Company: SMNR
Filing Date: 2025-06-11
Form Type: S-4/A
Source: 0001193125-25-139124
Chunk: 116

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-06-11
Form: S-4/A
Chunk 116
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 the Business Combination, Huifeng Chang shall hold a total of 20,000 shares of New Semnur Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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| Lei Huang           |     | Lei Huang, the Chief Executive Officer and Director of Denali, currently holds 50,000 Denali Class B Ordinary Shares. Upon the completion of the Business Combination, Lei Huang shall hold a total of 50,000 shares of New Semnur Common Stock. |     |                                                                                                                                                                                                  |
| Jim Mao             |     | Jim Mao, a director of Denali, currently holds 20,000 Denali Class B Ordinary Shares. Upon the completion of the Business Combination, Jim Mao shall hold a total of 20,000 shares of New Semnur Common Stock.                                   |     |                                                                                                                                                                                                  |
| You Sun             |     | You Sun, the Chief Financial Officer of Denali, currently holds 20,000 Denali Class B Ordinary Shares. Upon the completion of the Business Combination, You Sun shall hold a total of 20,000 shares of New Semnur Common Stock.                  |     |                                                                                                                                                                                                  |
| Kevin Vassily       |     | Kevin Vassily, a director of Denali, currently holds 20,000 Denali Class B Ordinary Shares. Upon the completion of the Business Combination, Kevin Vassily shall hold a total of 20,000 shares of New Semnur Common Stock.                       |     |                                                                                                                                                                                                  |
| Denali Underwriters |     | The Denali Underwriters are expected to receive the Common Stock Consideration upon closing of the Business Combination.                                                                                                                         |     | Remaining $2,021,250 of the aggregate Deferred Discount are expected to remain payable to the Denali Underwriters at Closing in cash in accordance with the terms of the Underwriting Agreement. |

The retention of shares by the Sponsor and the reimbursements payable to the Sponsor at Closing will not result in a material dilution of the equity interests of non-redeeming Denali Shareholders. See “ Proposal 1 — The Business Combination Proposal — Total Shares of Common Stock and Preferred Stock Outstanding Upon Consummation of the Business Combination.”

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Material Financing Transactions in connection with the Business Combination Since the IPO, the material financing transactions listed in the table below have occurred or will occur in connection with the consummation of the Business Combination, as described in further detail following the table.

| Date