Denali Capital Acquisition Corp. (NASDAQ: DECA), a public blank check company based in the Cayman Islands, has deposited $50,000 into its trust account in order to extend its deadline to complete a business combination by one more month, moving the deadline from May 11, 2024, to June 11, 2024. This extension is in line with the amended terms of the Company’s governing corporate documents. Denali Capital Acquisition Corp. was established for the purpose of undertaking a merger, share exchange, asset acquisition, share purchase, reorganization, or a similar business combination with other businesses or entities. This type of arrangement typifies the operations of Special Purpose Acquisition Companies (SPACs), which raise capital through initial public offerings with the intent of acquiring existing companies. The Company, in its press release, also included forward-looking statements concerning its future operations. The cautionary language stresses that these statements are subject to risks, uncertainties, and other factors — many of which are beyond the control of the Company — as detailed in the risk factors described in the Company’s annual and quarterly reports.

Capital Markets, Blank Check Companies, Financial Services,Cayman Islands, United States