Company: CMND
Filing Date: 2025-09-15
Form Type: POS AM
Source: 0001213900-25-087398
Chunk: 17

Company: Clearmind Medicine Inc.
Filing Date: 2025-09-15
Form: POS AM
Chunk 17
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in Syria and Iraq. These situations may potentially escalate in the future to more violent
events which may affect Israel and us. Any hostilities, armed conflicts, terrorist activities
involving Israel or the interruption or curtailment of trade between Israel and its trading
partners, or any political instability in the region could adversely affect business conditions
and our results of operations and could make it more difficult for us to raise capital and
could adversely affect the market price of our ordinary shares. An escalation of tensions
or violence might result in a significant downturn in the economic or financial condition
of Israel, which could have a material adverse effect on our operations in Israel and our
business. Parties with whom we do business have sometimes declined to travel to Israel during
periods of heightened unrest or tension, forcing us to make alternative arrangements when
necessary in order to meet our business partners face to face. In addition, the political
and security situation in Israel may result in parties with whom we have agreements involving
performance in Israel claiming that they are not obligated to perform their commitments under
those agreements pursuant to force majeure provisions in such agreements.

Since the war broke out on October 7, 2023, our
operations have not been adversely affected by this situation, and we have not experienced disruptions to our clinical studies, facilities
or the manufacturing or supply of our drug candidates. However, the intensity and duration of Israel’s current security situation
in Israel is difficult to predict at this stage, as are such war’s economic implications on our business and operations and on
Israel’s economy in general, and we continue to monitor the situation closely and examine the potential disruptions that could
adversely affect our operations. If the ceasefires declared collapse or a new war commences or hostilities expand to other fronts, our
operations may be adversely affected.

Our insurance does not cover losses that may occur
as a result of an event associated with the security situation in the Middle East or for any resulting disruption in our operations.
Although the Israeli government has in the past covered the reinstatement value of direct damages that were caused by terrorist attacks
or acts of war, we cannot assure you that this government coverage will be maintained or, if maintained, will be sufficient to compensate
us fully for damages incurred, and the government may cease providing such coverage or the coverage might not suffice to cover potential
damages. Any losses or damages incurred by us could have a material adverse effect on our business.

Finally, political conditions within Israel may