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

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accession 0001193125-26-173690

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