Corporate ActionAug 12, 2026, 04:48 PM
Pelican Acquisition II Units to Separately Trade as Shares & Rights
AI Summary
Pelican Acquisition II Corporation announced that holders of its units may elect to separately trade the ordinary shares and rights included in the units, effective on or about August 12, 2026. Unseparated units will continue to trade under "PLCIU," while separated ordinary shares and rights will trade under "PLCI" and "PLCIR," respectively. Each unit comprises one ordinary share and one right, with brokers facilitating the separation through the company's transfer agent.
Key Highlights
- Pelican Acquisition II units can now be separately traded as ordinary shares and rights.
- Separate trading of ordinary shares and rights commences on or about August 12, 2026.
- Unseparated units will continue to trade on Nasdaq Capital Market under symbol "PLCIU".
- Separated ordinary shares are expected to trade under symbol "PLCI".
- Separated rights are expected to trade under symbol "PLCIR".
- Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of one ordinary share.
- Holders must contact their brokers to separate units via Continental Stock Transfer & Trust Company.
Price Impact
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