Pelican Acquisition II Corp Closes IPO at $86.25 Million


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Pelican Acquisition II Corporation Closes Initial Public Offering
New York, NY - Pelican Acquisition II Corporation (Nasdaq: PLCIU) has successfully closed its initial public offering. The company raised gross proceeds of $86.25 million, which includes the full exercise of the underwriters' over-allotment option.
The offering consisted of 8,625,000 units priced at $10.00 per unit. Each unit comprises one ordinary share and one right, with the right entitling the holder to one-tenth of one ordinary share upon the consummation of an initial business combination.
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