The IPO is now cleared to price and begin trading, likely within 1-2 business days. As a blank-check SPAC with no target, the stock will trade near trust value (~$10.00) until a business combination is announced. Monitor for pricing date and any early redemption pressure if units trade below par.
Price Chart
Executive Summary
The SEC declared effective the S-1 registration statement for Pelican Acquisition II Corp's $75 million SPAC IPO. The company can now commence its offering of 7.5 million units at $10.00 per unit, each consisting of one ordinary share and one right. This is a routine procedural step enabling the blank-check company to begin trading, with no target business identified yet.
Key Facts
- S-1 declared effective by SEC on 2026-07-23
- Offering size: $75,000,000 (7,500,000 units at $10.00 per unit)
- Each unit consists of one ordinary share and one right to receive one-tenth of one ordinary share
- Underwriter: EarlyBirdCapital, with 45-day over-allotment option for up to 1,125,000 additional units
- Sponsor: Pelican II Capital Solutions Limited; private placement of 386,500 units at $10.00 per unit
- Company has 21 months from offering consummation to complete a business combination
- No specific target business identified; focus on technology industry globally
Financial Impact
$75 million gross proceeds from IPO, plus up to $3.34 million from private placement to Sponsor and underwriter
Risk Factors
- No identified acquisition target — 21-month deadline to complete a business combination or liquidate
- SPAC market conditions may affect pricing and demand for units
- Potential dilution from over-allotment and private placement units
- No operating revenue or business operations
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002413 |
| Document: 9999999995-26-002413-index.html | 9999999995-26-002413 |
| Document: 9999999995-26-002413.txt | 9999999995-26-002413 |
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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