Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 35

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 35
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redemption rights”). |

Notwithstanding the foregoing, a public shareholder, together with any affiliate of such holder or any other person with whom such holder is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Exchange Act), will be restricted from seeking redemption with respect to more than 15% of the SPAC Public Shares. Accordingly, all SPAC Public Shares in excess of 15% held by a public shareholder, together with any affiliate of such holder or any other person with whom such holder is acting in concert or as a “group,” will not be redeemed.

| Q: | IF I AM A HOLDER OF UNITS, CAN I EXERCISE REDEMPTION RIGHTS WITH RESPECT TO MY UNITS? |

| A: | No. Holders of issued and outstanding Units must elect to separate the Units prior to exercising redemption rights with respect to the SPAC Public Shares. If you hold your Units in an account at a brokerage firm or bank, you must notify your broker or bank that you elect to separate the Units, or if you hold Units registered in your own name, you must contact the Transfer Agent, directly and instruct them to do so. You are requested to cause your SPAC Public Shares to be separated and tendered or delivered to the Transfer Agent, along with the redemption forms by 5:00 p.m., Eastern Time, on, 2025 (two business days before the scheduled date of the Extraordinary General Meeting) in order to exercise your redemption rights with respect to your public share. |

| Q: | IF I AM A HOLDER OF SPAC PUBLIC RIGHTS, CAN I EXERCISE REDEMPTION RIGHTS WITH RESPECT TO MY SPAC PUBLIC RIGHTS? |

| A: | No, holders of SPAC Public Rights will not have redemption rights with respect to the SPAC Public Rights. |

| Q: | WILL HOW I VOTE AFFECT MY ABILITY TO EXERCISE REDEMPTION RIGHTS? |

| A: | No. You may exercise your redemption rights whether you vote your SPAC Public Shares for or against, or if you abstain from voting on, the Business Combination Proposal or any other proposal. As a result, the Business Combination Proposal can be approved by shareholders who will redeem their SPAC Public Shares and no longer remain shareholders and subject to the terms and conditions of the Business Combination Agreement, the Business Combination may be consummated even though the funds available from the Trust Account and the number of public shareholders are substantially reduced