---
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"
generated_at: "2026-05-15T04:38:27.337547+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 1.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-173690
- JSON: https://secwatch.observer/filing/0001193125-26-173690.json
- Plain text: https://secwatch.observer/filing/0001193125-26-173690.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.