Saturday, May 31, 2025

Latest

Tech SPAC Denali Capital Acquisition Prices US$75 Million IPO

Special purpose acquisition company Denali Capital Acquisition Corp. (Nasdaq: DECAU) started trading publicly on the Nasdaq Global Market on Thursday. The company is seeking to raise US$75 million in its initial public offering.

The offering consists of 7.5 million company units priced at US$10.00 per unit. Each unit is composed of one Class A share and one purchase warrant, each redeemable for one Class A common share at US$11.50 per share.

The company units trade on the Nasdaq big board under the symbol “DECAU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “DECA” and “DECAW”, respectively.

The proposed offering is being managed by US Tiger Securities, Inc.–whose CEO Lei Huang also heads the SPAC–and EF Hutton as the lead bookrunners. The underwriters were granted a 45-day over-allotment option to purchase additional 1.125 million company units at the same IPO price.

On its target business combination, the firm plans to pursue firms “on technology, hospitality, and consumer services sector.”


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Biotech Firm OKYO Pharma Closes US$2.5 Million IPO

Biotech firm OKYO Pharma Limited (Nasdaq: OKYO) closed on Thursday its initial public offering on...

Saturday, May 21, 2022, 05:12:00 PM

Media SPAC Waverley Capital Acquisition 1 Seeks To Raise US$200 Million In IPO

Special purpose acquisition company Waverley Capital Acquisition Corp. 1 (NYSE: WAVCU) went public on the...

Saturday, August 21, 2021, 01:05:00 PM

Gage Cannabis Expected To IPO On CSE In Early April

Gage Cannabis has reportedly filed for a direct listing in Canada. Reported this morning by...

Wednesday, March 24, 2021, 01:21:15 PM

Israeli Tech Firm SaverOne Set To Close US$13 Million Nasdaq IPO

Transportation tech platform SaverOne 2014 Ltd. (Nasdaq: SVRE, SVREW) started trading on the Nasdaq on...

Tuesday, June 7, 2022, 02:22:00 PM

Dating App Grindr Swipes Right To Potential US$2.1 Billion SPAC Merger

LGBTQ+ dating app Grindr announced on Monday the potential business combination agreement with special purpose...

Tuesday, May 10, 2022, 02:25:00 PM