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Lunai Bioworks Inc.

For the period ended Sep 30, 2025. Filed Nov 14, 2025.

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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.

Sep 30, 2025 · Filed Nov 14, 2025

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 endedSeptember 30, 2025

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

Lunai Bioworks Inc.

(Exact name of registrant as specified in its charter)

Delaware45-2259340
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification Number)
3400 Cottage Way, Suite G2 #32562 Sacramento, CA95825
(Address of principal executive offices)(Zip Code)

+1(424) 222-9301

(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 shareLNAIThe 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 November 10, 2025, the number of shares of the registrant’s Common Stock outstanding was 23,432,391.

- INDEX -

Page
PART I – FINANCIAL INFORMATION:1
Item 1.Financial Statements (Unaudited):1
Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and June 30, 20252
Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2025, and 2024 (Unaudited)3
Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended September 30, 2025, and Loss for the Three Months Ended 2024 (Unaudited)4
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the Three Months Ended September 30, 2025, and 2024 (Unaudited)5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2025, and 2024 (Unaudited)6
Notes to the Condensed Consolidated Financial Statements (Unaudited)7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25
Item 3.Quantitative and Qualitative Disclosures About Market Risk34
Item 4.Controls and Procedures34
PART II – OTHER INFORMATION:35
Item 1.Legal Proceedings35
Item 1A.Risk Factors38
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds38
Item 3.Defaults Upon Senior Securities38
Item 4.Mine Safety Disclosures38
Item 5.Other Information38
Item 6.Exhibits39
Signatures40
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