Welcome to our dedicated page for Denali Capital Acquisition news (Ticker: DECA), a resource for investors and traders seeking the latest updates and insights on Denali Capital Acquisition stock.
News for Denali Capital Acquisition Corp. (NASDAQ: DECA) centers on its activities as a blank check company incorporated as a Cayman Islands exempted company. Public announcements emphasize its efforts to manage the timeline for completing an initial business combination through shareholder approvals, trust account funding, and financing arrangements.
A recurring theme in DECA’s news releases is the extension of the deadline to consummate its initial business combination. The company reports making deposits into a designated trust account to fund one-month extensions, each time specifying the period covered and the aggregate amount deposited. These updates provide insight into how the company is using its trust structure to maintain flexibility as it pursues a potential business combination.
Another key news focus is the convertible promissory note issued to Scilex Holding Company. DECA’s announcements describe how this note, with a stated principal amount up to a defined limit, bears no interest and is repayable upon the consummation of a business combination or liquidation. The company also highlights that, upon closing a business combination, the note may be converted into Class A ordinary shares at a specified conversion price, at Scilex’s discretion.
News items also cover shareholder meetings and governance events, including extraordinary general meetings convened to vote on amendments extending the business combination deadline. These releases may describe adjournments and reconvened meetings intended to give shareholders more time to consider proposals outlined in a definitive proxy statement filed with the SEC.
Investors and observers tracking DECA’s news can follow updates on extension decisions, trust account deposits, shareholder approvals, and references to related SEC filings. These disclosures collectively outline the company’s progress and decision points as it works within its approved framework to complete an initial business combination or consider alternatives if that objective is not achieved.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, moving from May 11, 2025, to June 11, 2025. The company has deposited $874.78 into its trust account to fund this extension through a convertible promissory note issued to Scilex Holding Company (NASDAQ: SCLX).
The note has a principal amount of up to $180,000, bears no interest, and is repayable upon either the completion of the initial business combination or company liquidation. Upon closing a business combination, Scilex can convert the note into DECA Class A ordinary shares at $10.00 per share. The remaining $57,795.52 of the note may fund future monthly extensions.
Denali Capital Acquisition Corp. (NASDAQ:DECA) shareholders have approved an extension to complete their initial business combination, moving the deadline from April 11, 2025, to December 11, 2025. The extension allows for up to eight monthly extensions.
The company deposited $874.78 ($0.02 per public share) into its trust account, funded through a convertible promissory note from Scilex Holding Company (SCLX). The note has a principal amount of up to $180,000, bears no interest, and is convertible into DECA Class A ordinary shares at $10.00 per share upon business combination completion.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced the adjournment of its Extraordinary General Meeting of Shareholders from April 10, 2025, to Friday, April 11, 2025, at 10:00 a.m. Eastern Time. The meeting will be held at US Tiger Securities offices in New York.
The adjournment aims to provide shareholders of record additional time to review the proposals outlined in the company's definitive proxy statement filed on March 27, 2025. Only shareholders of record as of March 24, 2025, are eligible to vote. Previously submitted proxies will remain valid for the adjourned meeting unless properly revoked.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, moving from March 11, 2025, to April 11, 2025. To facilitate this extension, the company has deposited $15,063.74 into its trust account.
The deposit was funded through a convertible promissory note issued to Scilex Holding Company (NASDAQ: SCLX) with a maximum principal amount of $180,000. The note carries no interest and is convertible into DECA's Class A ordinary shares at $10.00 per share upon closing of a business combination. The remaining $59,545.08 of the note may be used for future monthly extensions if needed.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, extending from February 11, 2025, to March 11, 2025. To facilitate this extension, the company has deposited $15,063.74 into its trust account.
The deposit was funded through a convertible promissory note issued to Scilex Holding Company (NASDAQ: SCLX) with a maximum principal amount of $180,000. The note carries no interest and is convertible into DECA's Class A ordinary shares at $10.00 per share upon closing of a business combination. The remaining $74,608.82 of the note may be used for future monthly extensions if needed.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, moving from January 11, 2025, to February 11, 2025. To facilitate this extension, the company has deposited $15,063.74 into its trust account.
The deposit was funded through a convertible promissory note issued to Scilex Holding Company (NASDAQ: SCLX) with a maximum principal amount of $180,000. The note carries no interest and is convertible into DECA's Class A ordinary shares at $10.00 per share upon closing of a business combination. The remaining $89,672.56 of the note may be used for future monthly extensions if needed.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, extending from December 11, 2024, to January 11, 2025. The company has deposited $15,063.74 into its trust account to fund this extension. The deposit was financed through a convertible promissory note issued to Scilex Holding Company with a maximum principal amount of $180,000. The note is interest-free and convertible into DECA's Class A ordinary shares at $10.00 per share upon closing of a business combination. The remaining $104,708.30 of the note may be used for future monthly extensions if needed.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension for completing its business combination, extending the deadline from November 11, 2024, to December 11, 2024. The company has deposited $15,063.74 into its trust account to fund this extension. The deposit was funded through a $180,000 convertible promissory note issued to Scilex Holding Company, with $119,772.04 remaining available for future extensions. The note is interest-free and convertible into DECA's Class A ordinary shares at $10.00 per share upon closing of a business combination.
Denali Capital Acquisition Corp. (NASDAQ: DECA) has announced a one-month extension of its deadline to complete a business combination, from September 11, 2024, to October 11, 2024. To fund this extension, the company has deposited $15,063.74 into its trust account. This deposit was financed through a convertible promissory note issued to Scilex Holding Company (NASDAQ: SCLX) with a principal amount of up to $180,000.
The note is interest-free and convertible into DECA's Class A ordinary shares at $10.00 per share upon closing a business combination. The remaining $149,899.52 of the note may be used for future one-month extensions if needed. This move provides DECA with additional time to finalize a potential business combination.
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