Wolverine Asset Management LLC Invests $4.54 Million in Pelican Acquisition Corporation $PELI

Wolverine Asset Management LLC acquired a new stake in Pelican Acquisition Corporation (NASDAQ:PELI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 452,731 shares of the company’s stock, valued at approximately $4,541,000. Wolverine Asset Management LLC owned approximately 4.32% of Pelican Acquisition as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pelican Acquisition in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Pelican Acquisition Trading Down 0.1%

Shares of PELI opened at $10.09 on Friday. The firm has a fifty day moving average price of $10.06. Pelican Acquisition Corporation has a twelve month low of $8.98 and a twelve month high of $10.12.

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.