Pelican Acquisition II Corp Announces Separate Trading of Shares & Rights

What Happened

• Pelican Acquisition II Corp (PLCI) filed an 8-K on August 12, 2026 announcing that, with the consent of the underwriter, holders of its public units may elect to separate and separately trade the ordinary shares and rights included in those units beginning on or about August 12, 2026. Any units that are not separated will continue to trade on Nasdaq under the unit ticker PLCIU. The separated ordinary shares and rights are expected to trade under the tickers PLCI and PLCIR, respectively. Holders who want to separate their units must have their brokers contact Continental Stock Transfer & Trust Company (the transfer agent). The company issued a press release dated August 10, 2026 (filed as Exhibit 99.1).

Key Details

• Filing date: Form 8-K filed August 12, 2026 (press release dated August 10, 2026).
• Effect: Separate trading of ordinary shares and rights expected to commence on or about August 12, 2026.
• Tickers: Units continue as PLCIU; separated ordinary shares expected as PLCI; separated rights expected as PLCIR.
• Action required: Unit holders must instruct their brokers to contact Continental Stock Transfer & Trust Company to separate units.

Why It Matters

• This change gives unit holders the option to split their units into component securities, which can increase flexibility and may change liquidity and price discovery for the shares and rights versus the bundled unit. Investors who want to trade or hold only the shares or rights need to take action through their brokers to effect the separation. The filing contains no financial results, corporate governance changes, or transaction announcements — it reports only the separate trading option and related logistics.