Company: SMNR
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001193125-25-177097
Chunk: 102

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-08
Form: S-4/A
Chunk 102
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 Stock and New Semnur Warrants shall remain listed or quoted on the OTC Markets through the Effective Time, and the listing application for the New Semnur Common Stock and the New Semnur Warrants following the Effective Time shall have been approved by the OTC Markets or such other national securities exchange or automated quotation system as agreed to in writing by Denali and Semnur, and as of the Closing Date, Denali shall not have received any written notice from the OTC Markets or such other exchange that it has failed, or would reasonably be expected to fail to meet such exchange’s continued listing requirements as of immediately following the Closing for any reason, where such notice has not been subsequently withdrawn by such exchange or the underlying failure appropriately remedied or satisfied. |

| • |     | The Domestication shall have been completed as provided in the Merger Agreement and a time-stamped copy of the certificate issued by the Secretary of State of the State of Delaware in relation thereto shall have been delivered to Semnur. |

| • |     | The New Semnur Certificate of Designations shall have been filed with, and accepted by, the Secretary of State of Delaware. |

| • |     | The pre-signing certificate of merger to eliminate legacy subsidiaries of Denali shall have become effective in accordance with its terms and the DGCL. |

Termination; Effectiveness The Merger Agreement may be terminated and the transactions contemplated thereby abandoned:

| • |     | by the mutual written consent of Semnur and Denali; |

| • |     | by Denali, if any of the representations or warranties of Semnur set forth in the Merger Agreement shall not be true and correct, or if Semnur has failed to perform any covenant or agreement on the part of the Semnur set forth in the Merger Agreement (including an obligation to consummate the Closing), in each case such that the conditions to Denali’s obligations to consummate the Business Combination with respect to the accuracy of Semnur’s representations and warranties or compliance with its |

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| • |     | by Semnur, if any of the representations or warranties of Denali or Merger Sub set forth in the Merger Agreement shall not be true and correct, or if Denali or Merger Sub has failed to perform any covenant or agreement on its part set forth in the Merger Agreement (including an obligation to consummate the Closing), in each case such that the conditions to Semnur’s obligations to consum