Pelican Acquisition Corp. (Ticker: PELIU US) is a Cayman Islands company that is a special purpose acquisition company (SPAC) intending to primarily focus on target businesses within the technology industry globally. Pelican Acquisition Corp. plans to list on NASDAQ on 5/23/2025, planning to offer 7.5 million units at $10.00 each, raising $75.0 million. The company has a market capitalization of $105.06 million. Pelican Acquisition Corp. reportedly plans to use the IPO proceeds for a future business combination, as each unit consists of one share of common stock and one right to receive one-tenth of a share upon consummation of the initial business combination. The company intends to actively look for suitable investment opportunities with an enterprise value of approximately $180 million to $1 billion.