Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 374

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 374
---
 Common Stock 
 Shares       |         - |     | Common Stock 
 Amount       | - |     | Additional 
 Paid-in    
 Capital    |      - |     | Accumulated 
 Deficit     | -      |   |     | Total         
 Stockholders’ 
 Equity        |      - |   |
|:--------------------------------------------------|:----|:-------------|----------:|:----|:-------------|:--|:----|:-----------|-------:|:----|:------------|:-------|:--|:----|:--------------|-------:|:--|
| Issuance of 1,500,000 common shares, no par value |     |              | 1,500,000 |     | $            | - |     | $          | 10,000 |     | $           | -      |   |     | $             | 10,000 |   |
| Issuance of $15 exercise price warrants           |     |              |           |     |              |   |     | $          | 10,000 |     | $           | -      |   |     | $             | 10,000 |   |
| Net loss                                          |     |              |         - |     |              | - |     |            |      - |     |             | (8,335 | ) |     | $             | (8,335 | ) |
| Balance at June 30, 2025                          |     |              | 1,500,000 |     | $            | - |     | $          | 20,000 |     | $           | (8,335 | ) |     | $             | 11,665 |   |

<div align='center'>The accompanying notes are an integral part of the financial statements.

F-52</div>

<div align='center'>Greenland Exploration Limited

Statement of Cash Flows

For the period ended June 9, 2025 (inception) to June 30, 2025

(Audited)</div>

| Cash flows from operating activities                                        |     |   |        |   |
|:----------------------------------------------------------------------------|:----|:--|-------:|:--|
| Net loss                                                                    |     | $ | (8,335 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |   |        |   |
| Changes in operating assets and liabilities:                                |     |   |        |