Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 191

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 191
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 for which the Extraordinary General Meeting is scheduled, there are insufficient SPAC Ordinary Shares represented (either virtually or by proxy) to constitute a quorum necessary to conduct business at the Extraordinary General Meeting, and (ii) in order to solicit additional proxies from SPAC shareholders in favor of one or more of the proposals at the Extraordinary General Meeting.

Vote Required for Approval

The approval of the Adjournment Proposal, if presented to the Extraordinary General Meeting, requires an ordinary resolution, being the affirmative vote of the holders of at least a majority of the votes cast by the holders of the SPAC Ordinary Shares who, being present virtually or by proxy and entitled to vote at the Extraordinary General Meeting, vote in favor of the Adjournment Proposal at the Extraordinary General Meeting. Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the Extraordinary General Meeting and otherwise will have no effect on a particular proposal.

The Adjournment Proposal is not conditioned on the approval of any other proposal.

As of the date of this Proxy Statement/Prospectus, the Sponsor and the Insiders have agreed to vote the SPAC Ordinary Shares owned by them in favor of the Adjournment Proposal. As of the Record Date, the Sponsor and the Insiders own 25.73% of the issued and outstanding SPAC Ordinary Shares. SPAC’s officers and directors do not hold any SPAC Public Shares, but may purchase SPAC Public Shares at any time, subject to compliance with Law and SPAC’s trading policies.

Resolution to be Voted Upon

The full text of the resolution to be passed is as follows:

“RESOLVED, as an ordinary resolution, that the Extraordinary General Meeting be adjourned to a later date or dates (i) to the extent necessary to ensure that any required supplement or amendment to the Proxy Statement/Prospectus is provided to SPAC shareholders or, if as of the time for which the Extraordinary General Meeting is scheduled, there are insufficient SPAC Ordinary Shares represented (either virtually or by proxy) to constitute a quorum necessary to conduct business at the Extraordinary General Meeting, and (ii) in order to solicit additional proxies from SPAC shareholders in favor of one or more of the proposals at the Extraordinary General Meeting (the “Adjournment Proposal”).”

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Recommendation of the SPAC Board

The SPAC Board believes that the Adjourn