Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 323

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 323
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 and $1.4765 per
share, payable in cash.

In
the Private Placement, the Company sold 2,325,869 Units at a price per Unit equal
to $1.4726 to a certain investor who paid in cash and settlement of debt an aggregate amount of $3,425,075 in
consideration for the Units.

Additionally,
the Company sold 2,671,631 Units to certain investors who surrendered and terminated $3,955,033 in
aggregate principal amount and interest accrued thereon of certain convertible promissory notes issued by the Company in 2023 and 2024
and paid in cash an aggregate amount of $478,060 to the Company in consideration for the Units.

Additionally,
the Company sold 317,715 Units to an investor who surrendered and terminated $468,453 in
aggregate principal amount and interest accrued thereon of a convertible promissory note issued in 2023 and paid in cash an aggregate
amount of $66,000 to the Company in consideration for the Units. 

In
relation to the June 14, 2024 Private Placement the Company recognized a loss on the settlement of debt for $1,183,560 which was
recorded in other income (expense) in the statement of operations for the year ended June 30, 2024. 

Related
to the June 14, 2024 Private Placement, ranging from July 3, 2024, to October 10, 2024, the Company sold 1,613,596 Units at a price per
Unit equal to $1.4726 to a certain investor who paid in cash an aggregate amount of $2,376,181 in consideration of the Units.

On April 5, 2024, the Company
issued 33,760 shares of common stock for consulting services valued at $94,190.

On February 20, 2024, 2,953,700
warrants outstanding were exercised at prices ranging from $0.53 to $0.65 per share and the aggregate $1,750,000 of a promissory note
held by the holder was applied to the exercise price of the warrants.

On February 20, 2024, 471,699
warrants outstanding were exercised at $0.53 per share valued at $250,000. A promissory note held by the holder was applied to