Denali Capital amends merger pact with Semnur; extends deadline to Sept 2025, addresses Nasdaq delisting

Semnur Pharmaceuticals, Inc.

Amendment allows Denali to extend business combination deadline to Dec 11, 2025, or later if mutually agreed.
Outside Date for closing merger extended to Sept 30, 2025; if extension effective, Outside Date becomes Extension Date.
Modifies covenants to address Denali's Nasdaq delisting and subsequent OTC Markets quotation of its securities.
Denali will use reasonable best efforts to list its units, shares, and warrants on OTC Markets after Nasdaq delisting.
Other changes include updating blank-check company status and proxy statement requirements for shareholder vote.

item 1.01 item 9.01

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