A single Dirac well supports ine bound state. Let's say its energy is $-E_0$. When we have two wells, the tunneling lifts the degeneracy, transforming the two $-E_0$ states into: $-E_0\pm\Delta(a)$.
The amplitude of the correction $\Delta(a)$ depends on how close the wells are. If they are very far apart, it may be very small and negligeable (in comparison to other problem parameters). If they are so close that $\Delta>E_0$, the asymmetric state might be "pushed" above the zero, i.e., it may stop to exist.
Source of intuition
The intuitive picture described above is based on an analogy with two degenerate levels coupled via a small perturbation (i.e., two levels in the each potential well coupled via tunneling). This is described by a Hamiltonia
$$H=\begin{bmatrix} -E_0&\Delta\\\Delta&-E_0\end{bmatrix},$$
which is easily diagonalized to give solutions $$E_\pm=-E_0\pm \Delta.$$
The energy levels split with one state lowering in respect to the original energy level, and the other going up. In case of a double well, if $-E_0 +\Delta >0$, this state is pushed into the continuum, i.e., it ceases to be bound.
Exact solution
The problem with two Dirac wells can be easily solved, resulting in the following equation for energies:
$$
E=-\frac{\hbar^2 q^2}{2m},
(q-q_0)^2-q_0^2e^{-2q a}=0,
$$
where the energy of the bound state in a single potential well is given by
$$
E_0=-\frac{\hbar^2 q_0^2}{2m},q_0=\frac{m\alpha}{\hbar^2}.
$$
The equation for $q$ can be recast as two equations:
$$
q=q_0+q_0e^{-qa},\\
q=q_0-q_0e^{-qa}.
$$
Solving these graphically, one can immediately see that the first equation always has a solution with $q>q_0$. This is the symmetric/bonding state that always remains bound. The second equation has a non-trivial solution only if the initial slope of the curve $q_0-q_0e^{-qa}$ is greater than $1$, i.e. $q_0a >1$ - this is the indication for the disappearance of the bound state when the separation between the two wells is too small.
Finally, for $q_0a\gg 1$ we can approximate the two solutions to order $e^{-q_0a}$ by
$$
q=q_0(1\pm e^{-q_0 a}),$$
which gives us energies
$$
E_\pm=E_0(1\pm e^{-q_0 a})^2=E_0(1+e^{-2q_0 a})\pm 2E_0 e^{-q_0 a}\approx E_0\pm 2E_0 e^{-q_0 a},$$
consistent with our initial intuition.