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AI brief of an SEC Form 8-K · Pelican Acquisition II Corp (PLCI)

Pelican Acquisition II closes $86.25 million IPO of 8,625,000 units

Neutral Impact 3 of 5 financing Written later

Pelican Acquisition II Corp closed its initial public offering on July 27, 2026, selling 8,625,000 units at $10.00 each for gross proceeds of $86,250,000, including the full exercise of the underwriters' over-allotment option. The company also sold 386,500 private units for $3,865,000 and adopted amended articles of association, and the filing does not name a target business for its planned acquisition.

Key points

  • IPO closed July 27, 2026: 8,625,000 units at $10.00 per unit, including 1,125,000 over-allotment units
  • Gross proceeds of $86,250,000 before underwriting discounts and estimated offering expenses
  • Private placement of 386,500 units for $3,865,000, with 311,500 units bought by the sponsor Pelican II Capital Solutions Limited
  • Directors Daniel M. McCabe, Becky Fallon and Sean Michael Deegan joined the board effective July 23, 2026

The filing

CompanyPelican Acquisition II Corp (PLCI)
Form8-K, current report
Filed with the SECJul 31, 2026, 8:03 AM ET
Accession number0001829126-26-008146

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.