Pelican Acquisition II Corporation’s Quiet Period Will End Tomorrow (NASDAQ:PLCI)

Pelican Acquisition II’s (NASDAQ:PLCI) quiet period will expire on Wednesday, September 2nd. Pelican Acquisition II had issued 7,500,000 shares in its initial public offering on July 24th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. 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 Price Performance

NASDAQ:PLCI opened at $9.90 on Tuesday. Pelican Acquisition II has a 12 month low of $9.85 and a 12 month high of $10.44.

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.