Pelican Sponsor LLC

1 deals · 0 closed · 0 liquidated · 1 in flight

Pelican Sponsor LLC is a SPAC sponsor that entered the blank-check market in 2025, having backed one special purpose acquisition company to date. The vehicle has not yet completed a business combination and has not been liquidated, placing it in the active deal-search phase as of mid-2026. As a first-year sponsor, Pelican Sponsor LLC represents the continuing wave of new entrants to the SPAC formation market despite an environment of heightened regulatory scrutiny and selective investor participation. Full details on Pelican Sponsor LLC's associated SPAC, including filing dates, industry focus, and timeline milestones, are available to subscribers on SpacDesk — sign up today for comprehensive sponsor and deal-level data.

Hot Seat Score

—Insufficient history

Close rate

—

Median speed

9.9 mo

Blended redemption

—

Total votes / extensions

7 / 0

Composite score combining historical close rate, median speed to deal close, and blended redemption discipline across all SPACs this sponsor has run. Higher score = institutional reputation worth retaining. Updates as new vote / closing data lands.

Win Rate (settled)

—

Total IPO Capital

$86.3M

Avg Extensions / Deal

0.0

Canonical

pelican sponsor

Promote Economics (1 SPAC with data)

Avg Promote %

25.0%

Principals (4)

Robert LabbeChairman

Brandon MillerIndependent Director Nominee

Daniel M. McCabeIndependent Director Nominee

Qi GongIndependent Director Nominee

SPACs sponsored

Symbol	Issuer	IPO	IPO Size	Status	Target	Outcome	Extensions
PELI	Pelican Acquisition Corp	2025-05-23	$86.3M	Closed	Greenland Exploration Limited	closed 2026-03-20	0