Pelican Acquisition II closes IPO raising $86.25 million

Reuters2026/07/29 13:25

By:Reuters

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Pelican Acquisition II closed its IPO on July 27, 2026, selling 8,625,000 units at USD 10 per unit for USD 86.25 million gross.
Units trade on Nasdaq under PLCIU; each unit includes one ordinary share, one right convertible into 0.1 ordinary share at a deal closing.
EarlyBirdCapital served as sole book-running manager; the over-allotment option was exercised in full for 1,125,000 units.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelican Acquisition II Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290925PRIMZONEFULLFEED9800217) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pelican Acquisition II closes IPO raising $86.25 million

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