NEW
YORK, Oct. 11, 2023 /PRNewswire/ -- Denali
Capital Acquisition Corp. (NASDAQ: DECA) (the "Company") announced
today that the Company's shareholders voted in favor of approving
amendments to the Company's amended and restated memorandum and
articles of association (the "Articles") to, amongst other things,
extend the date by which the Company must consummate an initial
business combination from October 11,
2023 to July 11, 2024 by
electing to extend the date to consummate an initial business
combination on a monthly basis for up to nine times by an
additional one month each time (the "Extension"). The Company
also announced today that an aggregate of $50,000 has been deposited into the Company's
trust account to extend the period of time the Company has to
consummate its initial business combination by an additional month
in accordance with the amended terms of the Articles.
A Current Report on Form 8-K disclosing the full voting results
will be filed with the U.S. Securities and Exchange Commission (the
"SEC").
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.
Participants in the Solicitation
The Company, its directors and executive officers and other
persons may be deemed to be participants in the solicitation of
proxies from the Company's shareholders in respect of the
Extension. Information regarding the Company's directors and
executive officers is available in its Annual Report on Form 10-K
filed with the SEC. Additional information regarding the persons
who may, under the rules of the SEC, be deemed participants in the
proxy solicitation and a description of their direct and indirect
interests are contained in the definitive proxy statement relating
to the Shareholder Meeting (the "Definitive Proxy Statement").
No Offer or Solicitation
This communication shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities.
This communication shall also not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any states or jurisdictions in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, or an exemption therefrom.
Additional Information and Where to Find It
On September 25, 2023, the Company
filed the Definitive Proxy Statement with the SEC in connection
with its solicitation of proxies for the Shareholder Meeting.
INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE
DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC
CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL
CONTAIN IMPORTANT INFORMATION. Investors and security holders will
be able to obtain free copies of the Definitive Proxy Statement
(including any amendments or supplements thereto) and other
documents filed with the SEC through the web site maintained by the
SEC at www.sec.gov or by directing a request to the Company's proxy
solicitor, Advantage Proxy, Inc., at P.O. Box 10904 Yakima, WA 98909, Toll-Free (877) 870-8565 or
Collect (206) 870-8565, Email: ksmith@advantageproxy.com.
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.