Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 114

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 114
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 taxes of SPAC or for permitted withdrawals, divided by the number of then-outstanding SPAC Public Shares. If a public shareholder exercises its redemption rights, then it will be exchanging its redeemed SPAC Public Shares for cash and will no longer own such shares. The redemption will take place before the Conversion and, accordingly, it is the SPAC Ordinary Shares that will be redeemed. Any request to redeem SPAC Public Shares, once made, may be withdrawn at any time until the deadline for requesting to exercise redemption rights and thereafter, with our consent, until the Closing. Furthermore, if a holder of SPAC Public Shares delivers its certificate in connection with an election of its redemption and subsequently decides prior to the applicable date not to elect to exercise such rights, it may simply request that SPAC instruct the Transfer Agent to return the certificate. The holder can make such request by contacting the Transfer Agent, at the address or email address listed in the accompanying proxy statement/prospectus. We will be required to honor such request only if made prior to the deadline for requesting to exercise redemption rights.

If you hold the SPAC Public Shares in “street name,” you will have to coordinate with your broker to have your SPAC Public Shares certificated or delivered electronically. SPAC Public Shares that have not been tendered (either physically or electronically) in accordance with these procedures will not be redeemed for cash. There is a nominal cost associated with this tendering process and the act of certificating the SPAC Public Shares or delivering them through DTC’s DWAC (deposit withdrawal at custodian) system. In the event the Business Combination is not consummated this may result in an additional cost to public shareholders for the return of their SPAC Public Shares.

Any request for redemption, once made by a public shareholder, may not be withdrawn following the redemption deadline, unless the SPAC Board determines (in its sole discretion) to permit such withdrawal of a redemption request (which it may do in whole or in part).

Any corrected or changed written exercise of redemption rights must be received by the Transfer Agent prior to the redemption deadline and, following such deadline, with SPAC’s consent, prior to the Extraordinary General Meeting. No request for redemption is guaranteed to be honored unless the public holder’s shares have been delivered (either physically or electronically through DTC) to the Transfer Agent by the redemption deadline.

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Notwithstanding the foregoing, a public shareholder, together with any affiliate of such public shareholder or any other person with