Pelican Acquisition Corporation Announces Separate Trading of Ordinary Shares and Rights.

Pelican Acquisition Corporation's 8.625 million units sold in its initial public offering may be traded separately, starting June 12, 2025. Unit holders can elect to separate the ordinary shares and rights, with the separated shares trading under "PELI" and rights trading under "PELIR" on the Nasdaq. Units not separated will continue to trade under "PELIU." Brokers must contact Continental Stock Transfer & Trust Co. to facilitate the separation.

Pelican Acquisition Corporation (NASDAQ: PELI), a Cayman Islands exempted company, has announced that holders of its 8,625,000 units sold in the initial public offering may elect to separately trade the ordinary shares and rights included in those units, starting on or about June 12, 2025. This move aims to enhance liquidity and market visibility for the company's securities.

Any units not separated will continue to trade on the Nasdaq Global Market under the symbol "PELIU." The separated ordinary shares and rights are expected to trade under the symbols "PELI" and "PELIR," respectively. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Co., the company's transfer agent, to facilitate the separation process.

Pelican Acquisition 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.

The press release includes forward-looking statements that involve risks and uncertainties. Such statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The company has disclaimed any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

Investors should be aware that the ability to separately trade ordinary shares and rights may enhance liquidity but also introduces potential complexities in the trading process. The requirement for unit holders to contact brokers for separation could lead to confusion or barriers for investors not familiar with the process, potentially impacting trading activity.

For more information, investors can contact Robert Labbe, Chief Executive Officer, at admin@pelicanacq.com or (212) 612-1400.

References:
[1] https://www.nasdaq.com/articles/pelican-acquisition-corporation-announces-trading-options-ipo-units-starting-june-12-2025
[2] https://www.marketscreener.com/quote/stock/PELICAN-ACQUISITION-CORPO-188581883/news/Pelican-Acquisition-Corporation-Announces-the-Separate-Trading-of-its-Ordinary-Shares-and-Rights-50206370/
[3] https://www.globenewswire.com/news-release/2025/06/10/3097147/0/en/Pelican-Acquisition-Corporation-Announces-the-Separate-Trading-of-its-Ordinary-Shares-and-Rights.html