other_material
confidence high
sentiment neutral
materiality 0.50
Denali Capital Acquisition Corp. extends business combination deadline to July 11, 2025
Semnur Pharmaceuticals, Inc.
- Deposited $874.78 into trust account to extend deadline from June 11 to July 11, 2025.
- Extension funded via convertible promissory note from Scilex Holding (SCLX) with principal up to $180,000.
- Note bears no interest, convertible at $10.00/share upon business combination; remaining $56,920.74 available for future extensions.
- Note repayable on earlier of business combination or liquidation of the company.
item 8.01item 9.01