Company: SMNR
Filing Date: 2025-08-22
Form Type: DEFA14A
Source: 0001213900-25-079507
Chunk: 27

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-22
Form: DEFA14A
Chunk 27
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 Merger Sub have been duly authorized and validly issued, are fully paid and non-assessable and are owned by Denali.

(b) Authorization; Enforcement; Validity. Denali has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and each of the other agreements entered into by the parties hereto in connection with the transactions contemplated by this Agreement (collectively, the “ Denali Transaction Documents” and, together with the Semnur Transaction Documents, the “ Transaction Documents”). The execution and delivery of this Agreement and the other Denali Transaction Documents and the consummation by Denali of the transactions contemplated hereby and thereby, have been duly authorized by Denali ’sBoard of Directors and no further filing, consent or authorization is required by Denali, its Board of Directors or its stockholders (other than, as of the date hereof, stockholder consent related to the items in the Form S-4). This Agreement and the other Denali Transaction Documents have been duly executed and delivered by Denali, and constitute the legal, valid and binding obligations of Denali, enforceable against Denali in accordance with their respective terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

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(c) Reservation of Common Shares. As of the Closing Date, a number of shares of New Semnur Common Stock shall have been duly authorized and reserved for issuance which equals the number of Common Shares (subject to adjustment for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof).

(d) No Conflicts. The execution, delivery and performance of the Denali Transaction Documents by Denali and the consummation by Denali of the transactions contemplated hereby and thereby will not (i) result in a violation of the organizational documents of Denali or Merger Sub, any capital stock of Denali Merger Sub or the organizational documents of Denali or Merger Sub, (ii) constitute a default (or an event which with notice or lapse of time or both would become a default) in any respect under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which Denali or Merger Sub is a party