Company: SMNR
Filing Date: 2025-07-23
Form Type: S-4/A
Source: 0001193125-25-163401
Chunk: 698

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-23
Form: S-4/A
Chunk 698
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, special meetings of stockholders may only be called by order of the Chairman of the New |     | The board of directors of Denali may call general meetings. Shareholders of stockholders holding shares in the aggregate entitled to cast not less than 10% of the votes at that meeting. If any person other than the board of directors calls a special meeting, the request shall (i) be in writing, (ii) specify the time of such meeting and the general nature of the business proposed to be transacted, and (iii) be delivered personally or sent by registered                                                                                                                                                                                                                            |     | Under the Current Semnur Bylaws, a special meeting of the stockholders may be called at any time by the board of directors, Chairperson of the board, Chief Executive Officer or President (in the absence of a Chief Executive Officer) or by one or more Board, the New Semnur Board or the Chief Executive Officer; provided, however, that at any time prior to the Scilex Trigger Event, special meetings of New Semnur stockholders shall also be called                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| Current Denali Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |     | Current Semnur Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | Proposed Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Semnur Denali do not have the ability to call general meetings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | mail or by facsimile transmission to the Chairperson of the board of directors, the Chief Executive Officer, the President (in the absence of a Chief Executive Officer) or the Secretary of the company. No business may be transacted at such special meeting other than the business specified in such notice to stockholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |     | by or at the direction of the New Semnur Board or the Chairman of the New Semnur Board at the request of Scilex. The Proposed Bylaws will prohibit the conduct of any business at a special meeting other than as specified in the notice for such meeting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Notice of Stockholder Meetings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Under the Current Denali Charter, at least five clear days’ notice shall be given of any general meeting. Every notice shall specify the place, the day and the hour of the meeting and the general nature