# Pelican Acquisition II Corp — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_866148f1673fb80227c3 · retrieved 2026-08-11T16:11:14.817Z

## Overview
Pelican Acquisition II Corporation is a blank-check company formed to identify and consummate an initial business combination with one or more operating businesses.

Pelican Acquisition II Corporation, a blank-check company, consummated its initial public offering on July 27, 2026, selling 8,625,000 units (including 1,125,000 units from the full exercise of the underwriters' over-allotment option) at $10.00 per unit, generating gross proceeds of $86,250,000. Each unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon consummation of a business combination. Simultaneously, the Company completed a private placement of 386,500 units at $10.00 per unit, generating $3,865,000 in gross proceeds, with 311,500 units purchased by sponsor Pelican II Capital Solutions Limited and 75,000 units purchased by EarlyBirdCapital Inc. and/or its designees.

## Terms
- Counterparty: EarlyBirdCapital Inc. (underwriter); Pelican II Capital Solutions Limited (sponsor) · Deal value: $86.3M · Consideration: cash · Price/share: $10

## Key dates
- Announced 2026-07-31

## Timeline
- 2026-07-31 · 8-K (0001829126-26-008146): 8-K - Pelican Acquisition II Corp — *Pelican Acquisition II Corporation is a blank-check company formed to identify and consummate an initial business combination with one or more operating businesses.* Pelican Acquisition II Corporation, a blank-check company, consummated its initial public offering on July 27, 2026, selling 8,625,000 units (including 1,125,000 units from the full exercise of the underwriters' over-allotment option) at $10.00 per unit, generating gross proceeds of $86,250,000. Each unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon consummation of a business combination. Simultaneously, the Company completed a private placement of 386,500 units at $10.00 per unit, generating $3,865,000 in gross proceeds, with 311,500 units purchased by sponsor Pelican II Capital Solutions Limited and 75,000 units purchased by EarlyBirdCapital Inc. and/or its designees.
  https://www.sec.gov/Archives/edgar/data/2122392/0001829126-26-008146.txt

## Citations
- 0001829126-26-008146 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626008146