Semnur terminates two material financing agreements totaling $120M in potential proceeds

Semnur Pharmaceuticals, Inc.

Terminated PIPE SPA with JW Capital Securities Ltd for 1.25M shares at $16/share ($20M).
Terminated Semnur/Biconomy SPA for 6.25M shares at $16/share payable in Bitcoin ($100M).
No shares were ever issued under either agreement; both terminations effective April 20, 2026.
Company delivered termination notices under Section 8 of each SPA.

item 1.02

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Semnur Pharmaceuticals, Inc. terminated Securities Purchase Agreement with Biconomy PTE. Ltd (effective 2026-04-20).

Action: termination
Agreement: equity purchase
Counterparty: Biconomy PTE. Ltd
Effective: 2026-04-20

Exact text from the filing

the Company delivered a notice of termination to Biconomy pursuant to Section 8 of the Semnur/Biconomy SPA upon which the Semnur/Biconomy SPA was terminated, effective as of April 20, 2026

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Semnur Pharmaceuticals, Inc. terminated Securities Purchase Agreement with JW Capital Securities Limited (effective 2026-04-20).

Action: termination
Agreement: equity purchase
Counterparty: JW Capital Securities Limited
Effective: 2026-04-20

Exact text from the filing

the Company and the Subsidiary delivered a notice of termination to JW Capital Securities Limited pursuant to Section 8 of the PIPE SPA, upon which the PIPE SPA was terminated, effective as of April 20, 2026

View on SEC.gov

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Semnur Pharmaceuticals, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-173690

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