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.
德納利資本收購公司（納斯達克股票代碼：DECA）（「公司」）今天宣佈，已向公司的信託帳戶（「信託帳戶」）存入總額爲15,063.74美元，爲從2024年9月11日延期至2024年10月11日的一個月提供資金。這筆存款通過公司向Scilex Holding Company（納斯達克股票代碼：SCLX，「Scilex」））發行的本金最高爲18萬美元的可轉換期票融資，該期票不計利息，應在公司初始業務合併完成生效之日或公司清算之日以較早者償還。企業合併完成後，Scilex可自行決定將該票據轉換爲公司的A類普通股，轉換價格爲每股10.00美元。可轉換本票下剩餘的149,899.52美元本金的未來任何提款預計都將爲未來一個月的延期提供資金，以便爲公司完成業務合併提供更多時間。
譯文內容由第三人軟體翻譯。