Denali Capital Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

Rhea-AI Summary

Denali Capital Acquisition Corp. (DECA) has deposited $50,000 into its trust account to extend the period for its business combination by a month, from April 11 to May 11, 2024, as per the amended terms of its memorandum and articles of association.

NEW YORK, NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Denali Capital Acquisition Corp. (NASDAQ: DECA) (the “Company”) announced today that an aggregate of $50,000 has been deposited into the Company’s trust account to further extend the period of time the Company has to consummate its business combination by an additional month from April 11, 2024 to May 11, 2024 in accordance with the amended terms of the Company’s amended and restated memorandum and articles of association.

About the Company

Denali Capital Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.

Forward-Looking Statements

This press release includes forward looking statements that involve risks and uncertainties. Forward-looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

FAQ

How much money has Denali Capital Acquisition Corp. (DECA) deposited into its trust account?

Denali Capital Acquisition Corp. (DECA) has deposited $50,000 into its trust account.

What is the new deadline for Denali Capital Acquisition Corp. (DECA) to consummate its business combination?

The new deadline for Denali Capital Acquisition Corp. (DECA) to consummate its business combination is extended by an additional month, from April 11, 2024, to May 11, 2024.

What are the amended terms mentioned in the press release?

The press release mentions the amended terms of Denali Capital Acquisition Corp. (DECA)'s amended and restated memorandum and articles of association.