Pelican Acquisition II Corp.’s (NASDAQ:PLCIU) Quiet Period Will End Tomorrow

Pelican Acquisition II’s (NASDAQ:PLCIU) quiet period will expire on Wednesday, September 2nd. Pelican Acquisition II had issued 7,500,000 shares in its initial public offering on July 24th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During Pelican Acquisition II’s quiet period, underwriters and any insiders that worked on the IPO are restricted 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Pelican Acquisition II to a “hold” rating in a research note on Saturday, August 1st.

Pelican Acquisition II Stock Performance

NASDAQ PLCIU opened at $10.00 on Tuesday. Pelican Acquisition II has a 1-year low of $9.95 and a 1-year high of $10.41.

Pelican Acquisition II Company Profile

Pelican Acquisition II, also known as Pelican Acquisition Corporation II, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol PLCIU. The company was formed to pursue a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, Pelican Acquisition II does not currently offer products or services to customers. Its primary activities involve raising capital through a public offering, evaluating potential acquisition targets, and negotiating a transaction intended to create a publicly traded operating company.

Publicly available information does not identify a completed acquisition, a specific target industry or geography, or sufficient details about the company’s leadership and operations.