Company: SMNR
Filing Date: 2025-07-02
Form Type: S-4/A
Source: 0001193125-25-154936
Chunk: 583

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-02
Form: S-4/A
Chunk 583
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   |       |
|:---------------------------------------------------|:----|:--|------:|
| Cash repayment of deferred underwriting fees       |     | $ | 2,022 |
| Share settlement of the deferred underwriting fees |     |   |   866 |
| Total                                              |     | $ | 2,888 |

| (H) | Reflects the remaining carrying value of $9.1 million reflected as the reclassification of Denali Class A Ordinary Shares from temporary equity to permanent equity. |

| (I) | Reflects conversion and recapitalization of Semnur Common Stock and Semnur Preferred Stock into New Semnur Common Stock and New Semnur Class A Preferred Stock pursuant to the Merger Agreement. |

| (J) | Represents pro forma adjustments to additional paid-in capital balance to reflect the following: |

| (In thousands)                                                                                                                        |     |   |         |   |
|:--------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------:|:--|
| Elimination of Historical Denali Retained Earnings                                                                                    |     | $ | (10,737 | ) |
| Represents reclassification of deferred transaction costs incurred by Semnur as of balance sheet date                                 |     |   |  (6,817 | ) |
| Represents estimated transaction costs to be incurred by Denali and Semnur subsequent to the balance sheet date                       |     |   |  (5,569 | ) |
| Reflects share repayment of Promissory Notes issued as of balance sheet date                                                          |     |   |   3,078 |   |
| Reflects share repayment of Promissory Notes issued subsequent to the balance sheet date                                              |     |   |      96 |   |
| Represents additional paid-in capital for deferred underwriting fees as of balance sheet date to be settled in shares (see (G) above) |     |   |     866 |   |
| Reclassification of Denali redeemable common stock                                                                                    |     |   |     527 |   |
| Reflects recapitalization of Semnur(1)                                                                                                |     |   |  59,981 |   |
| Total                                                                                                                                 |     | $ |  41,425 |   |

355

| (1) | The adjustment to additional paid-in capital for recapitalization of Semnur is derived as follows: |

| (In thousands)                                                                                             |     |   |        |   |
|:-----------------------------------------------------------------------------------------------------------|: