DNQWF
DENALI CAPITAL ACQ CP WTS
stock OTC

[Semnur Pharmaceuticals, Inc Announces Signing of a Securities Purchase Agreement with an Institutional Investor for the Purchase of $100 Million of shares of Semnur Common Stock in Exchange for $100 Million in Bitcoin](https://www.globenewswire.com/news-release/2025/09/23/3154932/0/en/Semnur-Pharmaceuticals-Inc-Semnur-a-Majority-Owned-Subsidiary-of-Scilex-Holding-Company-Nasdaq-SCLX-Scilex-Announces-Signing-of-a-Securities-Purchase-Agreement-with-an-Institutiona.html) \- OTC: SMNR SMNRW
SMNR wasting zero time jumping into the crypto pool, business combination just closed yesterday.
SMNR and SMNRW each have only traded 100 shares today, SMNR up 65% and SMNRW up 650%.
Reposting this from yesterday:
[Semnur Pharmaceuticals, Inc., a Majority-Owned Subsidiary of Scilex Holding Company, and Denali Capital Acquisition Corp. Announce the Closing of Their Previously Announced Business Combination](https://www.globenewswire.com/news-release/2025/09/22/3154269/0/en/Semnur-Pharmaceuticals-Inc-Semnur-a-Majority-Owned-Subsidiary-of-Scilex-Holding-Company-Nasdaq-SCLX-Scilex-and-Denali-Capital-Acquisition-Corp-Announce-the-Closing-of-Their-Previou.html) \- OTC: DNQAF DNQWF -> OTC: SMNR SMNRW on September 23, 2025
Looks like NASDAQ did **NOT** approve SMNR for listing, so this will continue to trade on the OTC market. [Last trade for DNQAF](https://www.otcmarkets.com/stock/DNQAF/overview#:~:text=MORE-,TRADE%20DATA,-DATE) shows as 100 shares ( day's total ) on August 22.
There were [43,739 shares subject to possible redemption as of June 30, 2025](https://www.sec.gov/Archives/edgar/data/1913577/000121390025077047/ea0251993-10q_denali.htm#:~:text=43%2C739%20and%20751%2C837%20shares%20subject%20to%20possible%20redemption%20as%20of%20June%2030%2C%202025), Denali did not provide redemption information for the business combination vote, so total public float unknown but may be less than 40k.

[Semnur Pharmaceuticals, Inc Announces Signing of a Securities Purchase Agreement with an Institutional Investor for the Purchase of $100 Million of shares of Semnur Common Stock in Exchange for $100 Million in Bitcoin](https://www.globenewswire.com/news-release/2025/09/23/3154932/0/en/Semnur-Pharmaceuticals-Inc-Semnur-a-Majority-Owned-Subsidiary-of-Scilex-Holding-Company-Nasdaq-SCLX-Scilex-Announces-Signing-of-a-Securities-Purchase-Agreement-with-an-Institutiona.html) \- OTC: SMNR SMNRW
SMNR wasting zero time jumping into the crypto pool, business combination just closed yesterday.
SMNR and SMNRW each have only traded 100 shares today, SMNR up 65% and SMNRW up 650%.
Reposting this from yesterday:
[Semnur Pharmaceuticals, Inc., a Majority-Owned Subsidiary of Scilex Holding Company, and Denali Capital Acquisition Corp. Announce the Closing of Their Previously Announced Business Combination](https://www.globenewswire.com/news-release/2025/09/22/3154269/0/en/Semnur-Pharmaceuticals-Inc-Semnur-a-Majority-Owned-Subsidiary-of-Scilex-Holding-Company-Nasdaq-SCLX-Scilex-and-Denali-Capital-Acquisition-Corp-Announce-the-Closing-of-Their-Previou.html) \- OTC: DNQAF DNQWF -> OTC: SMNR SMNRW on September 23, 2025
Looks like NASDAQ did **NOT** approve SMNR for listing, so this will continue to trade on the OTC market. [Last trade for DNQAF](https://www.otcmarkets.com/stock/DNQAF/overview#:~:text=MORE-,TRADE%20DATA,-DATE) shows as 100 shares ( day's total ) on August 22.
There were [43,739 shares subject to possible redemption as of June 30, 2025](https://www.sec.gov/Archives/edgar/data/1913577/000121390025077047/ea0251993-10q_denali.htm#:~:text=43%2C739%20and%20751%2C837%20shares%20subject%20to%20possible%20redemption%20as%20of%20June%2030%2C%202025), Denali did not provide redemption information for the business combination vote, so total public float unknown but may be less than 40k.