Company: SMNR
Filing Date: 2025-07-02
Form Type: S-4/A
Source: 0001193125-25-154936
Chunk: 570

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-02
Form: S-4/A
Chunk 570
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| Total Number of Shares(9)              |     |               | 211,626,025 |     |           | 100.0 | % |     |                | 211,615,090 |     |           | 100.0 | % |     |                | 211,604,155 |     |           | 100.0 | % |     |                | 211,593,220 |     |           | 100.0 | % |     |                 | 211,582,286 |     |           | 100.0 | % |

| (1) | The redemption scenarios are based on an aggregate of 43,739 Denali Class A Ordinary Shares outstanding (comprised of 29,117 public shares outstanding as of the date of this proxy statement/prospectus and assume that the holders of 14,622 Public Units have voluntarily separated such units into their component parts prior to the Closing such that the 14,622 public shares underlying such units are available for redemption in connection with the Business Combination) and exclude the dilutive effect of the issuances referred to in footnote (9) below. Such number of shares takes into account the following prior redemptions of Denali |

345

| Class A Ordinary Shares: (a) 3,712,171 Denali Class A Ordinary Shares redeemed at a per share redemption price of $10.92 in connection with the Extension Meeting that occurred on October 11, 2023 to amend Denali’s amended and restated memorandum and articles of association, (b) 3,785,992 Denali Class A Ordinary Shares redeemed at a per share redemption price of $11.47 in connection with the Second Extension Meeting that occurred on July 10, 2024 to amend Denali’s amended and restated memorandum and articles of association, and (c) 708,098 Denali Class A Ordinary Shares redeemed at a per share redemption price of $12.17 in connection with the Third Extension Meeting that occurred on April 11, 2025 to amend Denali’s amended and restated memorandum and articles of association. |

| (2) | The interim redemption scenarios assume the following: |

| Number of Denali    
 Redemption Scenario |     | Class A Ordinary Shares Redeemed |        |     | Redemption Payments |         |
|:--------------------|:----|:---------------------------------|-------:|:----|:--------------------|--------:|
| 25%                 |     |                                  | 10