Company: SMNR
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001013762-25-003461
Chunk: 38

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 38
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 additional funds to complete an initial business combination and there can be no assurance that such funds will be available on terms acceptable to us or at all. You are not being asked to vote on an initial business combination at this time. If the extension is implemented and you do not elect to redeem your public shares, provided that you are a shareholder on the record date for a meeting to consider an initial business combination, you will retain the right to vote on an initial business combination when 23

it is submitted to shareholders and the right to redeem your public shares for cash in the event an initial business combination is approved and completed or we have not consummated an initial business combination by the Extended Date. If the Extension Amendment Proposal is approved, the Sponsor (or its affiliates or permitted designees or a third party) will have the option to contribute to the Company a loan of up to a maximum of $120,293.92 for a total of eight (8) one -monthextensions until the Extended Date. The redemption amount per share at the meeting for such initial business combination or the Company’s liquidation will depend on the number of public shares that remain outstanding after redemptions in connection with the Extension Amendment. Below, as reference, is a table estimating the approximate per -shareamount to be paid in connection with each one -monthextension period, depending on the percentage of redemptions received in connection with the Extension Amendment. For example, if 50% of the public shares remain outstanding after redemptions in connection with the Extension Amendment, then the amount deposited per share for such one -monthperiod will be approximately $0.04 per share. If 15% of the public shares remain outstanding after redemptions in connection with the Extension Amendment, then the amount deposited per share for such one -monthperiod will be approximately $0.13 per share.

| % of Redemptions 
 at Extension     |     | Shares Redeemed 
    at Extension |     | Shares Remaining 
     at Extension |     | Extension Contribution 
 per Share per Month    |       |
|:-----------------|:----|----------------:|:----|-----------------:|:----|:-----------------------|------:|
| 25%              |     |         187,959 |     |          563,878 |     | $                      | 0.027 |
| 40%              |     |         300,735 |     |          451,102 |     | $                      | 0.033 |
|