Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 28

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 28
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 of the Mergers, the holders of March GL Common Stock will receive an aggregate of 20,000,000 shares of PubCo Common Stock, and the holders of Greenland Common Stock will receive an aggregate of 1,500,000 shares of PubCo Common Stock. The total merger consideration equals $215 million, based on a value of $10.00 per share.

| Q: | WHY AM I RECEIVING THIS DOCUMENT? |

| A: | SPAC is sending this proxy statement/prospectus to its shareholders to help them decide how to vote their SPAC Ordinary Shares with respect to the matters to be considered at the Extraordinary General Meeting. The Business Combination cannot be completed unless SPAC’s shareholders approve each of the Proposals set forth in this proxy statement/prospectus. Information about the Extraordinary General Meeting, the Business Combination and the other business to be considered by shareholders at the Extraordinary General Meeting is contained in this proxy statement/prospectus. |

This document constitutes a proxy statement of SPAC. It is a proxy statement because the board of directors of SPAC is soliciting proxies using this proxy statement/prospectus from its shareholders. See “The Business Combination Proposal”.

| Q: | WHEN WILL THE BUSINESS COMBINATION BE COMPLETED? |

| A: | The parties currently expect that the Business Combination will be completed in the fourth quarter of 2025. However, SPAC cannot assure you of when or if the Business Combination will be completed, and it is possible that factors outside of the control of SPAC could result in the Business Combination being completed at a different time or not at all. Before the Business Combination can be completed, SPAC must obtain the approval of SPAC shareholders for each of the Proposals, and parties must also satisfy other closing conditions. See “The Business Combination Proposal — The Business Combination Agreement — Conditions to Closing of the Business Combination”. |

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| Q: | WHAT HAPPENS IF THE BUSINESS COMBINATION OR THE MERGERS ARE NOT COMPLETED? |

| Q: | WHAT AM I BEING ASKED TO VOTE ON AND WHY IS THIS APPROVAL NECESSARY? |

| A: | SPAC shareholders are being asked to vote on the following Proposals: |

| (1) | the Business Combination Proposal; |

| (2) | the Conversion Proposal; |

| (3) | the Governing Documents Proposal; |

| (4) | the Governing Documents Advisory Proposals; |