other material
confidence high
sentiment neutral
materiality 0.50
Denali Capital extends business combination deadline to Feb 11, 2025; deposits $15k via Scilex note
Semnur Pharmaceuticals, Inc.
- Deposited $15,063.74 into trust account to extend deadline from Jan 11 to Feb 11, 2025.
- Extension funded via convertible promissory note from Scilex Holding Company (SCLX) with principal up to $180,000.
- Note bears no interest, repayable upon business combination or liquidation; convertible at $10.00/share.
- Remaining $89,672.56 available under note to fund potential future one-month extensions.