Company: SMNR
Filing Date: 2025-06-11
Form Type: S-4/A
Source: 0001193125-25-139124
Chunk: 624

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-06-11
Form: S-4/A
Chunk 624
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 Semnur Series A Preferred Stock are issued in the Business Combination as Preferred Consideration; and (iv) that there will be an aggregate of 211,565,625. |

| • |     | Shares of New Semnur Common Stock issued and outstanding, which number of shares of New Semnur Common Stock is comprised of (a) the 2,572,500 Denali Ordinary Shares currently outstanding are exchanged for a corresponding number of shares of New Semnur Common Stock in connection with the Business Combination; (b) an aggregate of 200,600,000 shares of New Semnur Common Stock that are issued in the Business Combination (such number of shares being based upon (1) 200,000,000 shares of New Semnur Common Stock issued as Merger Consideration and (2) a maximum of 600,000 shares of New Semnur Common Stock issued in connection with the exchange of a maximum of 6,000,000 shares of Semnur Preferred Stock as Preferred Consideration); (c) 86,625 shares of New Semnur Common Stock issued to the Denali Underwriters pursuant to the Deferred Discount Agreement at Closing; (d) 8,000,000 shares of New Semnur Common Stock are issued immediately following the closing of the Business Combination pursuant to the Consulting Services Agreements; and (e) that the Denali Promissory Notes are fully converted into 323,161 shares of New Semnur Common Stock in connection with Closing. |

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|                                                                                                                          |     |                          |         |    |     |       |       |   |     |              |           |    |     |       |       |   |     |         |       |   |     | Post-Business Combination |             |     |     |       |       |   |     |              |           |     |       |     |   |     |         |       |   |     |                             |             |     |     |       |       |   |     |              |           |     |       |     |   |     |         |       |   |
|                                                                                                                          |     | Pre-Business Combination |         |    |     |       |       |   |     |              |           |    |     |       |       |   |     |         |       |   |     | Assuming No Redemptions   |             |     |     |       |       |   |     |              |           |     |