[Form 3] Denali Capital Acquisition Corp. Initial Statement of Beneficial Ownership
Navani Annu, listed at a Palo Alto address and identified as a director of Semnur Pharmaceuticals, Inc. (SMNR), filed an initial Form 3 reporting no securities beneficially owned. The filing is signed by an attorney-in-fact and references Exhibit 24 (Power of Attorney). The statement indicates this is an individual filing by one reporting person and records the event date as 09/22/2025.
- None.
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Insights
TL;DR: Initial director filing reports no beneficial ownership, signaling no immediate insider share exposure.
The Form 3 documents a director-level reporting person who, at the time of the required disclosure event, does not beneficially own any shares or derivative positions in Semnur Pharmaceuticals, Inc. This is a routine disclosure required under Section 16. The inclusion of Exhibit 24 indicates a Power of Attorney was used to file the form on the reporting person's behalf.
TL;DR: Compliance filing is procedural and neutral; no securities held reduces potential Section 16 reporting triggers.
The Form 3 appears complete for its purpose: identifying the reporting person, relationship to the issuer as a director, and stating that no securities are beneficially owned. Because no positions are reported, there are no immediate Section 16(b) short-swing profit implications. The signature by an attorney-in-fact and reference to a Power of Attorney are procedural details relevant to filing authority.