on Ocham's Razor Capital Limited (CVE:PEL)
Pelican AI Corp. Commences Trading on CSE
Toronto-based Pelican AI Corp. has received approval from the Canadian Securities Exchange (CSE) to list its common shares, starting trading under the symbol "PEL" on September 1, 2026. This approval follows a reverse takeover transaction with Pelican Canada Inc., completed on August 27, 2026.
Pelican AI has engaged Independent Trading Group (ITG), Inc. for market making services, starting on the first day of trading. ITG aims to maintain a fair market for Pelican's shares, receiving a monthly fee of C$5,000 for its services. The agreement is month-to-month and can be terminated with a 30-day notice.
The Pelican Group provides AI-driven solutions for payment processing and compliance, operating in over 55 countries and processing over a billion transactions. The company advises caution regarding forward-looking statements in its listing and acknowledges ongoing litigation related to its operations.
R. H.
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