Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 373

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 373
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 |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                       |     |   |        |   |
| Current liabilities                                                                        |     |   |        |   |
| Accounts payable                                                                           |     | $ |  8,335 |   |
| Total liabilities                                                                          |     | $ |  8,335 |   |
| Commitments & Contingencies                                                                |     | $ |      - |   |
| Stockholders’ equity                                                                       |     |   |        |   |
| Common stock, no par value; 10,000,000 shares authorized; 1,500,000 issued and outstanding |     | $ |      - |   |
| Additional paid in capital                                                                 |     | $ | 20,000 |   |
| Accumulated deficit                                                                        |     |   | (8,335 | ) |
| Total stockholders’ equity                                                                 |     |   | 11,665 |   |
| Total liabilities and stockholders’ equity                                                 |     | $ | 20,000 |   |

<div align='center'>The accompanying notes are an integral part of the financial statements.

F-50</div>

<div align='center'>Greenland Exploration Limited

Statement of Operations

For the period from June 9, 2025 (inception) to June 30, 2025
(Audited)</div>

| Formation costs                            |     | $ |     335 |   |
| General and administrative expenses        |     |   |   8,000 |   |
| Loss before taxes                          |     | $ |  (8,335 | ) |
| Income tax                                 |     |   |       - |   |
| Net loss                                   |     |   |  (8,335 | ) |
| Weighted average common shares outstanding |     |   |         |   |
| Basic and diluted                          |     |   | 237,805 |   |
| Basic and diluted net loss per share       |     | $ |  (0.035 | ) |

<div align='center'>The accompanying notes are an integral part of the financial statements.

F-51</div>

<div align='center'>Greenland Exploration Limited

Statement of Changes in Stockholders’ Equity

For the period ended June 9, 2025 (inception) to June 30, 2025

(Audited)</div>

| Balance at June 9, 2025 (inception)               |     |