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Denali Capital Extends Business Combination Deadline

Story Highlights
  • Denali Capital Acquisition Corp. extended its business combination deadline to July 11, 2025.
  • The extension was funded by a convertible promissory note with Scilex Holding Company.
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Denali Capital Extends Business Combination Deadline

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The latest announcement is out from Denali Capital Acquisition Corp Class A ( (DNQAF) ).

On June 11, 2025, Denali Capital Acquisition Corp. announced it had deposited $874.78 into its Trust Account to extend its deadline for completing a business combination from June 11, 2025, to July 11, 2025. This extension was funded through a convertible promissory note with Scilex Holding Company, allowing for future extensions if necessary, and reflects the company’s ongoing efforts to secure a suitable business combination.

More about Denali Capital Acquisition Corp Class A

Denali Capital Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company, primarily focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or entities.

Average Trading Volume: 1,124

Technical Sentiment Signal: Hold

Current Market Cap: $30.19M

See more insights into DNQAF stock on TipRanks’ Stock Analysis page.

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