secwatch.observer — SEC 8-K summary
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Issuer:     Lunai Bioworks Inc. (LNAI)
CIK:        0001527728
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001731122-24-001001
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Renovaro closes $10M private placement of common stock and warrants at $1.4726/unit
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- Sold 6,421,256 units (1 share + 1/10 warrant) at $1.4726 each, raising ~$9.45M in cash and debt conversions.
- Cash proceeds of $5.8M from one investor; $478k cash plus $3.19M note conversion from second; $66k cash plus $468k note from third.
- Warrants exercisable at $1.4726 per share for 5 years, representing 10% dilution on exercised shares.
- Net proceeds allocated for general corporate purposes.
- CEO comments on potential future grants, loans, subsidies from US and European institutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527728/000173112224001001/0001731122-24-001001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527728/000173112224001001/e5764_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-001001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer