Company: SMNR
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001193125-25-179226
Chunk: 69

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 69
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 any such agreement or arrangement will (i) provide that the Sponsor and/or its affiliates will purchase the Denali Class A Ordinary Shares at a price no higher than the price offered through the redemption process, (ii) include a representation that any Denali Class A Ordinary Shares purchased by the Sponsor and/or its affiliates will not be voted in favor of approving the Business Combination, and (iii) provide that the Sponsor and/or its affiliates do not possess any redemption rights with respect to the Denali Class A Ordinary Shares or, if they possess redemption rights, they waive such rights. In addition, to the extent any such purchases are made by the Sponsor and/or its affiliates, Denali will disclose in a Current Report on Form 8-K,prior to the Meeting, the following information with respect to any such transaction: (a) the amount of Denali Class A Ordinary Shares purchased outside of the redemption offer by the Sponsor and/or its affiliates, along with the purchase price; (b) the purpose of the purchases by the Sponsor and/or its affiliates; (c) the impact, if any, of the purchases by the Sponsor and/or its affiliates on the likelihood that the business combination transaction will be approved; (d) the identities of security holders of Denali who sold to the Sponsor and/or its affiliates (if not purchased on the open market) or the nature of Denali’s security holders (e.g., 5% security holders) who sold to the Sponsor and/or its affiliates; and (e) the number of Denali Class A Ordinary Shares for which Denali has received redemption requests pursuant to its redemption offer.

| Q: | If I am a Unit holder, can I exercise redemption rights with respect to my Units? |

| A: | No. Holders of outstanding Units must separate any Units into underlying public shares and Warrants prior to 
 exercising redemption rights with respect to the public shares.                                              |

| Q: | If I am a Warrant holder, can I exercise redemption rights with respect to my Warrants? |

| A: | No. Holders of outstanding Warrants have no redemption rights with respect to their Warrants. |

| Q: | What are the U.S. federal income tax consequences of exercising my redemption rights? |

| A: | In the event that a U.S. Holder (as defined in the section titled “Material U.S. Federal Income Tax                                                                                                                                             
 Consequences” below) elects prior to the Domestication to redeem its public shares for cash, the treatment of the transaction