Pelican Acquisition II Corporation announced that holders of its units may elect to separately trade the ordinary shares and rights included in the units, commencing on or about August 12, 2026. Units not separated will continue trading under the symbol PLCIU, while the separated ordinary shares and rights are expected to trade under symbols PLCI and PLCIR, respectively. Each unit consists of one ordinary share and one right exchangeable for one-tenth of an ordinary share. This is a standard administrative procedure for SPACs following their initial public offering. Pelican Acquisition II Corporation operates as a blank check company formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses.

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.