Company: SMNR
Filing Date: 2025-08-22
Form Type: DEFA14A
Source: 0001213900-25-079507
Chunk: 34

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-22
Form: DEFA14A
Chunk 34
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 decision, have or reasonably be expected to result in a Denali Material Adverse Effect. Neither Denali nor any director or officer thereof is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. There has not been, and to the knowledge of Denali, there is not pending or contemplated, any investigation by the SEC involving Denali or any current or former director or officer of Denali. The SEC has not issued any stop order or other order suspending the effectiveness of any registration statement filed by Denali under the 1934 Act or the 1933 Act.

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(p) Insurance. Denali is insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which Denali is engaged. Except as disclosed in the SEC Documents, Denali has no reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

(q) Title to Assets. Denali has good and marketable title in fee simple to all real property owned by it and good and marketable title in all personal property owned by it that is material to the business of Denali, in each case free and clear of all liens, except for (i) liens as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made of such property by Denali and (ii) liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and the payment of which is neither delinquent nor subject to penalties. Any real property and facilities held under lease by Denali is held by it under valid, subsisting and enforceable leases with which Denali is in compliance.

(r) Liabilities. Except as specifically disclosed, reflected or fully reserved against in the financial statements of Denali included in the SEC Documents, and for Liabilities and obligations of a similar nature and in similar amounts incurred in the ordinary course of business since Denali’s formation, there are no material Liabilities, debts or obligations (whether accrued, fixed or contingent, liquidated or unliquidated, asserted or unasserted or otherwise) relating to Denali. All Liabilities, fixed or