Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 468

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 468
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 or

(q) authorize or agree to do
any of the foregoing actions.

Purchaser shall notify each Company
in writing of any such actions taken in accordance with the foregoing proviso and shall use reasonable best efforts to mitigate any negative
effects of such actions on Purchaser and its Subsidiaries.

7.4 Annual and Interim Financial Statements.

(a) Each Company shall use
reasonable best efforts to deliver to Purchaser on or prior to Closing, the audited financial statement of the Company (including, in
each case, any related notes thereto), consisting of the balance sheets of each Company as of June 30, 2025, and the related audited
income statements, changes in shareholder equity and statements of cash flows for the fiscal year then ended, audited by a PCAOB qualified
auditor in accordance with GAAP and PCAOB standards and containing an unqualified report of each Company’s auditors, that is required
to be included in the Registration Statement and any other filings to be made by the Purchaser or Holdco with the SEC in connection with
the transactions contemplated hereby and in the Ancillary Document.

(b) All financial statements
delivered pursuant to this Section 7.4, (A) will be prepared from, and reflect in all
material respects, the books and records of the applicable Company, (B) will be prepared in accordance with GAAP applied on a consistent
basis throughout the periods covered thereby, (C) will fairly present, in all material respects, the consolidated financial position of
the Companies as of the dates thereof and their results of operations for the periods then ended, and (D) will be audited in accordance
with the standards of the PCAOB. All costs incurred in connection with preparing and obtaining such financial statements shall be Expenses
of the applicable Company.

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7.5 Purchaser Public Filings.During the Interim Period, Purchaser will keep current and timely file all of its public filings with the SEC and otherwise
comply applicable securities Laws and shall use its best efforts prior to the Closing to maintain the listing of the Purchaser Units,
the Purchaser Ordinary Shares and the Purchaser Rights on Nasdaq. Holdco shall use its best efforts to obtain, and Purchaser and each
Company will use their reasonable best efforts to cooperate with Holdco to obtain, a listing of Holdco Common Stock and Holdco Warrants
to be listed on Nasdaq effective as of