Denali Capital Acquisition Corp.’s Quiet Period Will Expire on May 17th (NASDAQ:DECAU)

Denali Capital Acquisition’s (NASDAQ:DECAUGet Rating) quiet period is set to expire on Tuesday, May 17th. Denali Capital Acquisition had issued 7,500,000 shares in its initial public offering on April 7th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During Denali Capital Acquisition’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Shares of Denali Capital Acquisition stock opened at $10.04 on Tuesday. Denali Capital Acquisition has a 12-month low of $10.01 and a 12-month high of $10.09.

Denali Capital Acquisition Company Profile (Get Rating)

Denali Capital Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.

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