Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 21

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 21
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public or, to the extent exercising compulsory powers, private), or other instrumentality, and any self-regulatory organization, stock exchange or market (including Nasdaq), or other quasi-governmental body exercising, or purporting to exercise, executive, legislative, judicial, regulatory, taxing or administrative authority or functions of or pertaining to government, and any subdivision, committee or representative of any of the foregoing. |

| ● | “Greenland” means Greenland Exploration Limited, a Texas corporation. |

| ● | “Greenland Merger” means the merger of Greenland Merger Sub with and into Greenland, with Greenland surviving as a wholly-owned subsidiary of PubCo, on the terms set forth in the Business Combination Agreement. |

| ● | “Greenland Merger Consideration” means the aggregate 1,500,000 shares of PubCo Common Stock issuable to holders of Greenland Common Stock as consideration in the Greenland Merger, as further described herein. |

| ● | “Greenland Merger Sub” means Greenland Merger Sub, Inc., a Texas corporation and a wholly owned subsidiary of PubCo. |

| ● | “Independent Director” means an individual who meets the independence requirements of the Nasdaq Listing Rules applicable to service on the PubCo Board or its committees, as applicable. |

| ● | “Insiders” means SPAC’s Sponsor and SPAC’s directors and officers prior to the Closing. |

| ● | “IRS” means the U.S. Internal Revenue Service. |

| ● | “JOBS Act” means the Jumpstart Our Business Startups Act of 2012. |

| ● | “Law” means any statute, Law, ordinance, rule, regulation, code, order, constitution, treaty, common Law, judgment, decree or other requirement of any Governmental Authority. |

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| ● | “Letter of Transmittal” means the letter by which Company Shareholders deliver certificates or evidence of ownership to the Exchange Agent in order to receive the Merger Consideration. |

| ● | “Lock-up Agreement” means that certain lock-up agreement entered into in connection with the Business Combination pursuant to which certain holders agreed, during the Lock-up Period, to restrictions on transfers or other dispositions of their Lock-up Shares. |

| ● | “Lock-up Period” means the period during which transfer restrictions set forth in the Lock-up Agreement apply. |

| ● | “Lock-up Shares” means the shares and other equity securities of PubCo held by the parties