Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 241

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 241
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 months from the date of this prospectus. This agreement is, however, subject to any pre-existing fiduciary and contractual obligations such officer or director may from time to time have to another entity. Accordingly, if any of them becomes aware of a business combination opportunity which is suitable for an entity to which he has pre-existing fiduciary or contractual obligations, he will honor his fiduciary or contractual obligations to present such business combination opportunity to such entity, and only present it to us if such entity rejects the opportunity. We do not believe, however, that the pre-existing fiduciary duties or contractual obligations of our officers and directors will materially undermine our ability to complete our business combination because in most cases the affiliated companies are closely held entities controlled by the officer or director or the nature of the affiliated company’s business is such that it is unlikely that a conflict will arise.

In the case that our Sponsor, directors, and officers form, or otherwise become involved with, any other SPACs prior to completing our initial business combination in the future, we expect that we will generally have priority over any such other special purpose acquisition companies with respect to acquisition opportunities until we complete our initial business combination or enter into a contractual agreement that would restrict our ability to engage in material discussions regarding a potential initial business combination. Although we have no formal policy in place for vetting potential conflicts of interest, our board of directors will review any potential conflicts of interest on a case-by-case basis.

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The following table summarizes the current material pre-existing fiduciary or contractual obligations of our officers and directors:

| Name of Individual |     | Name of Affiliated Company             |     | Entity’s Business                         |     | Affiliation             |
| Ping Zhang         |     | Quantumsphere Acquisition Corporation  
 Quartzsea Acquisition Corporation      
 Green Leaf Air Freight Inc.            
 Yotta Acquisition Corporation          
 Quetta Acquisition Corporation         
 GalaxyEdge Acquisition Corporation     |     | Special Purpose Acquisition Company       
 Special Purpose Acquisition Company       
 Investment and Air Freight Company        
 Special Purpose Acquisition Company       
 Special Purpose Acquisition Company       
 Special Purpose Acquisition Company       |     | Chief Executive Officer 
 Independent Director    
 General Manager         
 Independent Director    
 Independent Director    
 Independent             
 Director                |
| Qi Gong            |     | Yotta Acquisition Corporation          
 Quetta Acquisition Corporation         
 QuasarEdge Acquisition Corporation     
 Quantumsphere Acquisition Corporation  
 American Wall Street Listed Group Inc. 
 American Information Technology Inc.   
 U.S. China Health Products Inc.        
 U.S.-China Service Inc.                
 Quartz