Company: SMNR
Filing Date: 2025-06-11
Form Type: S-4/A
Source: 0001193125-25-139124
Chunk: 766

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-06-11
Form: S-4/A
Chunk 766
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 month each time, unless the closing of the Company’s initial businesscombination has occurred, without the need for any further approval of the Company’s shareholders, provided that the Sponsor (or its affiliates or permitted designees or a third party) will deposit into the Trust Account for each such one-monthextension $ 0.02per public share that remains outstanding and is not redeemed prior to any such one-monthextension, unless the closing of the Company’s initial business combination has occurred, in exchange for a non-interestbearing promissory note payable upon consummation of an initial business combination. In connection with the extraordinary general meeting on April 11, 2025, shareholders holding 708,098public shares exercised their right to redeem such shares for a pro rata portion of the funds in the Company’s Trust Account. As a result, approximately $ 8.6million (approximately $ 12.17per share) was removed from the Trust Account to pay such holders. Following redemptions, the Company had 43,739public shares outstanding. On April 11, 2025 andMay 9, 2025, Scilex deposited an aggregate of $ 1,750, drawn down from the Extension Scilex Convertible Promissory Note, to the Trust Account to extend the time the Company has to consummate an initial business combination from April 11, 2025 to June 11, 2025. F-33

DENALI CAPITAL ACQUISITION CORP. CONDENSED CONSOLIDATED BALANCE SHEETS

| Assets                                                                                                                                                                                                                                                        |     | March 31,2025 
 (Unaudited)   |             |   |     | December 31,2024 |             |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------|------------:|:--|:----|:-----------------|------------:|:--|
| Cash on hand                                                                                                                                                                                                                                                  |     | $             |       2,736 |   |     | $                |      16,868 |   |
| Total current assets                                                                                                                                                                                                                                          |     |               |       2,736 |   |     |                  |      16,868 |   |
| Cash and Investments held in trust                                                                                                                                                                                                                            |     |               |   9,145,167 |   |     |                  |   9,021,005 |   |
| Total assets                                                                                                                                                                                                                                                  |     | $             |   9,147