Pelican Acquisition II Corporation (PLCIU) Prices $75M IPO

Pelican Acquisition II Corporation (NASDAQ:PLCIU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLCIU” on Friday, July 24, 2026.

The new SPAC will seek to combine with a target in the global technology industry.

Pelican Acquisition II Corporation is to be led by Chairman, Chief Executive Officer and Chief Financial Officer Robert Labbe. Becky Fallon, Sean Michael Deegan and Daniel M. McCabe will serve on its Board of Directors.

Total SPAC deal count for 2026 year-to-date is now 132. This offering is expected to close on Monday, July 27, 2026.

EarlyBirdCapital, Inc. is acting as sole book-running manager in the offering. Celine Partners, PLLC is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Simon & Edward, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.