Denali Capital Acquisition Corp. Announces Extension Of Deadline To Complete Business Combination To April 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Denali Capital Acquisition Corp. (DECA) has extended the deadline to complete its business combination to April 11, 2024, by depositing an additional $50,000 into its trust account. This extension is in line with the company's amended and restated memorandum and articles of association.
March 11, 2024 | 8:42 pm
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Denali Capital Acquisition Corp. has extended its deadline for completing a business combination to April 11, 2024, by depositing $50,000 into its trust account.
The extension of the deadline for completing a business combination indicates ongoing efforts to finalize a deal, but does not directly imply immediate positive or negative impact on the stock price. The deposit into the trust account shows financial commitment towards achieving this goal. However, investor reactions can vary based on the perceived likelihood of a successful business combination.
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