Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 55

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 55
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 proposals before a meeting of stockholders or to nominate candidates for election as directors at a meeting of stockholders must provide advance notice in writing, and also specify requirements as to the form and content of a stockholder’s notice; and

    ●
    do not provide for cumulative voting rights, thereby allowing the holders of a majority of the shares of Common Stock entitled to vote in any election of directors to elect all of the directors standing for election. 

Any of the factors listed above
may frustrate or prevent any attempts by our stockholders to replace or remove our current management by making it more difficult for
stockholders to replace members of our Board of Directors, who are responsible for appointing the members of our management.

In addition, because we are incorporated
in Delaware, we are governed by Section 203 of the Delaware General Corporation Law, which may discourage, delay or prevent someone from
acquiring us or merging with us whether or not it is desired by or beneficial to our stockholders. Under Delaware law, a corporation may
not, in general, engage in a business combination with any holder of 15% or more of its capital stock unless the holder has held the stock
for three years or, among other things, the Board of Directors has approved the transaction. Any term of our Certificate of Incorporation
or Bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our stockholders
to receive a premium for their shares of our Common Stock and could also affect the price that some investors are willing to pay for our
Common Stock.

1B. Unresolved Staff Comments

Not applicable.

1C. Cybersecurity Risk Management and Strategy

Lunai has established a comprehensive cybersecurity
risk management program aimed at safeguarding the confidentiality, integrity, and availability of our essential systems and information.
Central to our cybersecurity efforts is a robust incident response plan designed to address potential cyber incidents swiftly and effectively.

In designing and evaluating our cybersecurity initiatives,
we have adopted the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF 2.0) as a guiding principle. It’s
important to clarify that our use of the NIST CSF 2.0 is for guidance purposes to frame our risk identification, assessment, and management
processes and does not equate to compliance with any specific technical standards or requirements.

Our cybersecurity framework is seamlessly integrated
broader enterprise risk management strategy, sharing methodologies, reporting mechanisms, and governance structures with other risk domains