Scilex sub Semnur amends SPAC merger agreement after Denali Nasdaq delisting; outside date extended to Sept 30, 2025

Scilex Holding Co

Amendment dated April 16, 2025 modifies covenants to address Denali's de-listing from Nasdaq and subsequent quotation on OTC Markets.
Denali must amend organizational documents to extend business combination deadline to December 11, 2025.
Outside date for merger completion extended to September 30, 2025, or later if an extension amendment is in effect.
Denali to use reasonable best efforts to list Parent Units, Class A Shares and Parent Warrants on OTC Markets after delisting.
Merger agreement otherwise unchanged; Semnur remains wholly owned subsidiary of Scilex until closing.

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