Pelican Acquisition II Corporation Announces Pricing of $75,000,000 Initial Public Offering

Pelican Acquisition II Corporation (NASDAQ: PLCIU) announced that it priced its initial public offering of 7,500,000 units at $10.00 per unit on July 23, 2026.

The units will be listed on the Nasdaq Capital Market (“NASDAQ”) and are expected to trade under the ticker symbol “PLCIU” beginning on July 24, 2026.

Each unit consists of one ordinary share of the Company and one right, with each right entitling the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination.

Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols “PLCI” and “PLCIR”, respectively.

The offering is expected to close on July 27, 2026, subject to customary closing conditions.

EarlyBirdCapital, Inc. is acting as sole book-running manager in the offering. EarlyBirdCapital has been granted a 45-day option to purchase up to an additional 1,125,000 units offered by the Company at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on July 23, 2026.

Pelican Acquisition II Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.