---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-088773"
form_type: "8-K"
ticker: "SMNR"
cik: "0001913577"
company_name: "Semnur Pharmaceuticals, Inc."
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:35:06.773445+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Denali SPAC amends PIPE; cuts preferred shares to 1.3M, adds warrants, waives asset condition

## Summary
- FutureTech Capital reduced preferred stock commitment from 1.8M to 1.3M shares at $10 per share.
- Each preferred share now includes two warrants exercisable at $8.00 for five years starting six months post-closing.
- Underwriters agreed to take $866,250 deferred discount as 86,625 Holdco common shares; $2,021,250 remains cash.
- Parties waived condition requiring Holdco to have net tangible assets of at least $5,000,001 at closing.

## SEC filing metadata
- accession: 0001213900-23-088773
- form_type: 8-K
- ticker: SMNR
- cik: 0001913577
- company_name: Semnur Pharmaceuticals, Inc.
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913577/000121390023088773/0001213900-23-088773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913577/000121390023088773/ea188711-8k425_denalicap.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-088773
- JSON: https://secwatch.observer/filing/0001213900-23-088773.json
- Plain text: https://secwatch.observer/filing/0001213900-23-088773.txt

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