Company: SMNR
Filing Date: 2025-08-22
Form Type: DEFA14A
Source: 0001213900-25-079507
Chunk: 7

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-22
Form: DEFA14A
Chunk 7
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 and conditions set forth therein, (i) prior to the time at which the Business Combination (as defined below) becomes effective (the “ Effective Time”), Denali will change its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware (the “ Domestication”) and (ii) at the Effective Time, and following the Domestication, Merger Sub will merge with and into Semnur (the “ Business Combination”), with Semnur continuing as the surviving entity and wholly owned subsidiary of Denali. Denali, upon giving effect to the closing of the Business Combination, shall be referred to in this Agreement as “ New Semnur”.

3. Each Buyer wishes to purchase, and Denali (as New Semnur) wishes to sell, upon the terms and conditions stated in this Agreement, such aggregate number of shares of common stock, par value $0.0001 per share, of New Semnur (the “ New Semnur Common Stock”), set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers, which aggregate amount for all Buyers together shall be 1,250,000 shares of New Semnur Common Stock (subject to adjustment for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof) (collectively, the “ Common Shares”).

4. Semnur, Denali and each Buyer is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “ 1933 Act”), and Rule 506(b) of Regulation D (“ Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “ SEC”) under the 1933 Act.

NOW, THEREFORE, Semnur, Denali and each Buyer hereby agree as follows:

1. PURCHASE AND SALE OF COMMON SHARES.

(a) Purchase of Common Shares. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, Denali (as New Semnur) shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from Denali (as New Semnur) on the Closing Date (as defined below), the number of Common Shares as is set forth opposite