Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 169

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 169
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 the Condition Precedent Proposals. Therefore, if any of the Condition Precedent Proposals is not approved, the Conversion Proposal will have no effect, even if approved by the requisite SPAC shareholders.

As of the date of this proxy statement/prospectus, the Sponsor and the Insiders have agreed to vote the SPAC Ordinary Shares owned by them in favor of the Conversion Proposal.

Resolution to be Voted Upon

The full text of the resolutions to be passed are as follows:

“RESOLVED, as a special resolution, that: (i) SPAC be de-registered in the Cayman Islands and registered by way of continuation as a corporation under the Laws of the state of Texas, pursuant to Part XII of the Companies Act (As Revised) of the Cayman Islands and the applicable provisions of TBOC and, immediately upon being de-registered in the Cayman Islands, SPAC be continued and converted to a corporation in the State of Texas; and (ii) the Proposed Certificate of Formation, in the form appended to the accompanying proxy statement/prospectus as Annex B, to be effective upon the Conversion, and the Proposed Bylaws, in the form appended to the accompanying proxy statement/prospectus as Annex C, to be effective upon the Conversion, be approved in all respects.”

Recommendation of the SPAC Board

The SPAC Board believes that the Conversion Proposal to be presented at the Extraordinary General Meeting is in the best interests of SPAC.

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THE SPAC BOARD UNANIMOUSLY RECOMMENDS THAT SPAC SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE CONVERSION PROPOSAL.

The existence of financial and personal interests of one or more of SPAC’s directors may result in a conflict of interest on the part of such director(s) between what such director may believe is in the best interests of SPAC and its shareholders and what such director may believe is best for themselves in determining to recommend that shareholders vote for the proposals. The Sponsor and SPAC’s officers also have interests in the Business Combination that may be different from, or in addition to, your interests as a shareholder. See the section of this proxy statement/prospectus entitled “ The Business Combination Proposal—Interests of Certain Persons in the Business Combination” for a further discussion of these considerations.

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<div align='center'>GOVERNING documents PROPOSAL</div>

Overview

Assuming each of the Condition