Company: SMNR
Filing Date: 2025-06-11
Form Type: S-4/A
Source: 0001193125-25-139124
Chunk: 100

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-06-11
Form: S-4/A
Chunk 100
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| • |     | Denali and Merger Sub shall have received a copy of each of the additional agreements to which Semnur is a party, duly executed by Semnur and by all other parties thereto, and each such additional agreement shall be in full force and effect. |

Conditions to the Obligations of Semnur The obligation of Semnur to consummate, or cause to be consummated, the Business Combination are subject to the satisfaction of the following conditions any one or more of which may be waived in writing by Semnur:

| • |     | Denali and Merger Sub shall have duly performed all of their obligations hereunder required to be performed by them at or prior to the Closing Date in all material respects unless the applicable obligation has a materiality qualifier, in which case, it shall be duly performed in all respects. |

| • |     | All of the representations and warranties of Denali and Merger Sub contained in Article V of the Merger Agreement, disregarding all qualifications and exceptions contained herein relating to materiality or Material Adverse Effect with respect to Denali, regardless of whether it involved a known risk, shall be true and correct at and as of the date of the Merger Agreement and be true and correct as of the Closing Date (other than in each case except for representation and warranties that speak as of a specific date, in which case such representations and warranties need only to be true and correct as of such date), other than as would not in the aggregate reasonably be expected to have a Material Adverse Effect with respect to Denali. |

| • |     | Since the date of the Merger Agreement, no Material Adverse Effect with respect to Denali has occurred that is continuing, regardless of whether it involved a known risk. |

| • |     | Semnur shall have received a certificate signed by an authorized officer of Denali and Merger Sub certifying the satisfaction of the conditions described in the preceding three bullet points. |

| • |     | From the date hereof until the Closing, Denali and Merger Sub shall have been in material compliance with the reporting requirements under the Securities Act and the Exchange Act applicable to Denali and Merger Sub, respectively. |

| • |     | Each of Denali and Merger Sub shall have executed and delivered to Semnur each ancillary agreement to be executed in connection with the Business Combination to which it is a party. |

| • |     | The directors designated by Semnur