Financing ·
Pelican Acquisition II Corporation consummated its initial public offering of 8,625,000 units on July 27, 2026…
PLCIUPelican Acquisition II Corp
Pelican Acquisition II Corporation consummated its initial public offering of 8,625,000 units on July 27, 2026, including the full exercise of the underwriters' over-allotment option. Each unit was sold at $10.00, generating gross proceeds of $86,250,000. Simultaneously, the company completed a private placement of 420,250 units to its sponsor and EarlyBirdCapital for $4,202,500. A total of $87,112,500 was placed in a trust account for the benefit of public shareholders. The company has until April 27, 2028, to complete an initial business combination or face liquidation. Pelican Acquisition II Corporation is a blank check company organized to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses.