Company: CMND
Filing Date: 2025-09-15
Form Type: POS AM
Source: 0001213900-25-087398
Chunk: 16

Company: Clearmind Medicine Inc.
Filing Date: 2025-09-15
Form: POS AM
Chunk 16
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 additionally
kidnapped many Israeli civilians and soldiers. As a result of the events of October 7, 2023, the Israeli government declared that the
country was at war and the Israeli military began to call-up reservists for active duty. As of September 12, 2025, none of our directors,
officers or employees are serving in active or reserve duty. Military service call ups that result in absences of personnel from us for
an extended period of time may materially and adversely affect our business, prospects, financial condition and results of operations.

<div align='center'>5</div>

Since
the commencement of these events, there have been continued hostilities along Israel’s
northern border with the Hezbollah terror organization), with the Houthis in Yemen and on
other fronts with various extremist groups in the region, such as various rebel militia groups
in Syria and Iraq. In October 2024, Israel began limited ground operations against Hezbollah
in Lebanon, and in November 2024, a ceasefire was brokered between Israel and Hezbollah.
It is possible that hostilities with Iran, Hezbollah, the Houthis and Syria will escalate,
and that other terrorist organizations, including Palestinian military organizations in the
West Bank, will join the hostilities. In addition, Iran launched direct attacks on Israel
in April 2024 and October 2024 involving hundreds of drones and missiles, has threatened
to continue to attack Israel, and is widely believed to be developing nuclear weapons. In
addition, in June 2025, in light of continued nuclear threats and intelligence assessments
indicating imminent attacks, Israel launched a preemptive strike directly targeting military
and nuclear infrastructure inside Iran, aimed at disrupting Iran’s capacity to coordinate
or launch further hostilities against Israel, as well as to degrade its nuclear program.
In response, Iran launched multiple waves of drones and ballistic missiles at Israeli cities,
including Tel Aviv, Haifa, and Jerusalem. While most of these attacks were intercepted, several
caused civilian casualties and damage to infrastructure. The Israeli military conducted additional
operations against Iranian assets. While a ceasefire was reached between Israel and Iran
in June 2025 after 12 days of hostilities, the situation remains volatile. A broader regional
conflict involving additional state and non-state actors remains a significant risk. Iran
is also believed to have a strong influence among extremist groups in the region, such as
Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen and various rebel militia groups