Company: SMNR
Filing Date: 2025-07-02
Form Type: S-4/A
Source: 0001193125-25-154936
Chunk: 835

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-02
Form: S-4/A
Chunk 835
---
 2024 |   |     |   | 2023 |   |
|:-------------------------------|:----|:-------------|-----:|:--|:----|:--|-----:|:--|
| Construction-in-progress       |     | $            |  689 |   |     | $ |  689 |   |
| Furniture                      |     |              |   17 |   |     |   |   17 |   |
| Computers and equipment        |     |              |    8 |   |     |   |    8 |   |
| Property and equipment, gross  |     |              |  714 |   |     |   |  714 |   |
| Less: Accumulated depreciation |     |              |  (25 | ) |     |   |  (25 | ) |
| Property and equipment, net    |     | $            |  689 |   |     | $ |  689 |   |

F-76

The Company recognized no depreciation expense for each of the years ended December 31, 2024 and 2023. Costs for long-lived assets not yet placed into service are capitalized as construction-in-progressand depreciated once placed into service. The Company assesses impairment on an annual basis. As of each of December 31, 2024 and 2023, there was no impairment identified on property and equipment. Accrued Expenses Accrued expenses consist of the following (in thousands):

|                                        |     | December 31, | 2024 |     |   | 2023 |
|:---------------------------------------|:----|:-------------|-----:|:----|:--|-----:|
| Accrued other                          |     | $            |   35 |     | $ |   37 |
| Accrued research and development costs |     |              |    — |     |   |  859 |
| Total accrued expenses                 |     | $            |   35 |     | $ |  896 |

Note 6. Stock-Based Compensation The Company does not have any employees who are directly employed by the Company nor did it have its own stock-based compensation plans during each of the years ended December 31, 2024 and 2023, other than the 2024 Plan as described below. However, certain shared employees of Scilex support the Company and also participate in Scilex’s stock-based compensation plans that provide