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.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Cannabis-Focused Investment Firm Silver Spike Looks To Raise US$85.0 Million On Its Nasdaq IPO

Management investment firm Silver Spike Investment Corp. (Nasdaq: SSIC) announced on Friday the pricing of...

Monday, February 7, 2022, 02:25:00 PM

Singapore-Based SPAC RF Acquisition Prices US$100 Million IPO

Special purpose acquisition company RF Acquisition Corp. (Nasdaq: RFACU) started trading its securities on the...

Thursday, March 24, 2022, 02:25:00 PM

Software Firm GitLab Prices US$800 Million IPO

Software company GitLab Inc. (Nasdaq: GTLB) started trading on the Nasdaq Global Select Market Thursday...

Saturday, October 16, 2021, 04:15:00 PM

Online Cannabis Platform Leafly To Be Taken Public By SPAC Merida Merger

Blank-check company Merida Merger Corp. I (Nasdaq: MCMJ) announced today that it has entered into...

Monday, August 9, 2021, 10:59:00 AM

Biotech Firm Senti Bio To Be Taken Public In A $601 Million SPAC Merger

Senti Biosciences, Inc., also known as Senti Bio, has announced a business combination agreement with...

Tuesday, December 21, 2021, 04:38:00 PM