LNAI on Nasdaq

Lunai Bioworks Inc.

Lunai Bioworks Inc. is an American pharmaceutical preparations company based in Los Angeles.2 Its shares trade on Nasdaq under the symbol LNAI.2

$0.89 down 0.00 (0.20%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$52.0KRevenue, fiscal 20264
-$3.6MNet income, fiscal 20264

Compare with Arena Pharmaceuticals, HCW Biologics Inc. or TENAX THERAPEUTICS, INC., or pick any stock.

  • TickerLNAI on Nasdaq2
  • IndustryPharmaceutical Preparations2
  • HeadquartersCopenhagen, Denmark2
  • Incorporated inDE5
  • Business addressCentury City Medical Plaza, 2080 Century City East, Suite 906 Los Angeles, Ca 900675
  • Filer categoryNon-accelerated filer, Smaller reporting company5
  • Legal formCorporation2
  • LEI5493003O12Q6PNJ56V392
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Vcorp Services, LLC, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 49289002

Our ability to continue as a going concern and ability to raise additional capital;7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-16729.4%Operating margin4
-6852.0%Net margin4
-$5.3MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Research and development47¢$24.5K
  • Other costs50¢$26.1K
  • Income tax3¢$1.4K

Out of $52.0K in revenue.4 The company lost money this year.

Financial statements

Operating income89101112134-$8.7M in 2026−21% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$11.0M-$11.0M20192020: -$11.9M-$11.9M2020+8%2021: -$23.4M-$23.4M2021+96%2022: -$116.1M-$116.1M2022+396%2023: -$38.6M-$38.6M2023−67%2024: -$81.6M-$81.6M2024+112%2025: -$189.0M-$189.0M2025+131%2026: -$8.7M-$8.7M2026−95%
Net income89101112134-$3.6M in 2026−80% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$18.0M-$18.0M20192020: -$11.4M-$11.4M2020−37%2021: -$26.7M-$26.7M2021+134%2022: -$113.4M-$113.4M2022+324%2023: -$39.7M-$39.7M2023−65%2024: -$88.4M-$88.4M2024+123%2025: -$178.0M-$178.0M2025+101%2026: -$3.6M-$3.6M2026−98%
Fiscal year20192020202120222023202420252026
Revenue$52.0K4
Cost of revenue
Gross profit
Research and development$2.5M8$4.7M9$15.7M10$8.4M11$4.2M12$2.7M13$537.4K4$24.5K4
Operating expenses$116.1M11$38.6M12$81.6M13$189.0M4$8.7M4
Operating income-$11.0M8-$11.9M9-$23.4M10-$116.1M11-$38.6M12-$81.6M13-$189.0M4-$8.7M4
Interest$438$104.3K9$379.6K10$372.8K10
Income before tax-$113.4M11-$39.7M11
Income tax-$125.3K10$3411$013$1.5K4$1.4K4
Net income-$18.0M8-$11.4M9-$26.7M10-$113.4M11-$39.7M12-$88.4M13-$178.0M4-$3.6M4
Earnings per share-$2.1611-$0.7112-$0.9113-$86.274-$1.064
Earnings per share (diluted)-$2.1611-$0.7112-$0.9113-$86.274-$1.064
Shares (weighted, basic)52.5M shares1156.3M shares1297.5M shares132.1M shares43.4M shares4
Shares (weighted, diluted)52.5M shares1156.3M shares1297.5M shares132.1M shares43.4M shares4

Compare Lunai Bioworks Inc. with another company

Corporate structure

Lunai Bioworks Inc. sits at the top of its group. 7 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lunai Bioworks Inc.

  • Anderson Wittekind William Filed SCHEDULE 13D/A on Lunai Bioworks Inc., latest Oct 15, 2026 (26 filings since May 19, 2023)
  • Hans Christian Hansen Filed SCHEDULE 13G on Lunai Bioworks Inc., latest Jul 17, 2026
  • Laksya Ventures Inc. Filed SCHEDULE 13G on Lunai Bioworks Inc., latest Sep 26, 2025
  • Ole Abildgaard Filed SC 13G/A on Lunai Bioworks Inc., latest Feb 22, 2024 (3 filings since Oct 6, 2023)
  • Rene Sindlev Filed SC 13D/A on Lunai Bioworks Inc., latest Feb 16, 2024 (11 filings since Jan 24, 2024)
  • Lunai Bioworks Inc. Copenhagen, Denmark
    • BioSymetrics Corp. Subsidiary · Nova Scotia, Canada
    • GEDi Cube Intl Ltd. Subsidiary · United Kingdom
    • Grace Systems B.V. Subsidiary · Netherlands
    • Lunai Bioworks IP, Inc. Subsidiary · Delaware, United States
    • Renovaro Biosciences Denmark ApS Subsidiary · Denmark
    • Renovaro Biosciences, Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lunai Bioworks Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$107.9K4 Jun 30, 2026$143.0K4 Jun 30, 2025−24.5%
Property and equipment, before depreciation$19.1K4 Jun 30, 2026$1.1M4 Jun 30, 2025−98.2%
Accumulated depreciation$7.1K4 Jun 30, 2026$702.2K4 Jun 30, 2025−99.0%
Property and equipment, net$12.0K4 Jun 30, 2026$367.8K4 Jun 30, 2025−96.7%
Operating-lease assets (leased space)$687.4K4 Jun 30, 2025$1.3M13 Jun 30, 2024−45.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.7M4 Jun 30, 2026$92.7K4 Jun 30, 2025+1748.6%
Equity securities at fair value$387.9K4 Jun 30, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$6.0M4 Jun 30, 2026$6.0M4 Jun 30, 20250%
Finite-lived intangibles, net$1.4M4 Jun 30, 2026$166.0K13 Jun 30, 2025+752.2%

Properties, in its own words

The Company does not currently occupy any material physical office facilities, and our employees primarily work remotely. The Company maintains a virtual office address in Sacramento, California for administrative and corporate purposes. Certain legacy office leases (Century City, California and Boca Raton, Florida) remain outstanding and were in default as of June 30, 2026, and are described in Note 6 to the Financial Statements; although the Company has ceased using the leased premises. We believe that our current remote working arrangements are adequate for our present operations.

Item 2 of the 10-K filed Oct 13, 2026.7

Leadership

Who has led Lunai Bioworks Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (29)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorAvram Miller named Feb 23, 202452

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BioSymetrics Corp. Nova Scotia6
  • BioSymetrics Inc. Delaware6
  • GEDi Cube Intl Ltd. England and Wales6
  • Grace Systems B.V. Netherlands6
  • Lunai Bioworks IP, Inc. Delaware6
  • Renovaro Biosciences Denmark ApS Denmark6
  • Renovaro Biosciences, Inc. Delaware6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • RENOVARO INC.Jan 30, 2024 to Aug 26, 20255
  • RENOVARO BIOSCIENCES INC.Jun 9, 2023 to Feb 7, 20245
  • Enochian Biosciences IncMar 6, 2018 to Aug 1, 20235
  • DanDrit Biotech USA, Inc.Feb 14, 2014 to Feb 23, 20185
  • Putnam Hills Corp.Aug 12, 2011 to Feb 11, 20145

Timeline

  1. Oct 9, 20268-K Other events53
  2. Jun 17, 20268-K Other events54
  3. Jun 16, 20268-K Other events55
  4. May 20, 20268-K Other events56
  5. May 13, 20268-K Shareholder vote57
  6. May 11, 20268-K Listing notice or transfer58
  7. May 1, 20268-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer59
  8. Apr 28, 20268-K Other events60
  9. Mar 30, 20268-K Entered a material agreement; Unregistered sale of shares; Other events61
  10. Mar 5, 20268-K Other events62
  11. Feb 23, 20268-K Listing notice or transfer63
  12. Feb 12, 20268-K Listing notice or transfer; Regulation FD disclosure64
  13. Oct 29, 2024New chief executive David Hershel Weinstein becomes CEO17
  14. Jul 22, 2021New chief executive Mark Dybul becomes CEO18
  15. Feb 21, 2014New chief executive Eric Jean Marie Leire becomes CEO19
  16. Jan 18, 2011Founded Lunai Bioworks Inc. is founded2

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202665

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

336 filings to the SEC since October 2021: 9 annual reports, 18 quarterly reports, 103 major events, 101 insider forms, 42 large holders, 1 private raises, 62 other. The latest 20:

  1. Oct 15, 2026SCHEDULE 13D/A EDGAR
  2. Oct 13, 202610-K EDGAR
  3. Oct 9, 20268-K EDGAR
  4. Sep 29, 2026NT 10-K EDGAR
  5. Jul 17, 2026SCHEDULE 13G EDGAR
  6. Jun 17, 20268-K EDGAR
  7. Jun 16, 20268-K EDGAR
  8. May 20, 20268-K EDGAR
  9. May 15, 202610-Q EDGAR
  10. May 13, 20268-K EDGAR
  11. May 11, 20268-K/A EDGAR
  12. May 1, 2026DEFR14A EDGAR
  13. May 1, 20268-K EDGAR
  14. Apr 28, 20268-K EDGAR
  15. Apr 28, 2026DEFA14A EDGAR
  16. Apr 15, 2026DEFR14A EDGAR
  17. Apr 13, 2026DEF 14A EDGAR
  18. Apr 2, 2026PRE 14A EDGAR
  19. Mar 30, 20268-K EDGAR
  20. Mar 5, 20268-K EDGAR

The 336 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 1 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 29, 2024William Anderson Wittekind10% ownerSale1,114$1.30$1.4KForm 4
Jul 17, 2024William Anderson Wittekind10% ownerSale16,362$1.46$23.9KForm 4
Jul 15, 2024William Anderson Wittekind10% ownerSale21,954$1.41$31.0KForm 4
Jul 11, 2024William Anderson Wittekind10% ownerSale14,896$1.51$22.5KForm 4
Jul 10, 2024William Anderson Wittekind10% ownerSale75,000$1.51$113.2KForm 4
Jul 9, 2024William Anderson Wittekind10% ownerSale4,630$1.53$7.1KForm 4
Jul 5, 2024William Anderson Wittekind10% ownerSale60,000$1.55$93.0KForm 4
Jul 3, 2024William Anderson Wittekind10% ownerSale50,000$1.51$75.5KForm 4
Jul 2, 2024William Anderson Wittekind10% ownerSale34,553$1.54$53.2KForm 4
Jul 1, 2024William Anderson Wittekind10% ownerSale60,000$1.56$93.6KForm 4
Jun 27, 2024William Anderson Wittekind10% ownerSale14,671$1.50$22.0KForm 4
Jun 26, 2024William Anderson Wittekind10% ownerSale50,000$1.57$78.5KForm 4
Jun 25, 2024William Anderson Wittekind10% ownerSale20,000$1.58$31.6KForm 4
Jun 14, 2024William Anderson Wittekind10% ownerSale50,000$1.58$79.0KForm 4
May 18, 2022Gumrukcu Serhat10% ownerSale253,493$8.00$2.0MForm 4
May 18, 2022Sindlev ReneDirectorBuy253,493$8.00$2.0MForm 4
Mar 22, 2022Sandler Carl ForestSale1,927$9.06$17.5KForm 4
Feb 23, 2022Sandler Carl ForestSale6$9.00$54Form 4
Feb 18, 2022Sandler Carl ForestSale6,792$9.03$61.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 13, 2024Raised $106.8 million in a private offering of equity Form D: 8 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ground Swell Capital, LLC53,211$174.0K0.2%New
Geode Capital Management, LLC24,156$79.0K0.0%New
Jane Street Group, LLC23,683$77.4K0.0%New
Vanguard Capital Management LLC16,081$52.6K0.0%New
BlackRock, Inc.15,906$52.0K0.0%New
Vanguard Fiduciary Trust Co8,642$28.3K0.0%New
Royal Bank Of Canada1,687$5.0K0.0%New
Tower Research Capital LLC (TRC)1,405$4.6K0.0%New
Group One Trading LLC544$1.8K0.0%New
Morgan Stanley326$1.1K0.0%New
Compass Financial Management LLC125$4090.0%New
Bnp Paribas Financial Markets24$780.0%New
Virtu Financial LLC12,863$420.0%New
Jpmorgan Chase & Co6$190.0%New
Deutsche Bank Ag\1$30.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Lunai Bioworks Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLunai Bioworks Inc.1
  • CIK0001527728
  • Employer ID (EIN)45-22593407
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company7
  • Incorporated inDelaware7
  • Fiscal year endsJune 301
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business addressCentury City Medical Plaza, 2080 Century City East, Suite 906 Los Angeles, CA 900671
  • Phone45 391798401
  • Shares outstanding5,034,452 shares as of Oct 13, 20267
  • Public float$21.3M as of Dec 31, 20257
  • AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 3627; no auditor attestation of internal control over financial reporting7
  • On EDGAR sinceAug 12, 20111
  • Filings593 in all: 8-K (171), 4 (120), 10-Q (45), 3 (38), SC 13D/A (30), UPLOAD (21), DEFA14A (18), CORRESP (16)1
    All 48 form types

    10-K (14), DEF 14A (9), 10-K/A (8), 8-K/A (8), NT 10-K (8), 4/A (7), NT 10-Q (7), S-1/A (6), SCHEDULE 13D/A (6), EFFECT (4), 10-Q/A (3), 424B3 (3), 424B5 (3), 425 (3), 5 (3), DEFR14A (3), PRE 14A (3), S-3 (3), SC 13D (3), 10-12G/A (2), 144 (2), D (2), DEF 14C (2), S-3/A (2), S-8 (2), SC 13G (2), SC 13G/A (2), SCHEDULE 13G (2), 10-12G (1), 10-KT (1), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), PRE 14C (1), PREM14A (1), PRER14A (1), S-1 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Oct 13, 2026
    Quarterly report (10-Q) May 15, 2026
    Proxy statement (DEF 14A) Apr 13, 2026
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareLNAINasdaq

From the cover page of the 10-K filed Oct 13, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks Lunai Bioworks Inc. names in Item 1A of its 10-K filed Oct 13, 2026: 58 risks under these headings, as written.7

  • Risks Related to Our Financial Position and Capital Requirements
  • We have incurred substantial losses since our inception and anticipate that we will continue to incur substantial and increasing losses for the foreseeable future.
  • There is substantial doubt about our ability to continue as a going concern, which may hinder our ability to obtain future financing.
  • We will require substantial additional financing to achieve our goals, and a failure to obtain this necessary capital when needed could force us to delay, limit, reduce or terminate our product development or commercialization efforts.
  • Raising additional capital may cause dilution to our existing stockholders, restrict our operations or require us to relinquish rights to our technologies.
  • From time to time, we may be subject to legal proceedings, regulatory investigations or disputes, and governmental inquiries that could cause us to incur significant expenses, divert our management’s attention, and materially harm our business, financial condition, and operating results.
  • Negative publicity has had and may continue to have a negative impact on our business and may have a long-term effect on our relationships with our customers, partners and collaborators.
  • Risks Related to Our Limited Operating History
  • Lunai Bioworks is a pre-clinical biotechnology company and may never be able to successfully develop marketable products or generate any material product revenue. We have a very limited relevant operating history upon which an evaluation of our performance and prospects can be made. There is no assurance that our future operations will result in profits. If we cannot generate sufficient revenues, we may suspend or cease operations.
  • BioSymetrics is an artificial intelligence (“AI”)-driven healthcare technology company operating in a rapidly evolving field with a limited operating history, which makes it difficult to evaluate its current business and predict future performance.
  • BioSymetrics has a history of net losses and anticipates that it may continue to incur net losses for the foreseeable future.
  • BioSymetrics’ AI platform and other products may fail to achieve the degree of market acceptance necessary for commercial success.
The other 48 risks
  • BioSymetrics may be unable to develop and commercialize new products.
  • If BioSymetrics’ products, or the products of its competitors, directly or indirectly result in harm or injury to patients, BioSymetrics could be subject to significant reputational and liability risks, and its operating results, reputation and business could suffer.
  • If BioSymetrics’ facilities or those of its third-party collaborators become inoperable, their ability to provide its products will be significantly impaired and its business will be harmed.
  • BioSymetrics’ business and results of operations will suffer if it fails to compete effectively.
  • If BioSymetrics cannot enter new collaborations in a timely manner and on acceptable terms, its efforts to develop and commercialize its products could be delayed or adversely affected.
  • If BioSymetrics is unable to establish sales and marketing capabilities, they may not be successful in commercializing their products.
  • Risks Related to the Development of Our Product Candidates
  • Regulatory and legislative developments on the use of AI and machine learning could adversely affect BioSymetrics’ use of such technologies in its platform and other products.
  • The results of pre-clinical studies or earlier clinical studies are not necessarily predictive of future results, and if we fail to demonstrate efficacy in our pre-clinical studies and/or clinical trials in the future our future business prospects, financial condition and operating results will be materially adversely affected.
  • Our novel gene, cell and immunotherapy product candidates and new therapeutic approaches could result in heightened regulatory scrutiny, delays in clinical development or delays in our ability to achieve regulatory approval or commercialization of our product candidates.
  • We face significant competition in an environment of rapid technological change and there is the possibility that our competitors may achieve regulatory approval before us or develop therapies that are more advanced or effective than ours, which may adversely affect our financial condition and our ability to successfully market or commercialize our product candidates.
  • Our reliance on third parties, such as university laboratories, contract manufacturing organizations and contract or clinical research organizations, may result in delays in completing, or a failure to complete, non-clinical testing or clinical trials if they fail to perform under our agreements with them.
  • Changes in healthcare law and implementing regulations, including government restrictions on pricing and reimbursement, as well as healthcare policy, may negatively impact our ability to generate revenues.
  • We have limited experience in drug development and may not be able to successfully develop any drugs, which would cause us to cease operations.
  • Disruptions at the FDA and other government agencies caused by funding shortages or global health concerns could hinder their ability to hire, retain or deploy key leadership and other personnel, or otherwise prevent new or modified products from being developed, approved or commercialized in a timely manner or at all, which could negatively impact our business.
  • Clinical trials are expensive, time-consuming, difficult to design and implement, and involve an uncertain outcome.
  • Enrollment and retention of patients in clinical trials is an expensive and time-consuming process and could be made more difficult or rendered impossible by multiple factors outside our control.
  • Risks Related to Our Technology and Intellectual Property
  • We have licensed a portion of our intellectual property from our licensors. If we breach any of our license agreements with these licensors, or otherwise experience disruptions to our business relationships with our licensors, we could lose intellectual property rights that are important to our business.
  • If we are unable to obtain and maintain sufficient intellectual property protection for our product candidates, or if the scope of the intellectual property protection is not sufficiently broad, our ability to commercialize our product candidates successfully and to compete effectively may be adversely affected.
  • Third-party claims of intellectual property infringement may prevent or delay our development and commercialization efforts.
  • Issues in the development and use of AI, including machine learning and computer vision, in BioSymetrics’ AI platform may result in reputational harm or liability.
  • Failure of, or defects in, BioSymetrics’ machine learning and cloud-based computing infrastructure, or increased regulation in the machine learning space, could impair its ability to process data, develop products, or provide test results, and harm its business and results of operations.
  • Real or perceived errors, failures, or bugs in BioSymetrics’ platform and future products could adversely affect its business, results of operations, financial condition, and growth prospects.
  • BioSymetrics’ internal computer systems, or those expected to be used by its third-party research institution collaborators or other contractors or consultants, may fail or suffer security breaches.
  • If BioSymetrics or Renovaro Biosciences are unable to protect the confidentiality of their trade secrets, BioSymetrics’ or Renovaro Biosciences’ business and competitive position would be harmed.
  • We depend on our information technology and telecommunications systems and those of third parties, the failure or disruption of which could harm our business.
  • Intellectual property litigation may lead to unfavorable publicity that harms our reputation.
  • Renovaro Biosciences’ and BioSymetrics’ success depends on our ability to develop and commercialize our technology without infringing, misappropriating, or otherwise violating the intellectual property of third parties. Third parties may initiate legal proceedings alleging that Renovaro Biosciences or BioSymetrics is infringing their intellectual property rights, and if they prevail, could block sales of Renovaro Biosciences’ or BioSymetrics’ products and force us to make large damages and/or royalty payments, which could have a material adverse effect on the success of our business.
  • BioSymetrics’ use of open-source software could subject our proprietary technology to unwanted open-source license conditions that could negatively impact its business.
  • The success and growth of BioSymetrics’ business depends upon their ability to continuously innovate and develop new products and technologies.
  • BioSymetrics’ AI platform and other related products may become obsolete due to fast growing technological innovations or the entry of competitors with more financial and brand power.
  • We may not be able to protect our intellectual property rights throughout the world.
  • Risks Related to Employee Matters and Managing Growth
  • We have limited corporate infrastructure and may experience difficulties in managing growth.
  • Management and employee turnover creates uncertainties and could harm our business.
  • Renovaro Biosciences and BioSymetrics are highly dependent on their key personnel. If Renovaro Biosciences or BioSymetrics are not successful in attracting, motivating and retaining highly qualified personnel, they may not be able to successfully implement their business strategy.
  • BioSymetrics will need to grow the size and capabilities of its organizations, and may experience difficulties in managing this growth.
  • Renovaro Biosciences’ or BioSymetrics’ employees, independent contractors, consultants, commercial partners and vendors may engage in misconduct or other improper activities, including noncompliance with regulatory standards and requirements.
  • Risks Related To Our Business Operations
  • Our business plan may lead to the initiation of one or more product development programs, the discontinuation of one or more development programs, or the execution of one or more transactions that investors do not agree with or that investors do not perceive as favorable to their investment in our Common Stock.
  • If serious adverse events or other undesirable side effects or safety concerns attributable to our product candidates occur, they may adversely affect or delay our clinical development and commercialization of some or all of our product candidates.
  • Renovaro Biosciences’ and BioSymetrics’ business is subject to economic, political, regulatory and other risks associated with international operations.
  • Risks Related to our Common Stock
  • Our stock price has been and will likely continue to be volatile and may decline regardless of our operating performance.
  • We may be unable to maintain compliance with the continued listing requirements of The Nasdaq Capital Market, and our Common Stock could be delisted.
  • The conversion of our Series B Convertible Preferred Stock would result in substantial dilution to our existing stockholders, and the Series B Preferred Stock ranks senior to our Common Stock upon liquidation.
  • Sales of a substantial number of shares of our Common Stock in the public market could cause our stock price to fall.
  • We have incurred and will continue to incur increased costs as a result of being a public company and our management expects to devote substantial time to public company compliance programs.
  • We have identified a material weakness in our internal control over financial reporting. If we fail to remediate the material weakness, or otherwise fail to maintain effective internal control over financial reporting, our ability to report our financial results accurately and timely could be adversely affected.
  • Because we do not anticipate paying any cash dividends on our capital stock in the foreseeable future, capital appreciation, if any, will be the sole source of potential gain for our stockholders.
  • Future sales and issuances of our Common Stock or rights to purchase Common Stock, including pursuant to our equity incentive plans, could result in additional dilution of the percentage ownership of our stockholders and could cause our stock price to fall.
  • Some terms of our charter documents and Delaware law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our stockholders and may prevent attempts by our stockholders to replace or remove our current management.

Legal proceedings

Securities Class Action Litigation. On July 26, 2022 and July 28, 2022, securities class action complaints (the former, the “Chow Action” and the latter, the Manici Action”) were filed by purported stockholders of the Company in the United States District Court for the Central District of California against the Company and certain of the Company’s current and former officers and directors. The complaints allege, among other things, that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 thereunder, by making false and misleading statements and omissions of material fact in connection with the Company’s relationship with Serhat Gümrükcü and its commercial prospects. The complaints seek unspecified damages, interest, fees, and costs. On November 22, 2022, the Manici Action was voluntarily dismissed without prejudice. The Chow Action (also referred to as the “Securities Class Action Litigation”) remains pending. On October 22, 2023, the Court appointed a lead plaintiff in the Chow Action. The lead plaintiff filed an amended complaint on December 15, 2023. The Company filed a motion to dismiss the amended complaint on March 15, 2024. The Court denied the Company’s motion to dismiss on June 28, 2024. A mediation was held on September 17, 2024, after which the parties signed a stipulation of settlement. The court granted the lead plaintiff’s motion for preliminary approval of the settlement on August 18, 2025. Plaintiff filed a motion for final approval of the settlement on October 21, 2025. On November 25, 2025, the court held a hearing on lead plaintiff’s motion for final approval of the settlement, and it is currently pending before the court.

The opening of Item 3, Legal Proceedings.7

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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