Item 8.01. Other Events. On July 27, 2026, Pelican Acquisition II Corporation (the “Company”) consummated its initial public offering (the “IPO”) of 8,625,000 units (the “Units”), including 1,125,000 Units issued pursuant to the full exercise by the underwriters of their over-allotment option in connection with the closing of the IPO.…
We are a newly formed blank check company incorporated as a Cayman Islands exempted company on February 26, 2026 under the laws of the Cayman Islands with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry, although we intend to primarily focus on target businesses within the technology industry globally. We do not have any specific business combination under consideration and we have not (nor has anyone on our behalf), directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction with our company. Our ability to identify and evaluate a target company may be impacted by significant competition among other SPACs in pursuing a business combination transaction candidate and the significant competition may impact the attractiveness of the acquisition terms that we will be able to negotiate.
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Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On July 27, 2026, Pelican
Acquisition II Corporation (the “Company”) consummated its initial public offering (the “IPO”) of 8,625,000 units
(the “Units”), including 1,125,000 Units issued pursuant to the full exercise by the underwriters of their over-allotment
option in connection with the closing of the IPO. Each Unit consists of one ordinary share of the Company, par value $0.0001 per share
(the “Ordinary Shares”) and one right to receive one-tenth (1/10) of one Ordinary Share upon the consummation of the Company’s
initial business combination. As a result, an aggregate of 8,625,000 Units were sold at an offering price of $10.00 per Unit, generating
total gross proceeds of $86,250,000.
Simultaneously with the closing
of the IPO and the full exercise by the underwriters of their over-allotment option, Pelican II Capital Solutions Limited (the “Sponsor”)
purchased 334,000 Private Placement Units, and EarlyBirdCapital, Inc. and/or its designees purchased 86,250 Private Placement Units, for
an aggregate purchase price of $4,202,500. The Private Placement Units were sold at a purchase price of $10.00 per Private Placement Unit.
A total of $87,112,500 of
the net proceeds from the IPO and the sale of the Private Placement Units were placed in a trust account established for the benefit of
the Company’s public shareholders and maintained by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as
of July 27, 2026, reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company
and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Filed exhibits (1)
EX-99.1 (by filename) pelicanacq2_ex99-1.htm
EX-99.1
2
pelicanacq2_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
PELICAN ACQUISITION II CORPORATION
INDEX TO AUDITED FINANCIAL STATEMENT
Content Page
Report of Independent Registered Public Accounting Firm (Firm No. 2485) 2
Balance Sheet as of July 27, 2026 3
Notes to Financial Statement 4
Report
of Independent Registered Public Accounting Firm
Shareholders
and Board of Directors of
Pelican
Acquisition II Corporation
Opinion
on the Financial Statement
We
have audited the accompanying balance sheet of Pelican Acquisition II Corporation (the “Company”) as of July 27, 2026, and
the related notes to the financial statement (collectively referred to as the “financial statement”). In our opinion, the
financial statement presents fairly, in all material respects, the financial position of the Company as of July 27, 2026, in conformity
with accounting principles generally accepted in the United States of America.
Substantial
Doubt About the Company’s Ability to Continue as a Going Concern
The
accompanyi…