Pelican Acquisition Corporation has announced the closure of its full underwriters' over-allotment option, selling an additional 1,125,000 units at $10.00 each. This brings the total units issued in its initial public offering to 8,625,000, with aggregate gross proceeds of $86,250,000. Each unit includes one ordinary share and one right, entitling the holder to receive one-tenth of an ordinary share upon an initial business combination. The ordinary shares and rights will be listed on NASDAQ under the symbols "PELI" and "PELIR," respectively.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelican Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-004232), on June 04, 2025, and is solely responsible for the information contained therein.