Pelican Acquisition Corporation Announces Closing of Full Underwriters’ Over-Allotment Option in connection with its Initial Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Source: Globenewswire
Public Offering Completion: Pelican Acquisition Corporation successfully completed the sale of an additional 1,125,000 units at $10.00 each, raising gross proceeds of $11,250,000, bringing total proceeds from their initial public offering to $86,250,000.
Company Overview: Pelican Acquisition Corporation is a blank check company focused on merging or acquiring businesses across various industries and regions, with its ordinary shares and rights expected to trade on NASDAQ under specific symbols.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
