Core Points - The Company has received shareholder approval to extend the deadline for completing an initial business combination from July 11, 2024, to April 11, 2025, with the option to extend monthly for up to nine additional months [7] - A deposit of $15,063.74 has been made into the Trust Account to fund the one-month extension, which is the lesser of $20,000 or $0.02 per public share not redeemed prior to the extension [2] - The deposit was funded through a convertible promissory note of up to $180,000 issued to the Sponsor, which is interest-free and repayable upon the consummation of the business combination or liquidation [2] Company Information - Denali Capital Acquisition Corp. is a blank check company incorporated in the Cayman Islands, aimed at effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination [8] - The Company filed the Definitive Proxy Statement with the SEC on June 28, 2024, in connection with the solicitation of proxies for the Shareholder Meeting [5]
Denali Capital Acquisition Corp. Announces Shareholder Approval of Extension of Deadline to Complete Business Combination