Monitor for the company's business combination announcement within the 21-month window. The trust account provides downside protection for public shareholders via redemption rights. No immediate trading catalyst beyond the IPO itself.
Price Chart
Executive Summary
Pelican Acquisition II Corp. filed an 8-K to adopt amended governing documents, enter an underwriting agreement for its IPO of 7,500,000 units at $10.00/unit, and conduct a private placement of 386,500 units to the sponsor and underwriter. The IPO proceeds of $75,750,000 will be deposited into a trust account for future business combination. The filing also covers insider share issuances, registration rights, and standard SPAC governance provisions. This is a routine SPAC IPO filing with no material financial data or operational results to evaluate.
Key Financial Metrics
Key Facts
- IPO of 7,500,000 units at $10.00 per unit, each consisting of one ordinary share and one right
- Underwriters' over-allotment option for up to 1,125,000 additional units
- Private placement of 386,500 units at $10.00 per unit to sponsor and underwriter
- Trust account funded with $75,750,000 from IPO and private placement proceeds
- Company has 21 months from IPO to consummate a business combination
- Founder shares (2,875,000) and EBC founder shares (200,000) issued pre-IPO
- Amended and restated memorandum and articles of association adopted
- Registration rights agreement entered into with holders of founder shares and private units
Financial Impact
IPO gross proceeds of $75,000,000 from firm units (7,500,000 x $10.00), plus up to $11,250,000 from over-allotment. Private placement adds $3,865,000. Total trust account funded with $75,750,000.
Risk Factors
- Failure to consummate a business combination within 21 months would trigger liquidation and redemption of public shares
- Dilution from founder shares and private placement units
- No identified target business at this stage
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-008146 |
| Document: pelicanacq2_ex1-1.htm | 0001829126-26-008146 |
| Document: pelicanacq2_ex10-3.htm | 0001829126-26-008146 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 12w ago | 8-K | — | awaiting T+20 | — | — |
Jul 24, 2026 13w ago | 424B4 | — | awaiting T+20 | — | — |
Jul 24, 2026 13w ago | EFFECT | — | awaiting T+20 | — | — |
Jul 10, 2026 15w ago | S-1/A | — | awaiting T+20 | — | — |
Jun 16, 2026 19w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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