Company: SMNR
Filing Date: 2025-08-12
Form Type: S-4/A
Source: 0001193125-25-178821
Chunk: 32

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-12
Form: S-4/A
Chunk 32
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 for the Approval of the Business Combination194Certain Semnur Projected Financial Information197Interests of Certain Persons in the Business Combination205Compensation Received or to be Received by, and Securities Issued or to be Issued to, the Sponsor and its Affiliates210Restrictions on the Transfer of Securities211Satisfaction of 80% Test213Regulatory Approvals213Appraisal Rights213Total Shares of Common Stock and Preferred Stock Outstanding Upon Consummation of the Business Combination214Stock Exchange Listing216Anticipated Accounting Treatment216Redemption Rights216Vote Required for Approval218Resolution to be Voted Upon218Recommendation of the Denali Board218THE MERGER AGREEMENT219Business Combination219Merger Consideration219Impact of Business Combination on the Units220Closing220Representations and Warranties220Material Adverse Effect221Conduct of Business by Semnur222Conduct of Business by Denali223Non-solicitationProvision224Other Agreements of the Parties224Closing Conditions225Termination; Effectiveness227Waiver; Amendments228Fees and Expenses228Amendments to the Merger Agreement229Certain Related Agreements and Arrangements229Other Ancillary Agreements Related to the Business Combination230PROPOSAL 2 — THE DOMESTICATION PROPOSAL232Reasons for the Domestication232Expected Accounting Treatment of the Domestication233Vote Required for Approval233Resolution to be Voted Upon233Recommendation of the Denali Board233ii

#### PAGEPROPOSAL 3 — THE CHARTER APPROVAL PROPOSAL234Overview234Reasons for the Approval of the Charter Approval Proposal234Vote Required for Approval236Resolution to be Voted Upon236Recommendation of the Denali Board237PROPOSAL 4 — THE BYLAWS APPROVAL PROPOSAL238Overview238Reasons for the Approval of the Bylaws Approval Proposal238Vote Required for Approval238Resolution to be Voted Upon238Recommendation of the Denali Board238PROPOSALS5A-5G — THEADVISORY GOVERNANCE PROPOSALS240Overview240Advisory Governance Proposals240Reasons for Approval of the Advisory Governance Proposals243Vote Required for Approval244Resolution to be Voted Upon245Recommendation of the Denali Board246PROPOSAL 6 — THE DIRECTOR ELECTION PROPOSAL247Overview247Director Nominees247Vote Required for Approval247Resolution to be Voted Upon248Recommendation of the Denali Board248PROPOSAL 7 — THE