Company: SMNR
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001193125-25-177097
Chunk: 627

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-08
Form: S-4/A
Chunk 627
---
 as the chairperson of the committee. Each of the members of the audit committee will satisfy the independence requirements under the applicable Nasdaq Listing Rules and SEC rules. Each member of the audit committee can read and understand fundamental financial statements under the applicable rules and regulations of the SEC and Nasdaq Listing Rules. The responsibilities of the audit committee will be included in a written charter. The audit committee will assist the New Semnur Board in fulfilling the New Semnur Board’s oversight responsibilities with respect to New Semnur’s accounting and financial reporting processes, the systems of internal control over financial reporting and audits of financial statements and reports, the performance of New Semnur’s internal audit function, the quality and integrity of New Semnur’s financial statements and reports, the qualifications, independence and performance of New Semnur’s independent registered public accounting firm, and New Semnur’s compliance with legal and regulatory requirements. For this purpose, the audit committee performs several functions. The audit committee’s responsibilities will include, among others:

| • |     | appointing, determining the compensation of, retaining, overseeing and evaluating New Semnur’s independent registered public accounting firm and any other registered public accounting firm engaged for the purpose of performing other review or attest services for New Semnur; |

| • |     | prior to commencement of the audit engagement, reviewing and discussing with the independent registered public accounting firm a written disclosure by the prospective independent registered public accounting firm of all relationships between New Semnur, or persons in financial oversight roles with New Semnur, and such independent registered public accounting firm or their affiliates; |

| • |     | determining and approving engagements of the independent registered public accounting firm, prior to commencement of the engagement, and the scope of and plans for the audit; |

| • |     | monitoring the rotation of partners of the independent registered public accounting firm on New Semnur’s audit engagement; |

| • |     | reviewing with management and the independent registered public accounting firm any fraud that includes management or other employees who have a significant role in New Semnur’s internal control over financial reporting and any significant changes in internal controls; |

| • |     | establishing and overseeing procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls or auditing matters and the confidential and anonymous submission by employees of concerns regarding questionable accounting, auditing or internal control matters; |

381

| • |     | reviewing the results of management’s efforts to monitor compliance with New Semnur’s programs and policies designed to