Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 101

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 101
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, delays, financial distress, or non-performance by these parties could materially disrupt our operations and plans.

Future changes in environmental regulations and climate-related policies may adversely affect our business.

Increasing regulatory focus on climate change and environmental impacts of fossil fuels may result in new Laws or regulations that impose additional costs or operational restrictions. These may include carbon pricing, emissions limits, stricter permitting requirements, or limits on hydrocarbon development in sensitive areas such as Greenland. Such developments could materially increase costs, delay projects, or reduce the attractiveness of our assets.

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Risks Related to Ownership of PubCo Common Stock Following the Business Combination

Each of SPAC and the Companies have incurred and will incur substantial costs in connection with the Business Combination and related transactions, such as legal, accounting, consulting, and financial advisory fees.

Each of SPAC and the Companies have incurred and expect that they will incur significant, non-recurring costs in connection with consummating the Business Combination and related transactions. SPAC and the Companies may also incur additional costs to retain key employees. SPAC and the Companies will also incur significant legal, financial advisor, accounting, banking and consulting fees, fees relating to regulatory filings and notices, SEC filing fees, printing and mailing fees and other costs associated with the Business Combination and related transactions. Although the parties have been provided with estimates of the costs for each advisory firm, the total actual costs may exceed those estimates and some of these costs are payable regardless of whether the Business Combination and related transactions are completed.

Additional unanticipated costs may be incurred in the course of conducting the business of PubCo after the completion of the Business Combination.

An active market for PubCo’s securities may not develop, which would adversely affect the liquidity and price of PubCo’s securities.

The price of PubCo’s securities may vary significantly due to factors specific to PubCo as well as to general market or economic conditions. Furthermore, an active trading market for PubCo’s securities may never develop or, if developed, it may not be sustained. Additionally, if PubCo securities become delisted from Nasdaq for any reason and are quoted on the OTC Pink Sheets, an inter-dealer automated quotation system for equity securities not listed on a national exchange, the liquidity and price of PubCo securities may be more limited than if they were listed on the Nasdaq or another national exchange. You may be unable to sell your securities unless a market can be established and sustained.

In addition, Nasdaq may delist PubCo’s securities from trading on its