Denali Capital Acquisition Corp. And Longevity Biomedical, Inc. Mutually Agreed To Terminate Business Combination
Portfolio Pulse from Benzinga Newsdesk
Denali Capital Acquisition Corp. (NASDAQ:DECA) and Longevity Biomedical, Inc. have mutually agreed to terminate their previously announced business combination agreement. Denali and its sponsor will seek alternative ways to consummate an initial business combination.
June 27, 2024 | 4:41 pm
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Denali Capital Acquisition Corp. (NASDAQ:DECA) and Longevity Biomedical, Inc. have terminated their business combination agreement. Denali will now seek alternative ways to complete an initial business combination.
The termination of the business combination agreement introduces uncertainty regarding Denali's future plans and potential partnerships. This could negatively impact investor sentiment in the short term.
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