Company: LNAI
Filing Date: 2025-04-14
Form Type: SCHEDULE 13D/A
Source: 0001214659-25-005865
Chunk: 0

Company: Lunai Bioworks Inc.
Filing Date: 2025-04-14
Form: SCHEDULE 13D/A
Chunk 0
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 to file a Second Amended Complaint that includes the claims referenced in (iii).  In an order dated April 2, 2025, the Delaware Court of Chancery (1) denied the Issuer's motion to dismiss the breach of contract claims asserted by Weird Science in the First Amended Complaint (except with respect to the Form S-1 registration statement that the Issuer agreed to file pursuant to a Registration Rights Agreement between the Issuer and Lincoln Park Capital LLC dated June 20, 2023); (2) granted the motions to dismiss the claims for tortious interference asserted against K&L Gates and Clayton Parker in the First Amended Complaint; (3) granted the motions to dismiss the claims for fraudulent inducement asserted against the Issuer, K&L Gates and Clayton Parker in the First Amended Complaint; (4) granted the Issuer's motion to dismiss the breach of contract claim asserted by Weird Science in the First Amended Complaint with respect to the Form S-1 registration statement that the Issuer agreed to file pursuant to the Registration Rights Agreement between the Issuer and Lincoln Park Capital Fund LLC dated June 20, 2023); (5) granted the motion to dismiss the claim for declaratory judgment asserted by Weird Science in the First Amended Complaint; and (6) requested additional briefing under Florida law for the breach of fiduciary duty claims asserted by Weird Science against K&L Gates and Clayton Parker in the First Amended Complaint. Wittekind, Weird Science and the Trusts intend to appeal the dismissal of the tortious interference claims and the fraudulent inducement claims.  Supplemental briefing on the breach of fiduciary duty claims under Florida law is scheduled to be completed on or before June 5, 2025.  Once the Delaware Court of Chancery rules on the fiduciary duty claims asserted by Weird Science against K&L Gates and Clayton Parker, Weird Science intends to seek leave to file a Second Amended Complaint that includes the remaining claims, the fraudulent concealment claims against the Issuer, K&L Gates and Clayton Parker and a breach of contract claim against the Issuer for failing to notify Weird Science of its piggyback registration rights and the failure to afford Weird Science of the opportunity to include all or any portion of its shares in the Issuer's Form S-3 registration statement that became effective on November 6, 2024. Weird Science, Wittekind and the Trusts are exploring other possible claims to include in a