Company: SMNR
Filing Date: 2025-07-23
Form Type: S-4/A
Source: 0001193125-25-163401
Chunk: 415

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-23
Form: S-4/A
Chunk 415
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 Lieu of Meeting; Special Meetings of Stockholders), VII (Limitation of Liability), VIII (Corporate Opportunities and Competition), IX (Exclusive Forum), X (Section 203 of the DGCL) and XI (Amendment of Certificate of Incorporation and Bylaws). |
| Advisory Proposal E — Required Vote to Amend the Proposed Bylaws                        |     | Under the Current Denali Charter, subject to applicable law and the provisions of the Current Denali Charter in regards to matters to be dealt with by ordinary resolution, Denali may, by special resolution, alter or add to the Current Denali Charter.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     | The Proposed Charter provides that from and after the occurrence of the Scilex Trigger Event, the affirmative vote of the holders of at least 66 2/3% of the voting power of the outstanding shares of stock entitled to vote thereon, voting together as a single class,                                                                                                                                                                                                                                                                                                                                                                      |

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| Advisory Governing Documents Proposal                                             |     | Current Denali Charter                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | Proposed Charter                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                   |     | Under the Current Denali Charter, article 29.1 (providing for the appointment or removal of the directors by ordinary resolution of the holders of Denali Class B Ordinary Shares at a general meeting) and article 47 (dealing with deregistrations and transfers out of the Cayman Islands) may only be amended by a special resolution passed by at least 90% of the shareholders (which must include a simple majority of the holders of Denali Class B Ordinary Shares) who vote in person or by proxy at a general meeting or passed by a unanimous written resolution. |     | shall be required in order for the stockholders of New Semnur to alter, amend or repeal, in whole or in part, any provision of the Proposed Bylaws or to adopt any provision inconsistent therewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Advisory Proposal F — Stockholder Action by Written Consent                       |     | The Current Denali Charter permits the shareholders to approve resolutions by way of unanimous written resolution.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | The Proposed Charter provides that any action required or permitted to be taken by the stockholders of New Semnur must be effected by a duly called annual or special meeting of such stockholders; provided, however, that prior to the Scilex Trigger Event, any action required or permitted to be taken at any annual or special meeting