InvestmentJul 23, 2026, 07:07 PM
Pelican Acquisition II prices IPO of 7.5M units at $10.00
AI Summary
Pelican Acquisition II Corporation announced the pricing of its initial public offering of 7,500,000 units at $10.00 per unit. The units are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "PLCIU" on July 24, 2026. Each unit comprises one ordinary share and one right, with each right entitling the holder to one-tenth of an ordinary share upon an initial business combination. The offering is anticipated to close on July 27, 2026, and EarlyBirdCapital, Inc. serves as the sole book-running manager, with an over-allotment option for additional units.
Key Highlights
- Priced initial public offering of 7,500,000 units at $10.00 per unit.
- Units expected to trade on Nasdaq Capital Market under ticker "PLCIU" from July 24, 2026.
- Each unit consists of one ordinary share and one right (1/10th of an ordinary share).
- Ordinary shares and rights expected to trade separately as "PLCI" and "PLCIR" respectively.
- Offering expected to close on July 27, 2026, subject to customary conditions.
- EarlyBirdCapital, Inc. is sole book-running manager.
- EarlyBirdCapital has a 45-day option to purchase up to an additional 1,125,000 units.
Price Impact