NEW
YORK, April 6, 2023 /PRNewswire/
-- Denali Capital Acquisition
Corp. (NASDAQ: DECA) ("Denali" or the "Company")
announced today that it intends to deposit into the Company's trust
account an aggregate of $825,000 in
order to extend the period of time the Company has to consummate
its initial business combination by an additional three months,
from the current deadline of April 11,
2023 to July 11, 2023 (the
"Extension"). In connection with the Extension, the Company expects
to deposit the additional funds into the trust account on or before
the current deadline of April 11,
2023. The Company is permitted to extend the period of time
to consummate a business combination by up to two times, each time
by an additional three months, subject to the requirement to
deposit additional funds into the Company's trust
account.
About Denali Capital Acquisition Corp.
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 prospectus for its initial public offering filed with the
SEC. 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.