Company: SMNR
Filing Date: 2025-04-21
Form Type: S-4/A
Source: 0001193125-25-087342
Chunk: 30

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-04-21
Form: S-4/A
Chunk 30
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Business Combination215Merger Consideration215Impact of Business Combination on the Units216Closing216Representations and Warranties216Material Adverse Effect217Conduct of Business by Semnur218Conduct of Business by Denali219Non-solicitationProvision220Other Agreements of the Parties220Closing Conditions221Termination; Effectiveness223Waiver; Amendments224Fees and Expenses224Amendment to the Merger Agreement225Certain Related Agreements and Arrangements225Other Ancillary Agreements Related to the Business Combination226PROPOSAL 2 — THE DOMESTICATION PROPOSAL228Reasons for the Domestication228Expected Accounting Treatment of the Domestication229Vote Required for Approval229Resolution to be Voted Upon229Recommendation of the Denali Board229ii

#### PAGEPROPOSAL 3 — THE CHARTER APPROVAL PROPOSAL231Overview231Reasons for the Approval of the Charter Approval Proposal231Vote Required for Approval232Resolution to be Voted Upon232Recommendation of the Denali Board233PROPOSAL 4 — THE BYLAWS APPROVAL PROPOSAL234Overview234Reasons for the Approval of the Bylaws Approval Proposal234Vote Required for Approval234Resolution to be Voted Upon234Recommendation of the Denali Board234PROPOSALS5A-5G — THEADVISORY GOVERNANCE PROPOSALS236Overview236Advisory Governance Proposals236Reasons for Approval of the Advisory Governance Proposals239Vote Required for Approval240Resolution to be Voted Upon241Recommendation of the Denali Board242PROPOSAL 6 — THE DIRECTOR ELECTION PROPOSAL243Overview243Director Nominees243Vote Required for Approval243Resolution to be Voted Upon244Recommendation of the Denali Board244PROPOSAL 7 — THE NASDAQ PROPOSAL245Overview245Vote Required for Approval245Resolution to be Voted Upon245Recommendation of the Denali Board247PROPOSAL 8 — OPTION EXCHANGE PROPOSAL248Overview248Rationale for the Option Exchange249Vote Required for Approval249Resolution to be Voted Upon249Recommendation of the Denali Board250PROPOSAL 9 — THE ADJOURNMENT PROPOSAL251Consequences if the Adjournment Proposal is Not Approved251Vote Required for Approval251Resolution to be Voted Upon251Recommendation of the Denali Board251MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES253U.S