Company: SMNR
Filing Date: 2025-08-12
Form Type: S-4/A
Source: 0001193125-25-178821
Chunk: 453

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-12
Form: S-4/A
Chunk 453
---
   
 Combined    
 (Assuming   
 50%         
 Redemption) |             |   |     | Pro Forma   
 Combined    
 (Assuming   
 75%         
 Redemption) |             |   |     | Pro Forma   
 Combined    
 (Assuming   
 100%        
 Redemption) |             |   |
|:--------------------------------------------------------------------|:----|:-------------|------------:|:--|:----|:------------|------------:|:--|:----|:------------|------------:|:--|:----|:------------|------------:|:--|:----|:------------|------------:|:--|
| Net loss                                                            |     | $            |    (590,878 | ) |     | $           |    (590,878 | ) |     | $           |    (590,878 | ) |     | $           |    (590,878 | ) |     | $           |    (590,878 | ) |
| Weighted average shares outstanding — New Semnur, basic and diluted |     |              | 234,126,025 |   |     |             | 234,115,090 |   |     |             | 234,104,155 |   |     |             | 234,093,220 |   |     |             | 234,082,286 |   |
| Net loss per share — New Semnur, basic and diluted                  |     | $            |       (2.52 | ) |     | $           |       (2.52 | ) |     | $           |       (2.52 | ) |     | $           |       (2.52 | ) |     | $           |       (2.52 | ) |

272

<div align='center'>**TRADING MARKET AND DIVIDENDS**</div>

**Denali

Ticker Symbol and Market Price

The Public Units, Denali Class A Ordinary Shares and Public Warrants are each listed on the OTC Markets under the symbols “DNQUF,” “DNQAF,” and “DNQWF,” respectively.

The closing prices of the Public Units, Denali Class A Ordinary Shares and Public Warrants on August 29, 2024, the last trading day before announcement of the execution of the Merger Agreement, were $11.53, $11.48 and $0.0674, respectively. As of August 11, 2025, the most recent practicable date