Company: SMNR
Filing Date: 2025-08-12
Form Type: S-4/A
Source: 0001193125-25-178821
Chunk: 576

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-12
Form: S-4/A
Chunk 576
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INED STATEMENT OF OPERATIONS For the Year Ended December 31, 2024 (in thousands, except share and per share amounts)

| Operating Expenses                                                                                                        |     | Denali       
 Capital      
 Acquisition  
 Corp.        
 (Historical) |           |   |     | Semnur           
 Pharmaceuticals, 
 Inc.             
 (Historical)     |             |   |     | Autonomous  
 Entity      
 Adjustments 
 (Note 1)    |      |   |     | Pro Forma    
 Transactions 
 Accounting   
 Adjustment   |          |   |     |    |     | Pro Forma    
 Combined     
 (Assuming No 
 Redemptions) |             |   |     | Transaction 
 Accounting  
 Adjustments 
 (25%        
 Redemption  
 Scenario)   |          |   |     |    |     | Pro Forma     
 Combined      
 (Assuming 25% 
 Redemption)   |             |   |     | Transaction 
 Accounting  
 Adjustments 
 (50%        
 Redemption  
 Scenario)   |          |   |     |    |     | Pro Forma     
 Combined      
 (Assuming 50% 
 Redemption)   |             |   |     | Transaction 
 Accounting  
 Adjustments 
 (75%        
 Redemption  
 Scenario)   |          |   |     |    |     | Pro Forma   
 Combined    
 (Assuming   
 75%         
 Redemption) |             |   |     | Transaction 
 Accounting  
 Adjustments 
 (100%       
 Redemption  
 Scenario)   |          |   |     |    |     | Pro Forma   
 Combined    
 (Assuming   
 100%        
 Redemption) |             |   |
|:--------------------------------------------------------------------------------------------------------------------------|:----|:-------------|----------:|:--|:----|:-----------------|------------:|:--|:----|:------------|-----:|:--|:----|:-------------|---------:|:--|:----|:---|:----|:-------------|------------:|:--|:----|:------------|---------:|:--|:----|:---|:----|:--------------|------------:|:--|:----|:------------|---------:|:--|:----|:---|:----|:--------------|------------:|:--|:----|:------------|---------:|:--|:----|:---|:----|:------------|------------:|:--|:----|:------------|---------:|