Denali (NASDAQ: DECAU) recently announced the pricing of its initial public offering (“IPO”) of 7,500,000 units, each at a price of $10.00. Approved for listing on the NASDAQ Global Market, the units commenced trading under the symbol DECAU beginning on April 7, 2022. Each unit issued in the IPO consists of one Class A ordinary share and one redeemable warrant, with each whole warrant exercisable to purchase one whole Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols DECA and DECAW, respectively.
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About Denali Capital Acquisition Corp.
Denali 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. The company has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While the company may pursue an initial business combination target in any business or industry, it intends to focus its research on technology, hospitality and consumer services sector.
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