Pelican Acquisition II Corporation Announces Separate Trading of its Ordinary Shares and Rights

Rhea-AI Summary

Pelican Acquisition II Corporation (Nasdaq: PLCIU) announced that, starting on or about August 12, 2026, holders of units from its initial public offering may elect to separately trade the ordinary shares and rights contained in those units. Units that are not separated will continue trading on the Nasdaq Capital Market under the symbol “PLCIU”.

According to the company, once separated, the ordinary shares are expected to trade under the symbol “PLCI” and the rights under “PLCIR”. Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of one ordinary share. Holders wishing to separate units must have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent. The company stated that this announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such actions would be unlawful.

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NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Pelican Acquisition II Corporation (Nasdaq: PLCIU) (the “Company”), a Cayman Islands exempted company, announced that holders of the Company's units sold in its initial public offering may elect to separately trade the ordinary shares and rights included in the units, commencing on or about August 12, 2026.

Any units not separated will continue to trade on the Nasdaq Capital Market under the symbol “PLCIU” and the separated ordinary shares and rights are expected to trade under the symbols “PLCI” and “PLCIR,” respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into ordinary shares and rights.

Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of one ordinary share.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Pelican Acquisition II Corporation

Pelican Acquisition II Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact
Robert Labbe
Pelican Acquisition II Corporation
Chief Executive Officer
(212) 574-4425

FAQ

What did Pelican Acquisition II (Nasdaq: PLCIU, PLCI, PLCIR) announce on August 10, 2026?

Pelican Acquisition II announced that IPO unit holders may separately trade the ordinary shares and rights starting on or about August 12, 2026. According to the company, units will keep trading as PLCIU, while separated shares and rights trade as PLCI and PLCIR.

When can Pelican Acquisition II unit holders start separate trading of PLCI shares and PLCIR rights?

Separate trading of Pelican Acquisition II’s ordinary shares (PLCI) and rights (PLCIR) is expected to begin on or about August 12, 2026. According to the company, this applies to holders of units sold in its initial public offering on Nasdaq.

How are Pelican Acquisition II (PLCIU) units structured for investors?

Each Pelican Acquisition II unit consists of one ordinary share and one right to receive one-tenth of one ordinary share. According to the company, these components can be separated for individual trading beginning around August 12, 2026, subject to broker and transfer agent procedures.

What symbols will Pelican Acquisition II’s securities trade under after unit separation?

After separation, Pelican Acquisition II’s units will continue trading under PLCIU, with ordinary shares expected to trade as PLCI and rights as PLCIR. According to the company, holders may choose whether to keep units combined or request separation through their brokers.

What must Pelican Acquisition II (PLCIU) investors do to separate units into PLCI and PLCIR?

Investors must instruct their brokers to contact Continental Stock Transfer & Trust Company, Pelican Acquisition II’s transfer agent, to separate units. According to the company, this process converts each unit into individually tradable ordinary shares and rights, subject to standard brokerage and transfer procedures.