Pelican Acquisition II closes IPO raising $86.25 million

Pelican Acquisition II closed its IPO on July 27, 2026, selling 8,625,000 units at $10 per unit for $86.25 million gross.

Units trade on Nasdaq under PLCIU; each unit includes one ordinary share and 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.