Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 286

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 286
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 described in the section titled “ Certain Relationships and Related Person Transactions.”

Committees of the PubCo Board

The PubCo Board will direct the management of PubCo’s business and affairs, as provided by Texas Law, and conducts its business through meetings of the PubCo Board and its standing committees. Effective upon the Closing, the PubCo Board will have 3 standing committees. In addition, from time to time, special committees may be established under the direction of the PubCo Board when necessary to address specific issues. Following the Closing, copies of the charters for each committee will be available on PubCo’s website.

Audit Committee

Our audit committee will be responsible for, among other things:

| ● | appointing, approving the fees of, retaining and overseeing our independent registered public accounting firm; |

| ● | discussing with our independent registered public accounting firm their independence from management; |

| ● | discussing with our independent registered public accounting firm any audit problems or difficulties and management’s response; |

| ● | approving all audit and permissible non-audit services to be performed by our independent registered public accounting firm; |

| ● | overseeing the financial reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial statements that we file with the SEC; |

| ● | reviewing our policies on risk assessment and risk management; |

| ● | reviewing related person transactions; and |

| ● | establishing procedures for the confidential, anonymous submission of complaints regarding questionable accounting, internal controls or auditing matters. |

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Upon the Closing, our audit committee will consist of [●], with [●] serving as Chairperson. The PubCo Board has affirmatively determined that [●] each meet the definition of “independent director” for purposes of serving on the audit committee under the Nasdaq rules and the independence standards under Rule 10A-3 of the Exchange Act and the Nasdaq rules. Each member of our audit committee meets the financial literacy requirements of the Nasdaq rules. In addition, the PubCo Board has determined that [●] will qualify as an “audit committee financial expert,” as such term is defined in Item 407(d)(5) of Regulation S-K. The PubCo Board will adopt a written charter for the audit committee, which will be available on our principal corporate website at substantially concurrently with the Closing. The information on any of our websites is deemed not to be incorporated in this proxy statement/prospectus or to be a part of this proxy statement/prospectus