Company: SMNR
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001193125-25-177097
Chunk: 392

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-08
Form: S-4/A
Chunk 392
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 Act pursuant to Rule 16b-3 thereunder; and |

| • |     | Denali taking all actions necessary to call and hold a meeting of its shareholders to approve and adopt the Merger Agreement and the Proposals. |

Closing Conditions The consummation of the Business Combination is conditioned upon the satisfaction or waiver by the applicable parties to the Merger Agreement of the conditions set forth below. Therefore, unless these conditions are waived by the applicable parties to the Merger Agreement, the Business Combination may not be consummated. There can be no assurance that the parties to the Merger Agreement would waive any such provisions of the Merger Agreement. Conditions to the Obligations of All of the Parties The obligations of each party to the Merger Agreement to consummate the Business Combination are subject to the satisfaction of the following conditions:

| • |     | there will not be in force any order, statute, rule or regulations enjoining or prohibiting the consummation of the Business Combination; provided that the governmental authority issuing such order has jurisdiction over the parties with respect to the transactions contemplated by the Merger Agreement; |

| • |     | this proxy statement/prospectus shall have been declared effective under the Securities Act and no stop order suspending the effectiveness of the registration statement shall have been issued or proceedings for that purpose initiated by the SEC; |

| • |     | Denali’s shareholders shall have approved the Proposals at the Meeting by the requisite vote required under law and the governing documents of Denali; |

| • |     | Semnur stockholders shall have approved the Merger Agreement by written consent of the requisite number of votes required under law and the governing documents of Semnur; and |

| • |     | All required filings under the HSR Act, and other applicable anti-trust laws, shall have been made and the waiting period or periods under the HSR Act applicable to the transactions contemplated by the Merger Agreement will have expired or been terminated. |

Conditions to the Obligations of Denali and Merger Sub The obligations of Denali and Merger Sub to consummate the Business Combination are subject to the satisfaction, or the waiver at Denali’s and Merger Sub’s sole and absolute discretion, of all the following conditions:

| • |     | Semnur shall have duly performed all of its obligations under the Merger Agreement required to be performed by it at or prior to the Closing Date in all material respects unless the applicable obligation has a materiality qualifier, in which case,