Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 67

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 67
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 (calculated as of two business days prior to the consummation of the Business Combination, less permitted withdrawals and income taxes payable). Public shareholders may elect to redeem their SPAC Public Shares even if they vote for the Business Combination. A public shareholder, together with any of his, her or its affiliates or any other person with whom it is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming in the aggregate his, her or its shares or, if part of such a group, the group’s shares, in excess of 15% of the SPAC Public Shares included in the Units without the prior consent of SPAC. Any beneficial holder of SPAC Public Shares on whose behalf a redemption right is being exercised must identify itself to SPAC in connection with any redemption election in order to validly elect to redeem such SPAC Public Shares.

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Each redemption of SPAC Public Shares by SPAC’s public shareholders will reduce the amount in the Trust Account, which held marketable securities with a fair value of approximately $[ ] as of [ ], 2025. The conditions to closing in the Business Combination Agreement are for the sole benefit of the parties thereto and may be waived by such parties. SPAC shareholders who wish to redeem their SPAC Public Shares for cash must refer to and follow the procedures set forth in the section entitled “ Extraordinary General Meeting of SPAC — redemption rights” to properly redeem their SPAC Public Shares. Proxy Solicitation Proxies may be solicited by mail, telephone or in person. SPAC has engaged Advantage Proxy, Inc. to assist in the solicitation of proxies. SPAC and its directors and officers and employees may also solicit proxies in person. SPAC will ask banks, brokers and other institutions, nominees and fiduciaries to forward this proxy statement/prospectus and the related proxy materials to their principals and to obtain their authority to execute proxies and voting instruction . If a shareholder grants a proxy, it may still vote its shares virtually if it revokes its proxy before the Extraordinary General Meeting. A shareholder also may change its vote by submitting a later-dated proxy as described in the section entitled “ Extraordinary General Meeting of SPAC — Revoking Your Proxy.” Comparison of Corporate Governance and Shareholder Rights When the Conversion and Business Combination is completed, the rights of shareholders of SPAC and the Companies as shareholders of PubCo will be governed by Texas Law, including the T