Company: LNAI
Filing Date: 2025-12-03
Form Type: 8-K
Source: 0001731122-25-001625
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Company: Lunai Bioworks Inc.
Filing Date: 2025-12-03
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a
Material Definitive Agreement.

On December 2, 2025, Lunai Bioworks, Inc. (the “ Company”) entered into an At-the-Market Sales Agreement (the “ Sales
Agreement”) with Dawson James Securities, Inc. (the “ Sales Agent”), pursuant to which the Company may offer and sell
(the “ Offering”) shares of its common stock, par value $0.0001 per share (“ Common Stock”), having an aggregate
offering price of up to $11.70 million, from time to time through the Sales Agent as the Company’s sales agent.

Pursuant to the Sales Agreement,
sales of the shares of Common Stock (“ Shares”), if any, will be made under the Company’s Registration Statement on Form
S-3 (File No. 333-282898), which was declared effective by the Securities and Exchange Commission (the “ SEC”) on November
6, 2024, and the related prospectus and prospectus supplement. The Company may sell the Shares in transactions that are deemed to be “at
the market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on or through
the Nasdaq Capital Market or any other trading market for the Common Stock. The Sales Agent is entitled to compensation of 3.0% of the
gross proceeds from the sales of any Shares pursuant to the Sales Agreement and will be reimbursed for certain expenses.

The Sales Agreement contains
customary representations, warranties, and covenants of the Company and the Agent, indemnification and contribution provisions, and conditions
precedent to the sale of the Shares pursuant to the Sales Agreement. The Company may terminate the Sales Agreement at any time upon ten
(10) days’ notice to the Agent.

The Company is not obligated
to sell any Shares under the Sales Agreement and may at any time suspend sales pursuant to the Sales Agreement upon notice to the Sales
Agent and subject to the terms of the Sales Agreement. The Sales Agreement may be terminated by either party at any time upon notice to
the other party.

The foregoing description
of the Sales Agreement is qualified in its entirety by reference to the full text of the Sales Agreement, a copy of which is filed as
Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

This Current Report on Form
8-K shall not constitute an offer to sell or the