Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 172

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 172
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, effective as of January 31, 2020, and the Statement of Work and License Agreement for Influenza and Coronavirus Indications,
effective as of April 18, 2021, have been terminated and the Company has no rights to any license under such agreements. Trial is currently
scheduled to begin on March 3, 2025. The Company denies these allegations and intends to vigorously defend against the cross claims while
pursuing its claims against the Defendants.

On March 1, 2021, the Company’s
former Chief Financial Officer, Robert Wolfe and his company, Crossfield, Inc., filed a Complaint in the U.S. District Court for the District
of Vermont against the Company, Renovaro Biosciences Denmark ApS, and certain directors and officers. In the Complaint, Mr. Wolfe and
Crossfield, Inc. asserted claims for abuse of process and malicious prosecution, alleging, inter alia, that the Company lacked probable
cause to file and prosecute an earlier action, and sought millions of dollars of compensatory damages, as well as punitive damages. The
allegations in the Complaint relate to an earlier action filed by the Company and Renovaro Biosciences Denmark ApS in the Vermont Superior
Court, Orange Civil Division. On March 3, 2022, the court partially granted the Company’s motion to dismiss, dismissing the abuse
of process claim against all defendants and all claims against Mark Dybul and Henrik Grønfeldt-Sørensen. On November 29, 2022,
the Company filed a motion for summary judgment with respect to the sole remaining claim of malicious prosecution. On August 24, 2023,
the court denied the motion for summary judgment. The court vacated the July 15, 2024 trial date and has yet to re-set the trial date.
The Company denies the allegations set forth in the Complaint and will continue to vigorously defend against the remaining claim.

On June
7, 2023, Weird Science LLC (“Weird Science”), Wittekind, the William Anderson Wittekind 2020 Annuity Trust, the William Anderson
Wittekind 2021 Annuity Trust, the Dybul 2020 Angel Annuity Trust, and the Ty Mabry 2021 Annuity Trust (such trusts, collectively, the
“Trusts”) (collectively, “Plaintiffs”) filed a Verified Complaint against the Company in the Court of Chanc