Company: SMNR
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001193125-25-179226
Chunk: 29

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 29
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 our” or “ Denali” refer to Denali Capital Acquisition Corp., a Cayman Islands exempted company and the terms “ New Semnur,” “ combined company” and “ post-Business Combination company” refer to Semnur Pharmaceuticals, Inc. following the consummation of the Business Combination. Further, in this document:

| • |     | “2024 Stock Option Plan” means the Semnur Pharmaceuticals, Inc. 2024 Stock Option Plan. |

| • |     | “Business Combination” means the merger contemplated by the Merger Agreement. |

| • |     | “Closing” means the closing of the Business Combination. |

| • |     | “Closing Date” means date of the Closing. |

| • |     | “Code” means the Internal Revenue Code of 1986, as amended. |

| • |     | “Condition Precedent Proposals” means the Business Combination Proposal, the Charter Approval                                 
 Proposal, the Bylaws Approval Proposal, the Director Election Proposal, the Nasdaq Proposal and the Option Exchange Proposal. |

| • |     | “Consultant Shares” means an aggregate of 30,500,000 shares of New Semnur Common Stock to be                                                                                                                                                              
 issued upon the closing of the Business Combination to certain consultants and other service providers in respect of certain fees payable by Semnur and its affiliates based on the Exchange Ratio (as defined below) pursuant to the terms of the Merger 
 Agreement in exchange for an aggregate of 24,400,000 shares of Semnur Common Stock held by such consultants and other service providers prior to the closing of the Business Combination, comprised of (i) 3,200,000 shares held by Wise Orient           
 Investments Limited, (ii) 3,200,000 shares held by 450W42ND MIMA, LLC, (iii) 8,000,000 shares of Semnur Common Stock held by JW Investment Management Company Limited, and (iv) 10,000,000 shares of Semnur Common Stock held by a law firm as a          
 retainer for services, in each case such shares of Semnur Common Stock issued pursuant to the respective Consulting Services Agreements.                                                                                                                  |

| • |     | “Current Denali Charter” means Denali’s Amended and Restated Memorandum and Articles of 
 Association, as in effect as of the date hereof.                                        |

| • |     | “Current Semnur Bylaws” means the By