Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 333

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 333
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| General and administrative expenses                                                             |     | $ |            331,247 |   |     | $ |          351,184 |   |
| Loss from Operations                                                                            |     |   |           (331,247 | ) |     |   |         (351,184 | ) |
| Other income:                                                                                   |     |   |                    |   |     |   |                  |   |
| Interest income                                                                                 |     |   |              2,985 |   |     |   |            3,369 |   |
| Interest earned on investments held in Trust Account                                            |     |   |            635,672 |   |     |   |          635,672 |   |
| Total other income                                                                              |     |   |            638,657 |   |     |   |          639,041 |   |
| Net income                                                                                      |     | $ |            307,410 |   |     | $ |          287,857 |   |
| Basic                                                                                           
 and diluted weighted average shares outstanding, ordinary shares subject to possible redemption |     |   |          6,081,522 |   |     |   |        3,091,160 |   |
| Basic and diluted net income per share, ordinary shares subject to possible redemption          |     | $ |               0.03 |   |     | $ |             0.05 |   |
| Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares(1)        |     |   |          3,171,698 |   |     |   |        2,939,758 |   |
| Basic and diluted net income per share, non-redeemable ordinary shares                          |     | $ |               0.03 |   |     | $ |             0.05 |   |

| (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). |

As a result of the underwriter’s full exercise of its over-allotment option to purchase 1,125,000 units on May 30, 2025, no shares were subject to forfeiture.

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

F-20</div>

<div align='center'>PELICAN