Lunai Bioworks (LNAI) Proxy Filing summary

Executive summary

• Special Meeting scheduled for August 15, 2025, to be held virtually for all shareholders of record as of July 15, 2025.

• Main proposals include a reverse stock split and potential adjournment to solicit more proxies if needed.

• Reverse split aims to maintain Nasdaq listing by increasing share price above $1.00 minimum bid requirement.

• Board recommends voting in favor of both proposals.

Voting matters and shareholder proposals

• Proposal 1: Approve an amendment for a reverse stock split at a ratio between 1-for-3 and 1-for-10, at the Board's discretion.

• Proposal 2: Approve adjournment of the meeting if more time is needed to solicit proxies.

• Board recommends a vote FOR both proposals.

• Shareholders can vote online, by phone, or by mail, and may change their vote before the meeting.

Board of directors and corporate governance

• Board has sole discretion to determine the final reverse split ratio and whether to implement or abandon the split.

• Board members and executive officers collectively own less than 1% of outstanding shares.