---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-056618"
form_type: "8-K"
ticker: "SMNR"
cik: "0001913577"
company_name: "Semnur Pharmaceuticals, Inc."
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T08:58:51.706375+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Denali Capital extends business combination deadline to Oct 11, 2023 with $825K convertible note to FutureTech Capital

## Summary
- Deposited $825,000 into trust account to extend deadline by three months from July 11 to October 11, 2023.
- Issued convertible promissory note for $825,000 to FutureTech Capital LLC; convertible into Class A shares at $10 per share upon business combination.
- Interest at lowest short-term Applicable Federal Rate; note matures upon business combination or liquidation.
- This is the second of two permissible three-month extensions under the company's governing documents.
- If no business combination, note will be repaid only from funds outside trust account or forfeited.

## SEC filing metadata
- accession: 0001213900-23-056618
- form_type: 8-K
- ticker: SMNR
- cik: 0001913577
- company_name: Semnur Pharmaceuticals, Inc.
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913577/000121390023056618/0001213900-23-056618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913577/000121390023056618/ea181625-8k425_denalicap.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-056618
- JSON: https://secwatch.observer/filing/0001213900-23-056618.json
- Plain text: https://secwatch.observer/filing/0001213900-23-056618.txt

## Key facts
- Debt Financings
  Semnur Pharmaceuticals, Inc. incurred convertible notes of $825,000 with FutureTech Capital LLC at interest equivalent to the lowest short-term Applicable Federal Rate maturing upon the earlier of (i) the closing of Denali's initial business combination and (ii) the date of the liquidation of Denali.
  - Instrument: convertible notes
  - Principal: $825,000
  - Counterparty: FutureTech Capital LLC
  - Rate: interest equivalent to the lowest short-term Applicable Federal Rate
  - Maturity: upon the earlier of (i) the closing of Denali's initial business combination and (ii) the date of the liquidation of Denali
  - Event: incurrence
  source text: On July 11, 2023, Denali Capital Acquisition Corp. (“Denali”) issued a convertible promissory note (the “Convertible Promissory Note”) in the total principal amount of $825,000 to FutureTech Capital LLC, a Delaware Limited Liability Company (“FutureTech’).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913577/000121390023056618/0001213900-23-056618-index.htm

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