secwatch.observer — SEC 8-K summary
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Issuer:     Pelican Acquisition Corp (—)
CIK:        0002037431
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001829126-25-003997
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/0001829126-25-003997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2037431/000182912625003997/pelicanacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-003997

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer