NEW
YORK, May 26, 2022 /PRNewswire/ -- Denali
Capital Acquisition Corp. (NASDAQ: DECAU) ("Denali" or the
"Company") announced today that, commencing May 31, 2022, holders of units (the "Units") sold
in the Company's initial public offering ("IPO") of 8,250,000
Units, may elect to separately trade the Class A ordinary shares
and warrants included in the Units. Each Unit consists of one Class
A ordinary share and one redeemable warrant to purchase one Class A
ordinary share. Any underlying Class A ordinary shares and warrants
that are separated will trade on The Nasdaq Global Market
("NASDAQ") under the symbols "DECA" and "DECAW". Any Units not
separated will continue to trade on NASDAQ under the symbol
"DECAU." No fractional warrants will be issued upon
separation of the Units and only whole warrants will trade. Holders
of Units will need to have their brokers contact VStock Transfer,
LLC, the Company's transfer agent, in order to separate the
holders' Units into Class A ordinary shares and warrants.
![(PRNewsfoto/Denali Capital Acquisition Corp.) (PRNewsfoto/Denali Capital Acquisition Corp.)](https://mma.prnewswire.com/media/1782021/Denali_Capital_Acquisition_Corp_Logo.jpg)
The Units were initially offered by the Company in an
underwritten offering. US Tiger Securities, Inc. and EF Hutton,
division of Benchmark Investments, LLC acted as the joint book
running managers. Craig-Hallum Capital Group LLC acted as qualified
independent underwriter.
About Denali Capital Acquisition Corp.
Denali Capital Acquisition Corp. is a blank check company
incorporated as a Cayman Islands
exempted company for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
similar business combination with one or more businesses or
entities.
Forward-Looking Statements
This press release includes "forward looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward looking statements.
Forward looking statements are subject to numerous conditions,
risks and changes in circumstances, many of which are beyond the
control of the Company, including those set forth in the "Risk
Factors" section of the Company's registration statement, as
amended from time to time, and prospectus for the offering filed
with the SEC. Such forward-looking statements include the separate
trading on NASDAQ of the Company's Class A ordinary shares and
warrants underlying the Units and the Company's search for an
initial business combination. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
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SOURCE Denali Capital Acquisition Corp.