Company: SMNR
Filing Date: 2025-08-12
Form Type: S-4/A
Source: 0001193125-25-178821
Chunk: 637

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-12
Form: S-4/A
Chunk 637
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 exempted company and our affairs are governed by our amended and restated memorandum and articles of association, the Companies Act and the common law of the Cayman Islands. Pursuant to our amended and restated memorandum and articles of association, we are authorized to issue 200,000,000 Denali Class A Ordinary Shares, $0.0001 par value, and 20,000,000 Denali Class B Ordinary Shares, $0.0001 par value, as well as 1,000,000 preference shares, $0.0001 par value each. The following description summarizes the material terms of our shares as set out more particularly in our amended and restated memorandum and articles of association. Because it is only a summary, it may not contain all the information that is important to you.

Public Units

Each Public Unit consists of one Denali Class A Ordinary Share and one Public Warrant. Each whole Public Warrant consists of one redeemable warrant entitling the holder thereof to purchase one Denali Class A Ordinary Share at a price of $11.50 per share, subject to adjustment as described herein.

The Denali Class A Ordinary Shares and Public Warrants comprising the Public Units, upon election of the public shareholders, began separate trading on May 31, 2022. Commencing on that date, holders have the option to continue to hold Public Units or separate their Public Units into the component securities. Holders will need to have their brokers contact our transfer agent in order to separate the Public Units into Denali Class A Ordinary Shares and Public Warrants. No fractional Warrants will be issued upon separation of the Public Units and only whole Public Warrants will trade. As of April 17, 2025, there are 14,622 Public Units issued and outstanding.

Ordinary Shares

Ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders; provided that holders of Denali Class B Ordinary Shares will have ten votes per share solely with respect to the Domestication Proposal. Except as described below, holders of Denali Class A Ordinary Shares and holders of the Denali Class B Ordinary Shares will vote together as a single class on all matters submitted to a vote of our shareholders except as required by law. Unless specified in our amended and restated memorandum and articles of association, or as required by applicable provisions of the Companies Act or applicable stock exchange rules, an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority of the