Company: SMNR
Filing Date: 2025-07-23
Form Type: S-4/A
Source: 0001193125-25-163401
Chunk: 120

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-07-23
Form: S-4/A
Chunk 120
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 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 March 31, 2025, there was an amount of $1,275,000 outstanding under the FutureTech Convertible Promissory Note and the Second FutureTech Convertible Promissory Note. |

| (4) | On July 10, 2024, Denali issued the Sponsor Extension Convertible Promissory Note in the total principal amount of up to $180,000 to the Sponsor. The Sponsor Extension Convertible Promissory Note was issued with an initial principal balance of $15,037, with the remaining $164,963 drawable at Denali’s request and upon the consent of the Sponsor prior to the maturity of the Sponsor Extension Convertible Promissory Note. The initial principal balance of $15,037 was used to extend the period of time Denali has to consummate a business combination from July 11, 2024 to August 11, 2024. An additional $100,000 was drawn during the three months ended March 31, 2025. As of March 31, 2025, $115,037 remained outstanding under the Sponsor Extension Convertible Promissory Note issued to Sponsor. |

| (5) | On August 9, 2024, Denali issued a convertible promissory note in the total principal amount of up to $180,000 to Scilex (the “Scilex Convertible Promissory Note”). The Scilex Convertible Promissory Note was issued with an initial principal balance of $15,037, with the remaining $164,963 drawable at Denali’s request and upon the consent of Scilex prior to the maturity of the Scilex Convertible Promissory Note. As of March 31, 2025, Scilex has deposited an aggregate of $120,483, drawn down from the Scilex Convertible Promissory Note, to the Trust Account to extend the time Denali has to consummate an initial business combination to June 11, 2025. On January 6, 2025, February 11, 2025 and March 11, 2025, Scilex deposited an aggregate of $45,191, drawn down from the Scilex Convertible Promissory Note, to the Trust Account to extend