Pelican Acquisition II Corporation (PLCI)

Pelican Acquisition II Corporation is a special purpose acquisition company, also known as a blank-check company. It was organized to raise capital through an initial public offering and then complete a merger, share exchange, asset acquisition or similar business combination with an operating business.

The company does not run an operating business of its own. Money raised in its offering is generally held in trust until a business combination is approved and completed, or returned to public shareholders if no transaction is finalized within its permitted time frame. Its ordinary shares trade on the Nasdaq market under the ticker PLCI. Information about its targeted industries or any announced transaction should be confirmed in its regulatory filings.