Pelican Acquisition II Corporation Prices $75 Million Initial Public Offering, Units to Begin Trading on Nasdaq Today

Pelican Acquisition II Corporation, a Cayman Islands exempted company, 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' starting July 24, 2026. Each unit comprises one ordinary share and one right, with each right entitling the holder to receive one-tenth of one ordinary share upon the consummation of an initial business combination. The offering is anticipated to close on July 27, 2026.