Lunai Bioworks (LNAI) Proxy Filing summary

Executive summary

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

• Main agenda: approval of a reverse stock split and potential adjournment to solicit more proxies.

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

• Board recommends voting in favor of both proposals.

Voting matters and shareholder proposals

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

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

• Both proposals are considered routine matters; brokers may vote without instructions.

• No appraisal or dissenter's rights are available for these proposals.

Board of directors and corporate governance

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

• Board recommends a vote FOR both the reverse split and adjournment proposals.

• Board may call special meetings and appoint proxies for voting.