other material
confidence high
sentiment neutral
materiality 0.50
Denali Capital extends business combination deadline to Dec 11, 2024 with $15,064 deposit
Semnur Pharmaceuticals, Inc.
- Deposited $15,063.74 into trust account to extend deadline from Nov 11 to Dec 11, 2024.
- Funding came from a convertible promissory note issued to Scilex Holding (SCLX) for up to $180,000.
- Note bears no interest, repayable upon business combination or liquidation; convertible at $10.00/share.
- Remaining $119,772.04 under the note may fund future monthly extensions.
- SPAC (DECA) is a blank-check company seeking a business combination.