Corporate ActionAug 10, 2026, 04:36 PM
Pelican Acquisition II Units to Trade Separately as PLCI, PLCIR
AI Summary
Pelican Acquisition II Corporation announced that holders of its units, sold in its initial public offering, may elect to separately trade the ordinary shares and rights included in the units. This separation is expected to commence on or about August 12, 2026. While unseparated units will continue to trade as "PLCIU", the separated ordinary shares and rights are anticipated to trade under "PLCI" and "PLCIR" respectively. Holders wishing to separate their units must contact their brokers.
Key Highlights
- Units to separate into ordinary shares and rights for separate trading.
- Separation of units expected to commence on or about August 12, 2026.
- Unseparated units will continue to trade under the symbol "PLCIU".
- Separated ordinary shares will trade under the symbol "PLCI".
- Separated rights will trade under the 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 facilitate the separation of units.
Price Impact
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