Form 3 Filed for Denali Capital: Director Listed Without Shareholdings

Rhea-AI Filing Summary

Wu Yue (Alexander) is reported as a director of Denali Capital Acquisition Corp. (ticker: SMNR). The Form 3 states the reporting person does not beneficially own any securities of the issuer and references a Power of Attorney (Exhibit 24). The statement lists the event date for the ownership report as 09/22/2025 and was signed by an attorney-in-fact on the reporting person's behalf.

Insights

Financial Analyst

TL;DR: Director appointment with no disclosed share ownership means current equity exposure is nil, so immediate shareholder dilution or insider selling signals are absent.

The filing records a director-level relationship without any beneficial ownership of the issuer's shares. For investors, this means there is currently no insider equity stake to align the director's incentives with shareholders or to indicate prior seed ownership. Absence of holdings also removes immediate insider buying/selling data that can be informative about the director’s view of valuation.

Corporate Governance Expert

TL;DR: Governance update is procedural: a director is reported but holds no securities; the filing includes a power of attorney for signature.

From a governance perspective, the key facts are the director designation and the explicit statement that no securities are beneficially owned. The inclusion of Exhibit 24 suggests standard execution authority was used to submit the form. This is a routine disclosure and does not by itself change board control, ownership structure, or voting outcomes.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Wu Yue Alexander

(Last) (First) (Middle)

C/O SEMNUR PHARMACEUTICALS, INC.

960 SAN ANTONIO ROAD

(Street)

PALO ALTO CA 94303

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/22/2025

3. Issuer Name and Ticker or Trading Symbol
Denali Capital Acquisition Corp. [ SMNR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney.

No securities are beneficially owned.

	/s/ Stephen Ma, as attorney-in-fact	09/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for Denali Capital Acquisition Corp (SMNR)?

The Form 3 reports Wu Yue (Alexander) as the reporting person and indicates the form was executed by an attorney-in-fact; Exhibit 24 (Power of Attorney) is referenced.

Does Wu Yue (Alexander) beneficially own shares of SMNR?

No. The Form 3 states no securities are beneficially owned by the reporting person.

What is the reporting person's relationship to Denali Capital Acquisition Corp?

The reporting person is listed as a Director of the issuer.

Is there any derivative or non-derivative position disclosed?

No. The filing contains no entries in Table I or Table II and explicitly states no securities are beneficially owned.

Does the filing include any exhibits?

Yes. The filing references Exhibit 24, a Power of Attorney used for execution of the form.