Mint Tower Capital Management B.V. Makes New $1.51 Million Investment in Pelican Acquisition Corporation $PELI

Mint Tower Capital Management B.V. acquired a new position in Pelican Acquisition Corporation (NASDAQ:PELI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $1,505,000.

Separately, Wolverine Asset Management LLC bought a new position in Pelican Acquisition in the 2nd quarter worth $4,541,000.

Pelican Acquisition Stock Up 0.1%

Shares of Pelican Acquisition stock opened at $10.16 on Friday. Pelican Acquisition Corporation has a twelve month low of $8.98 and a twelve month high of $10.19. The firm’s 50-day moving average price is $10.09.

Pelican Acquisition (NASDAQ:PELI) last posted its earnings results on Monday, September 15th. The company reported $0.03 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pelican Acquisition in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Pelican Acquisition currently has an average rating of “Sell”.

About Pelican Acquisition

We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.