Company: SMNR
Filing Date: 2025-07-23
Form Type: S-4/A
Source: 0001193125-25-163401
Chunk: 394

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-23
Form: S-4/A
Chunk 394
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 and be true and correct as of the Closing Date (other than, in each case, if the representations and warranties that speak as of a specific date, then 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 Semnur. |

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

| • |     | The receipt by Denali and Merger Sub of a certificate signed by the Chief Executive Officer and Chief Financial Officer of Semnur certifying the satisfaction of the conditions described in the preceding three bullet points. |

| • |     | The receipt by Denali and Merger Sub of (i) a copy of the organizational documents of Semnur as in effect as of the Closing Date, (ii) copies of (A) resolutions duly approved by the Semnur Board authorizing the Merger Agreement and the transactions contemplated hereby and (B) the approval of the Semnur stockholders, and (iii) a recent certificate of good standing as of a date no later than five days prior to the Closing Date regarding Semnur from the Secretary of State of the State of Delaware. |

| • |     | 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