Company: SMNR
Filing Date: 2025-04-21
Form Type: S-4/A
Source: 0001193125-25-087342
Chunk: 112

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-04-21
Form: S-4/A
Chunk 112
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 Denali may request an additional aggregate amount of up to $157,500, which may be drawn down in one or more tranches at any time prior to the maturity date of the Sponsor Convertible Promissory Note, raising the total limit up to $1,000,000. On April 2, 2024, Denali and Sponsor agreed that, in addition to the Initial Principal Amount, Denali may request an additional aggregate amount of up to $186,800, which may be drawn down in one or more tranches at any time prior to the maturity date raising the total limit up to $1,200,000. On January 27, 2025, Denali and Sponsor agreed that, in addition to the Initial Principal Amount, Denali may request an additional aggregate amount of up to $591,800, which may be drawn down in one or more tranches at any time prior to the maturity date raising the total limit up to $2,000,000. As of December 31, 2024, there was an amount of $1,408,200 remained outstanding under the Sponsor Convertible Promissory Note issued to Sponsor. |

| (2) | On July 11, 2023, Denali issued a convertible promissory note (the “FutureTech Convertible Promissory Note”) in the total principal amount of $825,000 to FutureTech, and 100% of such amount has been utilized to fund the required payment in order to extend the period of time Denali has to consummate a business combination from July 11, 2023 to October 11, 2023. |

| (3) | On October 11, 2023, Denali issued another convertible promissory note in the total principal amount of up to $450,000 to FutureTech (the “Second FutureTech Convertible Promissory Note”). The Second FutureTech Convertible Promissory Note was issued with an initial principal balance of $50,000, with the remaining $400,000 drawable at Denali’s request and upon the consent of FutureTech prior to the maturity of the Second FutureTech Convertible Promissory Note. The Second FutureTech Convertible Promissory Note has been utilized to fund the required payment in order to extend the period of time Denali has to consummate a business combination from November 11, 2023 to July 11, 2024. As of December 31, 2024, there was