Pelican Acquisition Corporation has announced the pricing of its $75 million initial public offering, with units trading on NASDAQ under the symbol "PELIU" starting May 23, 2025. Each unit comprises one ordinary share and one right, which entitles the holder to receive one-tenth of an ordinary share upon an initial business combination. Once separate trading begins, the ordinary shares and rights will be listed under "PELI" and "PELIR" respectively. EarlyBirdCapital, Inc. is the sole book-running manager, with IB Capital LLC as co-manager.
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