Company: LNAI
Filing Date: 2025-12-03
Form Type: 424B5
Source: 0001731122-25-001626
Chunk: 17

Company: Lunai Bioworks Inc.
Filing Date: 2025-12-03
Form: 424B5
Chunk 17
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Future sales and issuances of our Common Stock or rights to purchase Common Stock, including pursuant to our equity incentive plans, could result in additional dilution of the percentage ownership of our stockholders and could cause our stock price to fall.

We expect that significant additional
capital will be needed in the future to continue our planned operations. To raise capital, we may sell substantial amounts of Common Stock
or securities convertible into or exchangeable for Common Stock in one or more transactions at prices and in a manner, we determine from
time to time. These future issuances of Common Stock or Common Stock-related securities, together with the exercise of outstanding options
or warrants, and any additional shares that may be issued in connection with acquisitions or licenses, if any, may result in material
dilution to our investors. Such sales may also result in material dilution to our existing stockholders, and new investors could gain
rights, preferences, and privileges senior to those of holders of our Common Stock. Pursuant to our equity incentive plans, our Compensation
Committee is authorized to grant equity-based incentive awards to our employees, non-employee directors and consultants. Future grants
of RSUs, options and other equity awards and issuances of Common Stock under our equity incentive plans will result in dilution and may
have an adverse effect on the market price of our Common Stock.

We have never paid dividends on our capital stock and we do not anticipate paying dividends in the foreseeable future.

We have never paid dividends on
any of our capital stock and currently intend to retain any future earnings to fund the growth of our business. Any determination to pay
dividends in the future will be at the discretion of our board of directors and will depend on our financial condition, operating results,
capital requirements, the requirements and contractual restrictions of then-existing debt instruments, general business conditions and
other factors that our board of directors may deem relevant. As a result, capital appreciation, if any, of our Common Stock will be the
sole source of gain for the foreseeable future.

We are not current on foreign income and franchise tax returns, reports and declarations in certain jurisdictions, which could cause the Company to incur fines or penalties.

The company is not current in
certain foreign income and franchise tax returns, reports and declarations required by any jurisdiction to which it is subject due
to winding down of certain operations, (ii) has not paid all taxes and other governmental assessments and charges that are material in
amount, shown or determined to be due on