Pelican Acquisition II Corp — Form 8-K

Pelican Acquisition II Corporation, a Cayman Islands SPAC, entered into an underwriting agreement with EarlyBirdCapital, Inc. (sole underwriter) on July 23, 2026 for an IPO of 7,500,000 units at $10.00 per unit ($75M gross). Each unit consists of one ordinary share and one right (entitling holder to 1/10 of a share upon business combination). Over-allotment option of 1,125,000 units at $9.80 net. $75.75M of proceeds deposited in trust account; $960K released for working capital. Sponsor (Pelican II Capital Solutions Limited) purchased 2,875,000 founder shares for $25,000; EarlyBirdCapital purchased 200,000 founder shares for $2,318. Private placement of 386,500 units at $10.00 simultaneously (Sponsor: 311,500 units; EarlyBirdCapital: 75,000 units).