Denali Capital Global Investments LLC - 06 Apr 2022 Form 3 Insider Report for Denali Capital Acquisition Corp. (DNQAF)

Role: 10%+ Owner
Signature: /s/ Jiandong Xu, Manager and Controlling Member of Denali Capital Global Investments LLC
Issuer symbol: DNQAF
Transactions as of: 06 Apr 2022
Net transactions value: $0
Form type: 3
Filing time: 06 Apr 2022, 20:44:54 UTC
Next filing: 13 Apr 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	DECA	Class B Ordinary Shares							06 Apr 2022	Class A Ordinary Shares	2,026,250		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	. The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, and have no expiration date.
F2	Includes up to 281,250 Class B ordinary shares that will be surrendered to the Issuer for no consideration by the Sponsor depending on the extent to which the underwriters' over-allotment option is exercised.