---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-25-000948"
form_type: "8-K"
ticker: "LNAI"
cik: "0001527728"
company_name: "Lunai Bioworks Inc."
filed_at: "2025-07-09T23:59:59+00:00"
generated_at: "2026-05-18T08:52:24.555704+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Renovaro exchanges $9.7M secured debt for $16.1M convertible notes, converted to 53.6M shares

## Summary
- Exchanged $9.7M in secured promissory notes for $16.1M in convertible notes (65% premium).
- Convertible notes immediately converted into 53.6M shares at $0.30/share (premium to market).
- Transaction eliminated $9.7M secured debt; no cash proceeds received by the company.
- Conversion price exceeded July 7 closing price, so no Nasdaq stockholder approval needed.
- Issuance to accredited existing shareholders exempt from registration under Section 4(a)(2)/Reg D.

## SEC filing metadata
- accession: 0001731122-25-000948
- form_type: 8-K
- ticker: LNAI
- cik: 0001527728
- company_name: Lunai Bioworks Inc.
- filed_at: 2025-07-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527728/000173112225000948/0001731122-25-000948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527728/000173112225000948/e6687_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-25-000948
- JSON: https://secwatch.observer/filing/0001731122-25-000948.json
- Plain text: https://secwatch.observer/filing/0001731122-25-000948.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.