Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 253

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 253
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 requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and income and expenses during the periods reported. Actual results could materially differ from those estimates. We have not identified any critical accounting policies and estimates.

Recent Accounting Standards

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires the disclosure of additional segment information. ASU No. 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this guidance as of April 30, 2025.

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations; Quarterly Results

As of July 31, 2025, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations.

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<div align='center'>INFORMATION ABOUT PUBCO</div>

PubCo is a Texas corporation
formed on September 5, 2025. PubCo was formed solely in contemplation of the Business Combination, has not commenced any operations,
has only nominal assets and has no liabilities or contingent liabilities, nor any outstanding commitments other than as set forth in the
Business Combination Agreement.

PubCo has an authorized share
capital of 500,000,000 shares, par value $0.0001 per share. Prior to Closing, PubCo intends to amend and restate its certificate of formation
which will constitute the Proposed Certificate of Formation. Under the Proposed Certificate of Formation, PubCo will (i) have an authorized
share capital of 500,000,000 shares, par value $0.0001 per share, and (ii) be renamed “Greenland Energy Company.”

The principal executive office of PubCo is 3400 East Bayaud Avenue, Suite 400, Denver, Colorado 80209. After the consummation of the Business Combination, its principal executive
office and mailing address shall be that of [ ].

PubCo’s auditor is Fruci