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

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 Pelican Acquisition II’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Pelican Acquisition II Stock Up 0.0%

Shares of Pelican Acquisition II stock opened at $9.89 on Friday. Pelican Acquisition II has a one year low of $9.85 and a one year high of $9.89.

About Pelican Acquisition II

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.