[SCHEDULE 13G] Lunai Bioworks Inc. SEC Filing
Rhea-AI Filing Summary
Lunai Bioworks Inc. received a joint Schedule 13G from Laksya Ventures Inc. and Neil Persh reporting beneficial ownership of 22,163,978 shares of common stock, representing 9.6% of 230,928,963 shares outstanding (per the issuer's Schedule 14A as of July 15, 2025). The 22,163,978 shares comprise 18,997,168 shares issued to Laksya Ventures upon conversion of convertible notes, 500,000 shares held directly by Laksya Ventures, and 2,666,810 shares held directly by Mr. Persh. Laksya Ventures is owned and controlled by Mr. Persh, who exercises sole voting and dispositive power over the reported shares. The filing includes a certification that the securities were not acquired to change or influence control of the issuer.
Positive
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Negative
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Insights
TL;DR: A single insider and his controlled entity report a notable 9.6% stake, created largely by convertible note conversions.
The Schedule 13G shows a meaningful minority position equal to 22.16 million shares or 9.6% of outstanding stock, largely resulting from conversions of convertible notes into equity. The disclosure clarifies ownership split and voting/dispositive authority, which concentrates control and economic exposure in Mr. Persh. For investors, this is material information about ownership structure but does not by itself indicate a change in corporate control, given the certification included in the filing.
TL;DR: Ownership and control are concentrated: the CEO controls both the reporting entity and the shares reported.
The filing documents that Laksya Ventures, owned and controlled by Neil Persh, and Mr. Persh jointly report beneficial ownership of 9.6% of shares. The filing specifies that Mr. Persh exercises sole voting and dispositive power over the reported shares. The Schedule 13G classification and the included certification indicate the holders believe the stake is passive rather than intended to effect control, but the governance implication is clear: a significant block is under the influence of one individual.