Pelican Acquisition II Corp

424B4 priced

Price $10.00 · 7,500,000 shares · Gross proceeds $75,000,000

CERT inactive

EFFECT effective

8-A12B effective

S-1/A amended

Price $10.00 · 7,500,000 shares · Gross proceeds $75,000,000

Pelican Acquisition II Corporation, a Cayman Islands exempted company, is conducting an IPO to raise $75 million through the sale of 7,500,000 units at $10.00 each. Each unit includes one ordinary share and a right to receive one-tenth of an ordinary share upon a business combination. The company has 21 months to complete a business combination, with potential extensions requiring shareholder approval. Redemption rights for public shareholders are outlined, with cash payments based on trust account balances. The Sponsor (Pelican II Capital Solutions Limited) and underwriter (EarlyBirdCapital) have committed to purchasing private units, and the company may seek additional loans from insiders. The filing emphasizes risks related to conflicts of interest, lack of operating history, and dependence on management's ability to identify suitable targets.

S-1/A amended

Pelican Acquisition II Corporation filed an S-1/A amendment to its initial registration statement, primarily consisting of exhibit-only updates. The filing confirms the company's structure as a blank check entity targeting technology sector business combinations, with no substantive changes from the original S-1. Key elements include underwriting agreements, corporate governance documents, and legal opinions, with the core offering details remaining unchanged.

S-1 filed

Price $10.00 · 7,500,000 shares · Gross proceeds $75,000,000

Pelican Acquisition II Corporation, a Cayman Islands exempted company, is conducting an IPO to raise $75 million through the sale of 7,500,000 units at $10 each. Each unit includes one ordinary share and a right to receive 0.1 ordinary shares upon completing a business combination. The company has 21 months from the offering's completion to identify a target, with potential for a shareholder-approved extension. Redemption rights for public shareholders are outlined, with cash proceeds from the trust account available for redemption. The Sponsor (Pelican II Capital Solutions Limited) and underwriter (EarlyBirdCapital) have committed to purchasing private units, and the company plans to list units on Nasdaq.

DRS filed