Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 390

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 390
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 were located in the United States, with prepaid logistics and exploration-related expenditures supporting planned activities in Greenland.

Because the Company operates as a single reportable segment, the required entity-wide disclosures under ASC 280 have been incorporated herein. No disaggregated segment profit or loss information has been separately disclosed because the CODM reviews the consolidated results of the Company as a whole.

| 8. | SUBSEQUENT EVENTS |

The Company has evaluated subsequent events through October 21, 2025, the date on which these financial statements were available to be issued.

Subsequent to June 30, 2025, the Company completed an additional private placement of common stock, issuing 55,000shares for gross proceeds of approximately $ 3,001,480. The proceeds from this offering will be used to fund planned exploration activities and general working capital needs.

<div align='center'>F-68</div>

Annex A

Execution Version

<div align='center'>AGREEMENT AND PLAN OF MERGER

by and among

Pelican Holdco, Inc.

Pelican Acquisition Corporation

Pelican Merger Sub, Inc.

Greenland Exploration Limited

Greenland Merger Sub, Inc.

March GL Company

March GL Merger Sub, Inc.

Dated as of September 9, 2025</div>

| ARTICLE I. MERGERS               |                                                    |     | A-5  |
| 1.1                              | Domestication; Mergers; Contribution               |     | A-5  |
| 1.2                              | Effective Time                                     |     | A-6  |
| 1.3                              | Effect of the Mergers                              |     | A-7  |
| 1.4                              | Certificate of Incorporation and Bylaws; Directors 
 and Officers                                       |     | A-7  |
| 1.5                              | Merger Consideration                               |     | A-8  |
| 1.6                              | Conversion of Outstanding Securities               |     | A-8  |
| 1.7                              | Treasury Stock                                     |     | A-9  |
| 1.8                              | Surrender of Securities and Disbursement of        
 Merger Consideration                               |     | A-9  |
| 1.9                              | Allocation Schedule                                |     | A-11 |
| 1.10                             | Taking of Necessary Action; Further Action         |     | A-12 |
| 1.11                             | Amended Holdco