Denali Capital Acquisition Corp. Announces Extension of Deadline to Complete Business Combination
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, extending from February 11, 2025, to March 11, 2025. To facilitate this extension, the company has deposited $15,063.74 into its trust account.
The deposit was funded through a convertible promissory note issued to Scilex Holding Company (NASDAQ: SCLX) with a maximum principal amount of $180,000. The note carries no interest and is convertible into DECA's Class A ordinary shares at $10.00 per share upon closing of a business combination. The remaining $74,608.82 of the note may be used for future monthly extensions if needed.
Denali Capital Acquisition Corp. (NASDAQ: DECA) ha annunciato un'estensione di un mese della scadenza per completare una combinazione aziendale, estendendo dal 11 febbraio 2025 all'11 marzo 2025. Per facilitare questa estensione, la società ha depositato $15,063.74 nel suo conto fiduciario.
Il deposito è stato finanziato tramite un pagherò convertibile emesso a favore di Scilex Holding Company (NASDAQ: SCLX) con un importo massimo nominale di $180,000. Il titolo non prevede interessi ed è convertibile in azioni ordinarie di Classe A di DECA a $10.00 per azione al momento della chiusura della combinazione aziendale. I restanti $74,608.82 del titolo possono essere utilizzati per future estensioni mensili se necessario.
Denali Capital Acquisition Corp. (NASDAQ: DECA) ha anunciado una extensión de un mes en su plazo para completar una combinación de negocios, ampliando del 11 de febrero de 2025 al 11 de marzo de 2025. Para facilitar esta extensión, la empresa ha depositado $15,063.74 en su cuenta de fideicomiso.
El depósito se financió a través de un pagaré convertible emitido a Scilex Holding Company (NASDAQ: SCLX) con un monto principal máximo de $180,000. El pagaré no devenga intereses y es convertible en acciones ordinarias de Clase A de DECA a $10.00 por acción al cierre de la combinación de negocios. Los $74,608.82 restantes del pagaré pueden ser utilizados para futuras extensiones mensuales si es necesario.
Denali Capital Acquisition Corp. (NASDAQ: DECA)는 비즈니스 조합을 완료하기 위한 마감일을 2025년 2월 11일에서 2025년 3월 11일로 한 달 연장한다고 발표했습니다. 이 연장을 용이하게 하기 위해 회사는 신탁 계좌에 $15,063.74를 예치했습니다.
예치는 Scilex Holding Company (NASDAQ: SCLX)에 발행된 전환 가능한 약속어음을 통해 자금이 조달되었습니다. 최대 원금 금액은 $180,000입니다. 이 어음은 이자가 없으며, 비즈니스 조합이 성사될 때 DECA의 클래스 A 보통주로 주당 $10.00에 전환할 수 있습니다. 약속어음의 남은 $74,608.82는 필요한 경우 향후 월간 연장을 위해 사용할 수 있습니다.
Denali Capital Acquisition Corp. (NASDAQ: DECA) a annoncé une extension d'un mois de son délai pour finaliser une combinaison d'affaires, reportant ainsi la date du 11 février 2025 au 11 mars 2025. Pour faciliter cette extension, la société a déposé 15 063,74 $ sur son compte fiduciaire.
Le dépôt a été financé par un billet à ordre convertible émis au profit de Scilex Holding Company (NASDAQ: SCLX) d'un montant nominal maximum de 180 000 $. Ce billet ne génère aucun intérêt et peut être converti en actions ordinaires de Classe A de DECA à 10,00 $ par action lors de la clôture de la combinaison d'affaires. Les 74 608,82 $ restants du billet peuvent être utilisés pour des extensions mensuelles futures si nécessaire.
Denali Capital Acquisition Corp. (NASDAQ: DECA) hat eine einmonatige Verlängerung seiner Frist für den Abschluss einer Unternehmenszusammenschlusses angekündigt, die sich vom 11. Februar 2025 auf den 11. März 2025 erstreckt. Um diese Verlängerung zu erleichtern, hat das Unternehmen $15,063.74 auf sein Treuhandkonto eingezahlt.
Die Einzahlung wurde durch einen konvertierbaren Schuldschein finanziert, der an die Scilex Holding Company (NASDAQ: SCLX) mit einem maximalen Nennbetrag von $180,000 ausgegeben wurde. Der Schuldschein trägt keine Zinsen und kann bei Abschluss des Unternehmenszusammenschlusses in DECA Aktien der Klasse A zu einem Preis von $10.00 pro Aktie umgewandelt werden. Die verbleibenden $74,608.82 des Schuldscheins können bei Bedarf für zukünftige monatliche Verlängerungen verwendet werden.
- Secured additional time to complete business combination
- Successfully obtained funding through convertible note with no interest
- Potential for future extensions with remaining note balance of $74,608.82
- Need for deadline extension suggests potential delays in completing business combination
- Additional dilution risk from potential conversion of promissory note
- Continued trust account deposits required for future extensions
NEW YORK, NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Denali Capital Acquisition Corp. (NASDAQ: DECA) (the “Company”) announced today that it has deposited into the Company’s trust account (the “Trust Account”) an aggregate of
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 long is DECA's new deadline extension for completing its business combination?
How much did DECA deposit into the trust account for the February 2025 extension?
What are the terms of DECA's convertible promissory note with Scilex?
How much remains available under DECA's convertible promissory note for future extensions?
