Denali Capital Global Investments LLC - May 21, 2022 Form 4 Insider Report for Denali Capital Acquisition Corp. (DECA)

Role: 10%+ Owner
Signature: /s/ Jiandong Xu, Manager and Controlling Member of Denali Capital Global Investments LLC
Stock symbol: DECA
Transactions as of: May 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/24/2022, 04:18 PM
Previous filing: Apr 13, 2022
Next filing: Sep 16, 2024

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
transaction	DECA	Class B Ordinary Shares	Disposed to Issuer		-93.8K	-4.63%		1.93M	May 21, 2022	Class A Ordinary Shares	93.8K		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	As described in the Reporting Person's Form 3 filed April 6, 2022, an aggregate of 281,250 Class B ordinary shares were subject to forfeiture to the Issuer for no consideration by the Reporting Person, depending on the extent to which the underwriters' over-allotment option is exercised. The underwriters only partially exercised their over-allotment option, resulting in the Reporting Person forfeiting 93,750 Class B ordinary shares.

Content

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.

As described in the Reporting Person's Form 3 filed April 6, 2022, an aggregate of 281,250 Class B ordinary shares were subject to forfeiture to the Issuer for no consideration by the Reporting Person, depending on the extent to which the underwriters' over-allotment option is exercised. The underwriters only partially exercised their over-allotment option, resulting in the Reporting Person forfeiting 93,750 Class B ordinary shares.