Company: SMNR
Filing Date: 2025-07-02
Form Type: S-4/A
Source: 0001193125-25-154936
Chunk: 393

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-02
Form: S-4/A
Chunk 393
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 failure to perform any covenant or agreement, as applicable, are not cured (or waived by Denali) by the earlier of (i) the Outside Date or (ii) 30 days after written notice thereof is delivered to Semnur; provided, however, that Denali shall not have the right to terminate the Merger Agreement if Denali or Merger Sub is then in material breach of any representation, warranty, covenant, or obligation under the Merger Agreement, which breach has not been cured; |

| • |     | 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 consummate the Business Combination with respect to the accuracy of Denali’s and Merger Sub’s representations and warranties or compliance with their covenants and agreements, in each case, as set forth in the Merger Agreement, would not be satisfied and the breach or breaches causing such representations or warranties not to be true and correct, or the failure to perform any covenant or agreement, as applicable, are not cured (or |

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| waived by Semnur) by the earlier of (i) the Outside Date or (ii) 30 days after written notice thereof is delivered to Denali; provided, however, that Semnur shall not have the right to terminate the Merger Agreement pursuant to this provision if Semnur is then in material breach of any representation, warranty, covenant, or obligation under the Merger Agreement, which breach has not been cured; |

| • |     | by either Semnur or Denali: |

| (ii) | if any order prohibiting the consummation of the Business Combination (provided, that the governmental authority issuing such order has jurisdiction over Denali and Semnur with respect to the transactions contemplated by the Merger Agreement) is in effect and shall have become final and non-appealable; |

| • |     | by Semnur if any of the Condition Precedent Proposals fail to receive the requisite approval of Denali’s public shareholders at the Meeting (unless the Meeting has been adjourned or postponed, in which case at the final adjournment or postponement thereof); |

| • |