Pelican Acquisition II prices USD 75 million IPO at USD 10 per unit - PLCIU News | RalliesPelican Acquisition II prices USD 75 million IPO at USD 10 per unit
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PLCIU• IPO pricing and terms
- Pelican Acquisition II priced an IPO of 7,500,000 units at USD 10 per unit, raising USD 75 million.
- Units are set to trade on Nasdaq under PLCIU from July 24, 2026; each unit includes one ordinary share and one right.
- Rights convert into one-tenth of an ordinary share upon completion of an initial business combination.
- EarlyBirdCapital served as sole bookrunner; a 45-day option covers up to 1,125,000 additional units.
- The offering is expected to close on July 27, 2026, subject to customary conditions.
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