Company: SMNR
Filing Date: 2025-04-21
Form Type: S-4/A
Source: 0001193125-25-087342
Chunk: 34

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-04-21
Form: S-4/A
Chunk 34
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 Denali Class A Ordinary Shares at a conversion price of $10.00 per ordinary share, and (iv) the convertible promissory note dated August 9, 2024, by and between Denali and Scilex in the total principal amount of $180,000, which bears no interest and may be converted in whole or in part into additional Denali Class A Ordinary Shares at a conversion price of $10.00 per ordinary share. |

| • |     | “Denali Underwriters” means EF Hutton, division of Benchmark Investments, LLC and US Tiger Securities Inc. |

| • |     | “DGCL” means the General Corporation Law of the State of Delaware, as amended. |

| • |     | “Domestication” means the change of the domicile of Denali pursuant to a transfer by way of continuation of an exempted company out of the Cayman Islands and a domestication into the State of Delaware as a corporation, and the de-registration of Denali in the Cayman Islands. |

| • |     | “Effective Time” means the time at which the Business Combination becomes effective. |

| • |     | “Exchange Act” means the Securities Exchange Act of 1934, as amended. |

| • |     | “EF Hutton” means EF Hutton LLC, the representative of the underwriters in the IPO. |

| • |     | “founder shares” means the 1,562,500 issued and outstanding Denali Class B Ordinary Shares held by the Sponsor and the following directors of Denali: Lei Huang, You (“Patrick”) Sun, Huifeng Chang, Jim Mao and Kevin Vassily, initially issued in a private placement prior to IPO, and the Denali Class A Ordinary Shares that will be issued upon the automatic conversion of the Denali Class B Ordinary Shares at the time of the Business Combination. |

| • |     | “GAAP” means accounting principles generally accepted in the United States of America. |

| • |     | “HSR Act” means Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. |

| • |     | “Initial Shareholders” means the Sponsor and the holders of founder shares. |

| • |     | “IPO” refers to the initial public offering of 8,250,000 Public Units of Denali consummated on April 11, 2022. |

| • |     | “IRS” means the United States