NEW
YORK, April 12, 2023 /PRNewswire/ -- Denali
Capital Acquisition Corp. (NASDAQ: DECA) ("Denali" or the
"Company") announced today that it has deposited into the Company's
trust account an aggregate of $825,000 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. This is the first of the two three-month extensions
permitted under the Company's governing documents.
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 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.