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.
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