Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 63

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 63
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 |     | $              | 293,598,750 |     | $                  | 250,473,750 |

| (1) | Represent the common shares held by SPAC shareholder. This includes the common shares underlying SPAC Public Rights that will be converted into common shares or PubCo at close of Business Combination.                                                                                                                                                                                                                                                                                                                                 |
| (2) | Represents the common shares of PubCo issued to Greenland shareholder as merger consideration at close of Business Combination.                                                                                                                                                                                                                                                                                                                                                                                                          |
| (3) | Represents the common shares of PubCo issued to March GL shareholder as merger consideration at close of Business Combination.                                                                                                                                                                                                                                                                                                                                                                                                           |
| (4) | Consist of 212,500 common shares underlying private unit and 21,250 common shares underlying private unit rights held by Sponsor. Also includes 2,156,250 founder shares after 718,750 founder shares that will be forfeited by Sponsor at close of Business Combination. Subsequently Sponsor will transfer 20% of the remaining founder shares after the forfeiture (or for avoidance of doubt 431,250 founder shares) to FG Merchant Partners LP, a shareholder of March GL. As a result, Sponsor will hold 1,725,000 founder shares. |
| (5) | Consist of 200,000 founder shares held by underwriter. Also includes 86,250 common shares underlying private unit and 8,625 common shares underlying private unit rights held by the underwriter.                                                                                                                                                                                                                                                                                                                                        |

Executive Officers of PubCo The executive officers of PubCo upon the Closing will be (i) Robert Price and (ii) [ ]. Board of Directors of PubCo Upon the Closing, the PubCo Board will consist of 5 directors, which will include: (i) Robert Price, (ii) Larry G. Swets, Jr., (iii) [ ], (iv) [ ], and (v) [ ].

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Date, Time and Place of Extraordinary General Meeting of SPAC Shareholders

To better meet practical needs, the SPAC Board determined that the Extraordinary General Meeting will be a virtual meeting conducted exclusively via live webcast. You will be able to attend the Extraordinary General Meeting online, vote at the Extraordinary General Meeting and submit your questions during the Extraordinary General Meeting by visiting https:// . The meeting webcast will begin promptly at a.m., Eastern Time, or such other date, time, and place to which such meeting may be adjourned. We encourage