Pelican Acquisition II Corporation’s (NASDAQ:PLCI) Quiet Period Set To Expire on September 2nd

Pelican Acquisition II’s (NASDAQ:PLCI) quiet period is set to expire on Wednesday, September 2nd. Pelican Acquisition II had issued 7,500,000 shares in its IPO on July 24th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Pelican Acquisition II Stock Up 0.2%

Shares of PLCI stock opened at $9.90 on Friday. Pelican Acquisition II has a 12 month low of $9.85 and a 12 month high of $10.44.

Pelican Acquisition II Company Profile

Pelican Acquisition II Corporation is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Pelican Acquisition II Corporation is based in NEW YORK.