Company: SMNR
Filing Date: 2025-08-12
Form Type: S-4/A
Source: 0001193125-25-178821
Chunk: 450

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-12
Form: S-4/A
Chunk 450
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:--|:----|:-----|---------:|:--|:----|:----------------|---------:|:--|
| Cash and cash equivalents   |     | $                  |       12 |   |     | $    |       12 |   |     | $               |        7 |   |
| Total assets                |     |                    |    6,684 |   |     |      |      703 |   |     |                 |    7,513 |   |
| Total liabilities           |     |                    |   49,468 |   |     |      |   38,797 |   |     |                 |   50,962 |   |
| Total stockholders' deficit |     |                    |  (42,784 | ) |     |      |  (38,094 | ) |     |                 |  (43,449 | ) |
| Accumulated deficit         |     |                    | (115,384 | ) |     |      | (110,694 | ) |     |                 | (116,049 | ) |
| Net working capital(1)      |     | $                  |    5,960 |   |     | $    |     (882 | ) |     | $               |    6,617 |   |

| (1) | Net working capital is equal to the difference between Semnur’s current assets and current liabilities. |

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SUMMARY UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION The following summary unaudited pro forma condensed combined financial information (the “Summary Pro Forma Information”) presents the combination of the financial information of Denali and Semnur after giving effect to the transactions contemplated by the Merger Agreement, including the Business Combination, and related adjustments further described in the section titled “ Unaudited Pro Forma Condensed Combined Financial Information.” The summary unaudited pro forma condensed combined balance sheet data as of March 31, 2025 gives effect to the Business Combination as if it had occurred on March 31, 2025. The summary unaudited pro forma condensed combined statements of operations data for the three months ended March 31, 2025 and the year ended December 31, 2024 give effect to the Business Combination as if it had occurred on January 1, 2024. The unaudited pro forma condensed combined financial information is based on, and should be read in