Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 303

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 303
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 on the Trading Market with the ticker symbols “GLND” and “GLNDW”. It is a condition to consummation of the Business Combination in the Business Combination Agreement that the PubCo Common Stock to be issued in connection with the Business Combination shall have been approved for listing on Nasdaq or the NYSE, subject only to official notice of issuance thereof. PubCo, the Companies, and SPAC have certain obligations in the Business Combination Agreement to use reasonable best efforts in connection with the Business Combination, including with respect to satisfying the Nasdaq or NYSE listing condition. The Nasdaq or NYSE listing condition in the Business Combination Agreement may be waived by the parties to the Business Combination Agreement.

Holders

As of [ ], 2025, there were [ ] holders of record of SPAC Ordinary Shares, [ ] holders of record of SPAC Units, and [ ] holder of record of SPAC Rights.

Dividend Policy

SPAC has not paid any cash dividends on its SPAC Ordinary Shares to date and does not intend to pay cash dividends prior to the completion of the Business Combination. The payment of any cash dividends after consummation of the Business Combination shall be dependent upon the revenue, earnings and financial condition of PubCo from time to time. The payment of any dividends subsequent to the Business Combination shall be within the discretion of the board of directors of PubCo.

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<div align='center'>SHAREHOLDER COMMUNICATIONS</div>

SPAC shareholders and interested parties may communicate with the SPAC Board, any committee chairperson or the non-management directors as a group by writing to the board or committee chairperson in care of Pelican Acquisition Corporation, 1185 Avenue of the Americas, Suite 304, New York, NY 10036. Following the Closing, such communications should be sent to Greenland Energy Company, 3400 East Bayaud Avenue, Suite 400, Denver, CO 80209. Each communication will be forwarded, depending on the subject matter, to the board of directors, the appropriate committee chairperson or all non-management directors.

<div align='center'>LEGAL MATTERS</div>

SPAC is represented by Celine & Partners PLLC with respect to certain
legal matters as to United States federal securities Law. SPAC is also represented by Ogier, Cayman Islands, with respect to certain legal
matters as to Cayman Islands Law.

Winston & Strawn LLP has passed upon the validity of the securities of PubCo offered by this