Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 520

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 520
---

    $0.96 

    $4.51–6.50  
     —  
     —  
    $—  
     —  
     —  
    $— 

    $6.51–12.00  
     —  
     —  
    $—  
     —  
     —  
    $— 
  
    Total 
      
     4,623,614  
     8.97  
    $0.75  
     567,233  
     8.71  
    $0.96 

A summary of changes are presented
below:

    Schedule of Stock option activity 

    Shares 
    Weighted Average Exercise Price 
    Average Remaining Life 
    Weighted Average Intrinsic Value

    Outstanding at June 30, 2024 
     5,527,852  
    $2.11  
     7.30  
    $— 
  
    Granted 
     4,249,665  
    $0.64  

    Exercised 
     —  
    $—  

    Forfeited 
     —  
    $—  

    Expired/Canceled  
     (5,153,903) 
    $2.12  

    Outstanding at June 30, 2025 
     4,623,614  
    $0.75  
     8.97  
    $— 
  
    Exercisable at June 30, 2025 
     567,233  
    $0.96  
     8.71  
    $— 

At June 30, 2025, the Company
had Plan Options to purchase 567,233 shares of common stock that were exercisable. The total intrinsic value of options exercisable
at June 30, 2025, was zero. Intrinsic value is measured using the fair value at the date of exercise (for shares exercised) and at June
30, 2025 (for outstanding options), less the applicable exercise price.

    F-26

Common Stock Purchase Warrants

A summary of the status of the
Common Stock Purchase Warrants outstanding at June 30, 2025, is presented below:

    Schedule of common stock purchase warrants outstanding 

    Warrants Outstanding