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

1. Pelican Acquisition announces unit separation for trading starting June 12, 2025. 2. Holders can separately trade shares and rights from initial public offering. 3. Units will continue to trade under symbol PELIU. 4. Separated ordinary shares and rights will trade under symbols PELI and PELIR. 5. Company focuses on mergers and acquisitions with various industry targets.

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FAQ

Why Bullish?

Separating units into shares and rights may increase demand, boosting PELIU's market activity. Similar actions in other SPACs often led to positive price reactions due to improved trading flexibility.

How important is it?

The announcement directly affects PELIU's liquidity and trading options, which can lead to increased investor confidence and price changes.

Why Short Term?

The immediate trading activity post-separation will influence PELIU's price, typically seen in SPACs during these transitions. Historical data shows initial trading vigor for newly separated shares.

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PELIPELIRSPACs
June 10, 2025 16:15 ET  | Source: Pelican Acquisition Corp NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ: PELI, the “Company”), a Cayman Islands exempted company, announced that holders of its 8,625,000 units sold in the Company’s initial public offering may elect to separately trade the ordinary shares and rights included in the units, commencing on or about June 12, 2025. Any units not separated will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “PELIU,” and the separated ordinary shares and rights are expected to trade on the Nasdaq 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, in order to separate the units into ordinary shares and rights. 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 Corporation 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. 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 LabbeChief Executive OfficerEmail: admin@pelicanacq.comTel: (212) 612-1400

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