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RENOVARO INC

For the period ended Mar 31, 2024. Filed May 15, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

LNAI$0.16-30.2%Stored close · as of Oct 29, 2026

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U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period endedMarch 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission file number 001-38758

Renovaro Inc.

(Exact name of registrant as specified in its charter)

Delaware45-2559340
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification Number)
2080 Century Park East, Suite 906 Los Angeles, CA90067
(Address of principal executive offices)(Zip Code)

+1(305)918-1980

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $0.0001 per shareRENBThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

As of May 10, 2024, the number of shares of the registrant’s Common Stock outstanding was 147,504,944.

- INDEX -

Page
PART I – FINANCIAL INFORMATION:1
Item 1.Financial Statements (Unaudited):1
Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and June 30, 20232
Condensed Consolidated Statements of Operations for the Three and Nine Months Ended March 31, 2024, and 2023 (Unaudited)3
Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended March 31, 2024, and 2023 (Unaudited)4
Condensed Consolidated Statements of Stockholders’ Equity for the Nine Months Ended March 31, 2024, and 2023 (Unaudited)5
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended March 31, 2024, and 2023 (Unaudited)7
Notes to the Condensed Consolidated Financial Statements (Unaudited)8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations37
Item 3.Quantitative and Qualitative Disclosures About Market Risk47
Item 4.Controls and Procedures47
PART II – OTHER INFORMATION:48
Item 1.Legal Proceedings48
Item 1A.Risk Factors50
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds66
Item 3.Defaults Upon Senior Securities66
Item 4.Mine Safety Disclosures66
Item 5.Other Information66
Item 6.Exhibits67
Signatures68

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