Pelican Acquisition II auditor flags going-concern doubt after IPO deadline risk
Cash position reported in filing
Cash outside the trust totaled $641,640 at July 27, 2026; trust account cash stood at $87.11 million.
Going-concern doubt flagged in July 27 filing
Pelican Acquisition II flagged substantial doubt about its ability to continue as a going concern in its July 27, 2026 financial statement.
SPAC faces April 2028 business-combination deadline
The SPAC must complete an initial business combination by April 27, 2028 or trigger an automatic winding up, dissolution, and liquidation.
