Company: SMNR
Filing Date: 2025-06-11
Form Type: S-4/A
Source: 0001193125-25-139124
Chunk: 32

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-06-11
Form: S-4/A
Chunk 32
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 General                                                                                                              |     |      | 169 |
| Date, Time and Place                                                                                                 |     |      | 169 |
| Record Date; Who is Entitled to Vote                                                                                 |     |      | 169 |
| Quorum and Required Vote for Shareholder Proposals                                                                   |     |      | 169 |
| Voting Your Shares                                                                                                   |     |      | 170 |

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#### PAGERevoking Your Proxy170Who Can Answer Your Questions About Voting Your Shares171No Additional Matters May Be Presented at the Meeting171Redemption Rights171Appraisal Rights172Proxies and Proxy Solicitation Costs172PROPOSAL 1—THE BUSINESS COMBINATION PROPOSAL173Structure of the Business Combination173Background of the Business Combination173Benefits and Detriments of the Business Combination180Opinion of CB Capital180The Denali Board’s Reasons for the Approval of the Business Combination195Certain 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 Combination213Stock Exchange Listing216Anticipated Accounting Treatment216Redemption Rights216Vote Required for Approval217Resolution 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 Expenses228Amendment 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 V