Denali Capital receives Nasdaq delisting determination; must appeal by April 9 or face suspension

Semnur Pharmaceuticals, Inc.

On April 2, 2025, Nasdaq staff determined Denali failed to meet MVLS, total assets, and public float rules.
Company must appeal by April 9, 2025 to avoid delisting; if no appeal, trading suspended April 11, 2025.
Company expects to trade on OTC market after delisting; plans to remain a reporting company.
Delisting not expected to immediately impact planned business combination with Semnur Pharmaceuticals.

item 3.01

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Source: SEC EDGAR

accession 0001213900-25-030048

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