Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 22

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 22
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 to the Lock-up Agreement that are subject to the transfer restrictions therein. |

| ● | “March GL” means March GL Company, a Texas corporation. |

| ● | “March GL Merger” means the merger of March GL Merger Sub with and into March GL, with March GL surviving as a wholly-owned subsidiary of PubCo, on the terms set forth in the Business Combination Agreement. |

| ● | “March GL Merger Consideration” means the aggregate 20,000,000 shares of PubCo Common Stock issuable to holders of March GL Common Stock as consideration in the March GL Merger, as further described herein. |

| ● | “March GL Merger Sub” means March GL Merger Sub, Inc., a Texas corporation and a wholly owned subsidiary of PubCo. |

| ● | “Material Adverse Effect” means any change, effect, event, occurrence, state of facts or development that has or would reasonably be expected to have a material adverse effect on the business, financial condition, assets, liabilities or results of operations of the subject party and its subsidiaries, taken as a whole, or that would prevent or materially delay the consummation by such party of the transactions contemplated by the Business Combination Agreement, subject to customary exceptions set forth therein. |

| ● | “Merger Consideration” means, collectively, the Greenland Merger Consideration and the March GL Merger Consideration. |

| ● | “Merger Sub” or “Merger Subs” means, as the context requires, SPAC Merger Sub, Greenland Merger Sub and March GL Merger Sub, each a wholly-owned subsidiary of PubCo formed to consummate the Mergers. |

| ● | “Mergers” means, collectively, the SPAC Merger, the Greenland Merger and the March GL Merger. |

| ● | “Nasdaq” means The Nasdaq Stock Market LLC. |

| ● | “Nasdaq Proposal” means the proposal submitted to SPAC shareholders pursuant to Nasdaq Listing Rules 5635(a), (b) and (d) to approve the issuance or potential issuance of equity in connection with the transactions contemplated by this proxy statement/prospectus. |

| ● | “Party” or “Parties” means the parties to the Business Combination Agreement, as the context requires. |

| ● | “Person” means any individual, corporation, company, partnership, limited liability company, joint venture, association, trust, unincorporated organization, estate