Pelican Acquisition II Corp Closes IPO at $86.25 Million

SPAC
SPAC
Initial Public Offering / IPO SPAC
Initial Public Offering / IPO SPAC
IPO / SPAC:
Jul 24, 2026
Industry:
BLANK CHECKS

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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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About

Pelican Acquisition II Corporation is a blank check company incorporated as a Cayman Islands exempted company with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although we intend to primarily focus on target businesses within the technology industry globally. We do not have any specific business combination under consideration and we have not (nor has anyone on our behalf), directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction with our company.

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