Financial Performance - For the three months ended September 30, 2022, the company reported a net income of $307,468, consisting of interest earned on investments of $380,429, offset by formation and operating costs of $72,961[96]. - From January 5, 2022, to September 30, 2022, the company had a net income of $265,278, with interest earned on investments totaling $495,261 and formation and operating costs of $229,983[96]. Cash and Securities - As of September 30, 2022, the company had cash of $985,578 and working capital of $1,027,202[106]. - As of September 30, 2022, the company had marketable securities held in the Trust Account amounting to $84,645,261[104]. IPO and Financing - The company raised gross proceeds of $82,500,000 from its IPO by selling 8,250,000 Public Units at $10.00 each[102]. - The company also generated $5,100,000 from the sale of 510,000 Private Placement Units at $10.00 each[102]. - The company incurred total transaction costs of $5,105,315 related to the IPO, including $1,650,000 in underwriting fees[103]. - The company may need to obtain additional financing to complete its Business Combination or to cover redemptions of Public Shares[108]. Business Operations and Plans - The company expects to incur significant costs in pursuing its acquisition plans and does not anticipate generating operating revenues until after completing its initial Business Combination[93][94]. - The Company is classified as an "emerging growth company" under the JOBS Act, allowing it to take advantage of certain reporting exemptions[115]. Shareholder Information - As of September 30, 2022, there are 8,250,000 Class A ordinary shares subject to possible redemption, presented at redemption value as temporary equity[117]. - The Company accounts for 8,250,000 Public Warrants and 510,000 Private Warrants as equity-classified instruments[120]. - Net loss per ordinary share is calculated by dividing net loss by the weighted average number of ordinary shares outstanding, with no dilutive securities as of September 30, 2022[121]. Risk Management - The Company has invested IPO net proceeds in U.S. government securities with a maturity of 185 days or less, minimizing exposure to interest rate risk[124]. - The company has no off-balance sheet financing arrangements as of September 30, 2022[109].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41351 DENALI CAPITAL ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41351 DENALI CAPITAL ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands (State or other jurisdict ...