Denali Capital Acquisition Corp Offers IPO of 7.5M Units at $10/Unit By Investing.com

©Reuters. Denali Capital Acquisition Corp (DECAU) completes IPO of 7.5M units at $10/unit

Denali Capital Acquisition Corp. announced today that it has offered its initial public offering (“IPO”) of 7,500,000 units at a price of $10.00 per unit. The units have been admitted to listing on The (“NASDAQ”) and trading under the symbol “DECAU” effective April 7, 2022. Each unit issued at the offering will consist of one Class A common share and one redeemable warrant, each whole warrant being exercisable to purchase one whole share of Class A common stock at a price of $11.50 per share. After the securities comprising the entities are traded separately, Class A common stock and warrants are expected to be listed on NASDAQ under the symbols “DECA” and “DECAW,” respectively. The offering is expected to close on or about April 11, 2022, subject to customary closing conditions.

The Company has granted the underwriters a 45-day option to purchase up to 1,125,000 additional units at the IPO price to cover any over-allotment.

US Tiger Securities, Inc. and EF Hutton, a division of Benchmark Investments, LLC, are acting as joint book-running managers for the offering. Craig-Hallum Capital Group LLC acts as a qualified independent underwriter.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (“SEC”) and was effective on April 6, 2022. A definitive prospectus relating to this offering will be filed with the SEC. The offering is being made only by means of a prospectus, copies of which, when available, may be obtained from US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022; E-mail: [email protected]. Copies of the registration statement may be obtained through the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will any sale of these securities be made in any state or jurisdiction in which such offer, solicitation or sale prior to registration or qualification under the securities laws of any such state or jurisdiction.