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

Company: Clearmind Medicine Inc.
Filing Date: 2025-09-15
Form: POS AM
Chunk 25
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 our articles of association and the applicable provisions of
the BCBCA.

On September 30, 2022, our shareholders approved
a one-for-30 reverse split of our issued and outstanding common shares. In addition, on November 28, 2023, we effected a one-for-30 consolidation
of our issued and outstanding common shares. Except where otherwise indicated, all share and per share data in this prospectus have been
retroactively restated to reflect the aforementioned consolidations.

Authorized Share Capital

As
of September 12, 2025, we had 5,466,441 common shares issued and outstanding and our authorized
share capital consists of an unlimited number of common shares, no par value.

In the last three years, we have issued an aggregate
of 1,961,194 common shares for aggregate net proceeds of $19.6 million net of share issuance costs in several public offerings and private
placements. In addition, during the same period, 1,999,687 warrants were exercised for gross proceeds of $5.2 million.

In
addition to common shares, in the last three years, we have granted (i) share options to
employees, directors, consultants and service providers under our Executive Stock Option
and Restricted Share Unit Plans exercisable into an aggregate of 1,222,959 common shares,
with exercise prices ranging from $23.40 to $650.10 per share; and (ii) an aggregate of 4,335,758
warrants exercisable into common shares, with exercise prices ranging from $1.0777 to $243.75
per share, which were issued in three private placements.

Common Shares

All of our Common Shares are one and the same
class, identical in all respects and have equal rights, powers and privileges.

Voting.Except as otherwise provided for
by resolution of our Board, the holders of outstanding Common Shares have the exclusive right to vote on all matters requiring shareholder
action. On each matter on which holders of Common Shares are entitled to vote, each outstanding share of Common Share is entitled to
one vote.

Dividends.Holders of our Common Shares
have equal rights of participation in the dividends and other distributions of our cash, stock or property when, as and if declared thereon
by our Board from time to time out of our assets or funds legally available therefor and shall have equal rights to receive our assets
and funds available for distribution to shareholders in the event of any