other material
confidence high
sentiment neutral
materiality 0.50
Denali Capital extends business combination deadline to Oct 11, 2024 via trust deposit
Semnur Pharmaceuticals, Inc.
- Deposited $15,063.74 into trust to extend deadline one month from Sept 11 to Oct 11, 2024.
- Funding from Scilex Holding (SCLX) convertible promissory note up to $180,000, zero interest.
- Note convertible into DECA Class A shares at $10.00 per share upon business combination close.
- Remaining $149,899.52 of note principal available to fund further monthly extensions.