing the number of shares of our common stock issued and outstanding. We are not seeking a proportional
reduction of the authorized shares of the Company’s common stock in connection with the Reverse Split; therefore, the Reverse Split
will result in an effective increase in the authorized number of shares of our common stock available for issuance in the future.

Stockholders are asked to
approve the Reverse Split Amendment set forth in Exhibit A to effect the Reverse Split consistent with those terms set forth in this
Proposal 1, and to grant authorization to our Board to determine, in its sole discretion, whether or not to implement the Reverse Split,
as well as the Final Split Ratio within the range of the Approved Split Ratios. The text of Exhibit A remains subject to completion
of certain information, including the Final Split Ratio within the Approved Split Ratios, the date of our Board’s determination
of the Final Split Ratio, and the date of the Company’s announcement of the Final Split Ratio, as identified on Exhibit A.

If approved by the affirmative
vote of the holders of a majority of the votes cast by stockholders entitled to vote on this proposal, the Reverse Split would be effected
on the Final Split Ratio approved by our Board prior to the one-year anniversary date of the Special Meeting and