Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 1181

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 1181
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 difficult for a third party to acquire us or increase the cost of acquiring
us, even if doing so would benefit our stockholders, or remove our current management. These include terms that:

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    permit our Board of Directors to issue up to 10,000,000 shares of preferred stock, with any rights, preferences, and privileges as they may designate;

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    provide that all vacancies on our Board of Directors, including as a result of newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote of a majority of directors then in office, even if less than a quorum;

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    provide that stockholders seeking to present proposals before a meeting of stockholders or to nominate candidates for election as directors at a meeting of stockholders must provide advance notice in writing, and also specify requirements as to the form and content of a stockholder’s notice; and

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    do not provide for cumulative voting rights, thereby allowing the holders of a majority of the shares of Common Stock entitled to vote in any election of directors to elect all of the directors standing for election. 

Any of the factors listed above
may frustrate or prevent any attempts by our stockholders to replace or remove our current management by making it more difficult for
stockholders to replace members of our Board of Directors, who are responsible for appointing the members of our management.

In addition, because we are incorporated
in Delaware, we are governed by Section 203 of the Delaware General Corporation Law, which may discourage, delay or prevent someone from
acquiring us or merging with us whether or not it is desired by or beneficial to our stockholders. Under Delaware law, a corporation may
not, in general, engage in a business combination with any holder of 15% or more of its capital stock unless the holder has held the stock
for three years or, among other things, the Board of Directors has approved the transaction. Any term of our Certificate of Incorporation
or Bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our stockholders
to receive a premium for their shares of our Common Stock and could also affect the price that some investors are willing to pay for our
Common Stock.

1B. Unresolved Staff Comments

Not applicable.

1C. Cybersecurity Risk Management and Strategy

Lunai has established a comprehensive cybersecurity
risk management program aimed at safeguarding the confidentiality, integrity,