Denali Capital Acquisition Corp. Announces Extension Of Deadline To Complete Business Combination From Dec. 11, 2023 To Jan. 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Denali Capital Acquisition Corp. (DECA) has deposited $50,000 into its trust account to extend the deadline for completing a business combination from December 11, 2023, to January 11, 2024. This extension is in line with the company's amended and restated memorandum and articles of association.
December 11, 2023 | 9:34 pm
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DECA has extended its deadline to complete a business combination by depositing $50,000 into its trust account, moving the date from December 11, 2023, to January 11, 2024.
The deposit into the trust account indicates that DECA is actively working towards a business combination, but the news does not provide details on the potential target or terms. The impact on the stock price is likely neutral in the short term as the market digests the implications of the extension and awaits further details on the business combination.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100