Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 171

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 171
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 of at least [●] SPAC Ordinary Shares held by public shareholders (or approximately [●]% of the SPAC Public Shares) if all SPAC Ordinary Shares are represented at the Extraordinary General Meeting and cast votes, and no affirmative vote of any holder of SPAC Public Shares will be required if only such shares as are required to establish a quorum are represented at the Extraordinary General Meeting and cast votes.

Resolution to be Voted Upon

The full text of the resolution to be passed is as follows:

“RESOLVED, as an ordinary
resolution, that the Proposed Certificate of Formation, in the form appended to the accompanying proxy statement/prospectus as Annex B,
to be effective upon the Closing, the Proposed Bylaws, in the form appended to the accompanying proxy statement/prospectus as Annex C,
to be effective upon the Closing, be approved in all respects.”

Recommendation of the SPAC Board

The SPAC Board believes that the Governing Documents 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 GOVERNING DOCUMENTS 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 ADVISORY PROPOSALS</div>

Overview

SPAC is seeking shareholder
approval of the Governing Documents Advisory Proposals in connection with the Business Combination. These proposals are being presented
separately in accordance with SEC guidance to give SPAC shareholders the opportunity to present their separate views on important corporate
governance provisions and will be voted upon on a non-binding advisory basis. This separate vote is not otherwise required by Cayman Islands
or Texas Law