{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-173690","form_type":"8-K","ticker":"SMNR","cik":"0001913577","company_name":"Semnur Pharmaceuticals, Inc.","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.272217+00:00","generated_at":"2026-05-15T04:38:27.337547+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"confidence":"high","headline":"Semnur terminates two material financing agreements totaling $120M in potential proceeds","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-173690","json":"https://secwatch.observer/filing/0001193125-26-173690.json","markdown":"https://secwatch.observer/filing/0001193125-26-173690.md","text":"https://secwatch.observer/filing/0001193125-26-173690.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1913577/000119312526173690/0001193125-26-173690-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1913577/000119312526173690/smnr-20260420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:38:27.337547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}