Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 51

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 51
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 approximately $75,000,000. Substantially concurrently with the consummation of the IPO, SPAC completed the private sale of 276,250 Private Placement Units at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to SPAC of approximately $2,762,500, consisting of (i) 201,250 Private Placement Units sold to the Sponsor and (ii) 75,000 private placement units sold to EarlyBirdCapital and its designees. A total of $75,000,000, comprised of the proceeds from the IPO and sale of the private placement units, were placed in a Trust Account maintained by the Transfer Agent, acting as trustee.

SPAC’s securities are traded on Nasdaq under the ticker symbols “PELI,” “PELIU” and “PELIR” Upon the closing of the Business Combination, SPAC’s securities will be delisted from Nasdaq.

The mailing address of SPAC’s principal executive office is 1185 Avenue of the Americas, Suite 304, New York, NY 10036.

SPAC’s telephone number is (212) 612-1400.

PubCo

PubCo is a Texas corporation formed on September 5, 2025. PubCo was formed solely in contemplation of the Business Combination, has not commenced any operations, has only nominal assets and has no liabilities or contingent liabilities, nor any outstanding commitments other than as set forth in the Business Combination Agreement.

PubCo’s principal executive office is 3400 East Bayaud Avenue, Suite 400, Denver, Colorado 80209.

March GL Company

March GL is a Texas energy resources company headquartered in Denver Colorado that is focused on unlocking Greenland’s vast hydrocarbon potential through application of modern exploration technologies. The Company’s primary asset and focus is its license at the Jameson Land Basin of Greenland. March GL is led by a team of industry veteran professionals and is bolstered by a deep bench of consultants with decades of experience in the energy and natural resources industries.

March GL’s principal executive office is located at 3400 East Bayaud Avenue, Suite 400, Denver, Colorado 80209.

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Greenland Exploration Limited Greenland Exploration Limited is a Texas-based entity focused on developing strategic positions in North American energy assets. Through its partnerships and future acquisitions, Greenland Exploration Limited aims to deliver long-term shareholder value in a dynamic and evolving energy market. Greenland’s principal executive office is located at 104 S. Walnut Street