Denali Capital Acquisition Deposits $15K Into Trust Account To Fund Extension Until October 11, 2024; Funded Via Convertible Promissory Note With Scilex Holding Company For Up To $180K, Convertible Into Class A Shares At $10 Per Share
Denali Capital Acquisition Deposits $15K Into Trust Account To Fund Extension Until October 11, 2024; Funded Via Convertible Promissory Note With Scilex Holding Company For Up To $180K, Convertible Into Class A Shares At $10 Per Share
Denali Capital Acquisition Corp. (NASDAQ:DECA) (the "Company") announced today that it has deposited into the Company's trust account (the "Trust Account") an aggregate of $15,063.74 to fund the one-month extension from September 11, 2024, to October 11, 2024. This deposit was funded via a convertible promissory note with a principal amount of up to $180,000 issued by the Company to Scilex Holding Company (NASDAQ:SCLX, "Scilex"))))), which bears no interest and is repayable on the earlier of the effective date of the consummation of the Company's initial business combination or the date of the liquidation of the Company. Upon the closing of a business combination, the note is convertible, at Scilex's discretion, into the Company's Class A ordinary shares at a conversion price of $10.00 per share. Any future drawdowns of the remaining $149,899.52 principal amount available under the convertible promissory note are expected to fund future one-month extensions as necessary to provide additional time for the Company to complete a business combination.
德纳利资本收购公司（纳斯达克股票代码：DECA）（“公司”）今天宣布，已向公司的信托账户（“信托账户”）存入总额为15,063.74美元，为从2024年9月11日延期至2024年10月11日的一个月提供资金。这笔存款通过公司向Scilex Holding Company（纳斯达克股票代码：SCLX，“Scilex”））发行的本金最高为18万美元的可转换期票融资，该期票不计利息，应在公司初始业务合并完成生效之日或公司清算之日以较早者偿还。企业合并完成后，Scilex可自行决定将该票据转换为公司的A类普通股，转换价格为每股10.00美元。可转换本票下剩余的149,899.52美元本金的未来任何提款预计都将为未来一个月的延期提供资金，以便为公司完成业务合并提供更多时间。
