Pelican Acquisition closes over-allotment option, raising additional $11.25M

Pelican Acquisition Corp

Sold 1,125,000 Option Units at $10.00/unit, gross proceeds $11.25M, total IPO proceeds $86.25M.
Simultaneously closed private placement of 22,500 units at $10.00/unit, gross $225,000.
Total trust account balance as of May 30, 2025: $86,275,746.

item 8.01item 9.01

Source: SEC EDGAR

accession 0001829126-25-004232

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