Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 309

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 309
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abilities                                                                                     |     |             | 221,602 |   |
| Commitments and Contingencies (Note 6)                                                                        |     |             |         |   |
| Shareholders’ Deficit                                                                                         |     |             |         |   |
| Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 3,075,000 shares issued and outstanding(1) |     |             |     307 |   |
| Additional paid-in capital                                                                                    |     |             |  29,041 |   |
| Accumulated deficit                                                                                           |     |             | (42,564 | ) |
| Total Shareholders’ Deficit                                                                                   |     |             | (13,216 | ) |
| Total Liabilities and Shareholders’ Deficit                                                                   |     | $           | 208,386 |   |

| (1) | Includes an aggregate of up to 375,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by the underwriters (see Note 5). |

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

F-3</div>

<div align='center'>PELICAN ACQUISITION CORPORATION
STATEMENT OF OPERATIONS
FOR THE PERIOD FROM JULY 23, 2024 (INCEPTION) THROUGH JANUARY 31, 2025</div>

| Formation and operating costs                                      |     | $ |    43,064 |   |
| Loss from operations                                               |     |   |   (43,064 | ) |
| Interest income                                                    |     |   |       500 |   |
| Net loss                                                           |     | $ |   (42,564 | ) |
| Weighted average ordinary shares outstanding, basic and diluted(1) |     |   | 2,787,500 |   |
| Basic and diluted net loss per ordinary share                      |     | $ |    (0.015 | ) |

| (1) | Excludes an aggregate of up to 375,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by the underwriters (see Note 5). |

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

F-4</div>

<div align='center'>PELICAN ACQUISITION CORPORATION
STATEMENT OF CHANGES IN SHAREH