RENB
Lunai Bioworks Inc. Common Stock
stock NASDAQ

Hey guys, do you remember the whole dark story behind its co-founder, Serhat Gumrukçu? Well, here are some updates about this.
For years, Renovaro presented itself as a pioneering biotech company built on intellectual property developed by Gumrukçu. The company promoted him as a credentialed scientific innovator, with nearly 88% of the company’s assets tied to his licensed IP.
Even when the company’s former CEO and CFO questioned him, the company decided to terminate its contracts.
But, in 2022, Gumrukçu was arrested for his role in a 2018 murder-for-hire plot, and a Hindenburg Research report revealed his history of fraud and falsified credentials, as well as Renovaro's heavy reliance on his work (really shady, imo).
After that, $RENB collapsed by 53% between the arrest and the report’s release. And investors filed a lawsuit. 
Now, Renovaro agreed to settle for $2.5M, and the court finally approved the settlement. So if you were hit by this, you can check the details and [file a claim here](https://11th.com/cases/enochian-biosciences-investor-settlement) or through the settlement admin website.
Anyways, did you remember this whole situation? Do you think the company can strengthen its market position?

Hey guys, do you remember the whole dark story behind its co-founder, Serhat Gumrukçu? Well, here are some updates about this.
For years, Renovaro presented itself as a pioneering biotech company built on intellectual property developed by Gumrukçu. The company promoted him as a credentialed scientific innovator, with nearly 88% of the company’s assets tied to his licensed IP.
Even when the company’s former CEO and CFO questioned him, the company decided to terminate its contracts.
But, in 2022, Gumrukçu was arrested for his role in a 2018 murder-for-hire plot, and a Hindenburg Research report revealed his history of fraud and falsified credentials, as well as Renovaro's heavy reliance on his work (really shady, imo).
After that, $RENB collapsed by 53% between the arrest and the report’s release. And investors filed a lawsuit. 
Now, Renovaro agreed to settle for $2.5M, and the court finally approved the settlement. So if you were hit by this, you can check the details and [file a claim here](https://11th.com/cases/enochian-biosciences-investor-settlement) or through the settlement admin website.
Anyways, did you remember this whole situation? Do you think the company can strengthen its market position?