Company: SMNR
Filing Date: 2025-07-23
Form Type: S-4/A
Source: 0001193125-25-163401
Chunk: 74

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-23
Form: S-4/A
Chunk 74
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b). |

| • |     | Proposal 8 — The Option Exchange Proposal — to approve the exchange of Semnur stock options for options relating to New Semnur Common Stock. |

| • |     | Proposal 9 — The Adjournment Proposal — to approve the adjournment of the Meeting. |

| Q: | What is the quorum requirement for the Meeting? |

| A: | Shareholders representing a majority of the issued and outstanding Denali Ordinary Shares as of the Record Date and entitled to vote at the Meeting must be present in person or represented by proxy in order to hold the Meeting and conduct business. This is called a quorum. Denali Ordinary Shares will be counted for purposes of determining if there is a quorum if the shareholder (i) is present in person and entitled to vote at the meeting, or (ii) has properly submitted a proxy card or voting instructions through a broker, bank or nominee. In the absence of a quorum, within half an hour from the time appointed for the Meeting to commence, the Meeting will stand adjourned to the same day in the next week at the same time and/or place or to such other day, time and/or place as the Denali Board may determine, and if at the adjourned meeting a quorum is not present within half an hour from the time appointed for the meeting to commence, the shareholders of Denali present shall be a quorum. |

| Q: | What vote is required to approve the Proposals? |

| A: | Proposal 1 —  The Business Combination Proposal requires the affirmative vote of the majority of the Denali Ordinary Shares present in person or represented by proxy and entitled to vote thereon and who vote at the Meeting or any adjournment or postponement thereof. An abstention will count towards the quorum for the Meeting but will not otherwise be counted. Broker non-votes will have no effect on the vote for the Business Combination Proposal. |

Proposal 2 — The Domestication Proposal requires the affirmative vote of two-thirds(2/3) of the Denali Ordinary Shares present in person or represented by proxy and entitled to vote thereon and who vote at the Meeting or any adjournment or postponement thereof. Solely in connection with the Domestication Proposal, holders of the Denali Class B Ordinary Shares will have ten votes per share and holders of Denali Class A Ordinary Shares will have