Company: SMNR
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001193125-25-179226
Chunk: 916

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 916
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 date that that is six (6) months following delivery of the Audited 2022/2023 Financial Statements to the Parent Parties pursuant to or such other date that is mutually agreed to by the
Company and Parent in writing (the “”) and (B) such other matters as the Company and Parent shall mutually determine to be necessary or appropriate in order to effect the Extension Amendment; and
(ii) execute and deliver such other documents and take such other actions, as may reasonably be necessary to effectuate the Extension Amendment. Notwithstanding anything to the contrary, the right to make a written request pursuant to the
preceding sentence shall not be available to a party if the potential failure of the Merger to be consummated by April 11, 2025 was due to such party’s breach of or failure to perform any of its covenants or agreements set forth in this
Agreement in any material respect.

(b) As promptly as reasonably practicable following the time at which the proxy statement contemplated
by is cleared by the SEC, Parent shall (i) establish the record date for, duly call, give notice of and (ii) duly convene and hold the applicable extraordinary general meeting.

7.24 . Parent and the Company shall use their commercially reasonable efforts to assure
that, as mutually determined by Parent and the Company, Parent will have sufficient funds at the Closing to pay the Outstanding Parent Expense Amount and the Outstanding Company Expense Amount in full. Such efforts may include, without limitation,
obtaining a backstop, put, forward contract, debt, equity or convertible financing, or other similar arrangement, in each case, on terms that are mutually agreed to by Parent and the Company.

A-1-50

7.25 . Following the
effectiveness of the Domestication and the filing of the Parent Certificate of Incorporation, but prior to the Effective Time, Parent shall file with the Secretary of State of Delaware a certificate of designations in the form attached as (the “”), which provides for, among other things, the designations, powers, rights and preferences and qualifications, limitations and restrictions of the “Series A
Preferred Stock” of Parent (such shares, “”). For the avoidance of doubt, the Domesticated Parent Certificate of Designations shall not be considered part of the Organizational Documents
of the Parent.

7.26 . Prior to the Effective Time, the Company shall
enter into employment agreements, on a form reasonably acceptable to Sponsor, with each of the Company Key Executives to