---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-003997"
form_type: "8-K"
ticker: null
cik: "0002037431"
company_name: "Pelican Acquisition Corp"
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T09:02:15.539928+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pelican Acquisition closes $75M IPO on Nasdaq; trust funded, 15-month deadline for business combination

## Summary
- Closed IPO of 7,500,000 units at $10.00/unit for $75,000,000 gross proceeds.
- Simultaneous private placement of 276,250 units at $10.00/unit raised $2,762,500 from sponsor and underwriter.
- Net proceeds of $75M deposited in trust account; must complete initial business combination within 15 months.
- Ping Zhang, Daniel M. McCabe and Qi Gong appointed to Board and to Audit and Compensation Committees.
- Units trade as PELIU; ordinary shares and rights expected to list separately as PELI and PELIR.

## SEC filing metadata
- accession: 0001829126-25-003997
- form_type: 8-K
- cik: 0002037431
- company_name: Pelican Acquisition Corp
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/0001829126-25-003997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/pelicanacq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-003997
- JSON: https://secwatch.observer/filing/0001829126-25-003997.json
- Plain text: https://secwatch.observer/filing/0001829126-25-003997.txt

## Key facts
- Executive change
  Qi Gong was appointed as Director at Pelican Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Ping Zhang, Daniel M. McCabe and Qi Gong (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/0001829126-25-003997-index.htm
- Executive change
  Daniel M. McCabe was appointed as Director at Pelican Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Ping Zhang, Daniel M. McCabe and Qi Gong (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/0001829126-25-003997-index.htm
- Executive change
  Ping Zhang was appointed as Director at Pelican Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: Ping Zhang, Daniel M. McCabe and Qi Gong (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/0001829126-25-003997-index.htm
- Governance Changes
  Pelican Acquisition Corp: Adoption of Second Amended and Restated Memorandum and Articles of Association (effective 2025-05-22).
  - Change: charter amendment
  - Effective: 2025-05-22
  source text: On May 22, 2025, the Company adopted its Second Amended and Restated Memorandum and Articles of Association.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/0001829126-25-003997-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.