Denali Capital Acquisition's (NASDAQ:DECAU – Get Rating) lock-up period will expire on Tuesday, October 4th. Denali Capital Acquisition had issued 7,500,000 shares in its public offering on April 7th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Denali Capital Acquisition Stock Performance

NASDAQ DECAU opened at $10.06 on Monday. Denali Capital Acquisition has a 12 month low of $9.80 and a 12 month high of $10.58. The business has a fifty day moving average of $10.09.

Institutional Investors Weigh In On Denali Capital Acquisition

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Denali Capital Acquisition in the second quarter worth $3,922,000. Condor Capital Management bought a new position in shares of Denali Capital Acquisition during the second quarter valued at $118,000. Yakira Capital Management Inc. bought a new position in shares of Denali Capital Acquisition during the second quarter valued at $947,000. Wolverine Asset Management LLC bought a new position in shares of Denali Capital Acquisition during the second quarter valued at $1,619,000. Finally, Calamos Advisors LLC bought a new position in shares of Denali Capital Acquisition during the second quarter valued at $3,490,000.

About Denali Capital Acquisition

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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