Company: SMNR
Filing Date: 2025-07-02
Form Type: S-4/A
Source: 0001193125-25-154936
Chunk: 117

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-02
Form: S-4/A
Chunk 117
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, Denali may request an additional aggregate amount of up to $591,800, which may be drawn down in one or more tranches at any time prior to the maturity date, raising the total limit up to $2,000,000. As of March 31, 2025, there was an amount of $1,408,200 remained outstanding under the Sponsor Convertible Promissory Note issued to Sponsor. |

| (2) | On July 11, 2023, Denali issued a convertible promissory note (the “FutureTech Convertible Promissory Note”) in the total principal amount of $825,000 to FutureTech, and 100% of such amount has been utilized to fund the required payment in order to extend the period of time Denali has to consummate a business combination from July 11, 2023 to October 11, 2023. |

| (3) | On October 11, 2023, Denali issued another convertible promissory note in the total principal amount of up to $450,000 to FutureTech (the “Second FutureTech Convertible Promissory Note”). The Second FutureTech Convertible Promissory Note was issued with an initial principal balance of $50,000, with the remaining $400,000 drawable at Denali’s request and upon the consent of FutureTech prior to the maturity of the Second FutureTech Convertible Promissory Note. The Second FutureTech Convertible Promissory Note has been utilized to fund the required payment in order to extend the period of time Denali has to consummate a business combination from November 11, 2023 to July 11, 2024. As of March 31, 2025, there was an amount of $1,275,000 outstanding under the FutureTech Convertible Promissory Note and the Second FutureTech Convertible Promissory Note. |

| (4) | On July 10, 2024, Denali issued the Sponsor Extension Convertible Promissory Note in the total principal amount of up to $180,000 to the Sponsor. The Sponsor Extension Convertible Promissory Note was issued with an initial principal balance of $15,037, with the remaining $164,963 drawable at Denali’s request and upon the consent of the Sponsor prior to the maturity of the Sponsor Extension Convertible Promissory Note. The initial principal balance of $15,037 was used to extend the period of time Denali has