Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 72

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 72
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 only a limited period of time.
The loss of the services provided by any of Renovaro Cube’s executive officers, other key employees and other scientific and medical
advisors, and Renovaro Cube’s inability to find suitable replacements as needed, could result in delays in commercialization of
its products and harm its business. Renovaro Cube does not maintain “key person” insurance policies on the lives of these
individuals or the lives of any of its other employees.

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Renovaro
Cube is headquartered in Amsterdam, the Netherlands, a region in which many other healthcare companies, technology companies and academic
and research institutions are headquartered. Competition for personnel is intense and the turnover rate can be high, which may limit Renovaro
Cube’s ability to hire and retain highly qualified personnel on acceptable terms or at all. Renovaro Cube expects that it may need
to recruit talent from outside of its region, and doing so may be costly and difficult. If Renovaro Cube is unable to attract and retain
highly qualified personnel, its ability to develop and commercialize its products may be limited.

If Renovaro Cube is unable to scale its operations successfully to support demand for its products following the launch of its platform, its business could suffer.

As and
to the extent demand increases beyond Renovaro Cube’s expectations following the launch of Renovaro Cube’s platform, Renovaro
Cube will likely need to start to ramp up operating capacity. Renovaro Cube will need to implement new infrastructure, data processing
capabilities, customer service, billing and systems processes, and expand Renovaro Cube’s internal quality assurance program and
technology to support operations on a larger scale. Renovaro Cube will also need collaboration arrangements with third-party laboratories
to process its physical tests or, if processing of such tests is not fully outsourced to support demand, will need to obtain equipment
and certified and licensed laboratory personnel to process these physical tests internally. Renovaro Cube may face difficulties increasing
the scale of its operations, including implementing changes in infrastructure or programs or acquiring additional equipment or personnel.
As Renovaro Cube refines its products and develops additional products, Renovaro Cube may need to introduce new equipment, implement
new systems, technology, controls and procedures, and hire personnel with different qualifications, licenses or certifications.

The value
of Renovaro Cube’s products will depend, in part, on Renovaro Cube’s ability to perform tests, whether through