Pelican Acquisition II Corp (PLCI) has a significant shareholder disclosure from its sponsor, Pelican II Capital Solutions Ltd. The sponsor reports beneficial ownership of 3,186,500 ordinary shares, representing 26.36% of Pelican Acquisition II Corp’s 12,086,500 ordinary shares outstanding as of July 27, 2026.
The stake consists of 2,875,000 Founder Shares acquired for $25,000 at formation and 311,500 Private Placement Units purchased at $10.00 per unit in connection with the SPAC’s IPO of 8,625,000 units, including full over-allotment. Each Private Placement Unit includes one share and a right to receive one-tenth of a share upon completion of an initial business combination.
The sponsor characterizes its holdings as for investment purposes but has agreed to vote its Founder and private placement shares in favor of any proposed initial business combination, to waive redemption rights and to waive liquidating distributions on these shares if no business combination is completed within 21 months after the IPO.
Pelican Acquisition II Corp (ticker PLCIU) filed an initial ownership report for Sean Michael Deegan. He is identified as a director and not an officer or ten percent owner. No equity holdings, derivative positions, or transactions are reported in this filing.
Pelican Acquisition II Corp insider Robert L. Labbe filed an initial statement of beneficial ownership as Chairman, CEO, CFO and a ten percent owner of PLCIU. The filing reports indirect ownership through Pelican II Capital Solutions Limited, where he serves as managing member with sole voting and dispositive power. Indirect holdings include 3,209,000 ordinary shares, which also include 334,000 ordinary shares underlying private placement units sold simultaneously with the company’s initial public offering. In addition, the filing notes 334,000 rights underlying those private placement units, with each right exchangeable for one-tenth of one ordinary share, corresponding to 33,400 underlying ordinary shares. The underwriter’s full exercise of its 1,125,000-unit over-allotment option means none of these sponsor shares are subject to forfeiture.
Pelican II Capital Solutions Ltd, a greater than 10% owner of Pelican Acquisition II Corp (PLCIU), reports initial beneficial ownership on this Form 3. It holds 3,209,000 Ordinary Shares, including shares acquired before Pelican Acquisition II Corp’s initial public offering and additional shares underlying private placement units sold in a placement conducted simultaneously with that offering. It also holds rights that are exchangeable into Ordinary Shares, reflecting its continued economic interest following the underwriter’s full exercise of its over-allotment option on July 27, 2026.
Pelican Acquisition II Corp (PLCIU) reported that Daniel M. McCabe is a director of the company in an initial ownership statement on Form 3. The report does not list any specific equity holdings or report any transactions or derivative positions at this time.
Pelican Acquisition II Corp (PLCIU) reported an initial ownership statement for Becky Fallon, who is identified as a director and not an officer or ten percent owner. The filing does not list any specific transactions or report any initial holdings or derivative positions.
Pelican Acquisition II Corporation reported that, with underwriter consent, holders of its units may elect to separately trade the ordinary shares and rights included in those units commencing on or about August 12, 2026. Any units that are not separated will continue to trade on the Nasdaq Capital Market under the symbol PLCIU. The separated ordinary shares and rights are expected to trade under the symbols PLCI and PLCIR, respectively. Holders wishing to separate their units must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent. Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of one ordinary share. The company describes itself as a blank check company formed to pursue a business combination with one or more businesses.