Reported Earlier, Pelican Acquisition II Corporation Prices $75M Initial Public Offering Of 7.5M Units At $10.00 Each
Each unit consists of one ordinary share of the Company and one right, with each right entitling the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business
A new company called Pelican Acquisition II is raising $75 million by selling 7.5 million units to investors at $10 each. When investors buy a unit, they own a share plus a bonus right that gives them a small extra piece of ownership if the company completes a big business deal.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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