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

Rhea-AI Summary

Denali Capital Acquisition Corp. (DECA) extends business combination timeline with a $50,000 deposit.

NEW YORK, March 11, 2024 /PRNewswire/ -- 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 March 11, 2024 to April 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.

 

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SOURCE Denali Capital Acquisition Corp.

FAQ

What is the ticker symbol for Denali Capital Acquisition Corp. mentioned in the press release?

The ticker symbol for Denali Capital Acquisition Corp. is DECA.

How much money was deposited into the Company's trust account according to the press release?

An aggregate of $50,000 was deposited into the Company's trust account.

What is the new deadline for the business combination mentioned in the press release?

The new deadline for the business combination has been extended by an additional month from March 11, 2024, to April 11, 2024.

What document outlines the terms of the business combination extension in the press release?

The amended and restated memorandum and articles of association detail the terms of the business combination extension.