Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 423

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 423
---
 is required to be a party and the consummation of the transactions contemplated
hereby and thereby, (a) have been duly and validly authorized by such Company’s board of directors and, where applicable, its shareholders,
in accordance with such Company’s Organizational Documents, any applicable Law or any Contract to which such Company or any of its
shareholders is a party or by which it or its securities are bound and (b) no other corporate proceedings on the part of such Company
are necessary to authorize the execution and delivery of this Agreement and each Ancillary Document to which it is a party or to consummate
the transactions contemplated hereby and thereby. This Agreement has been, and each Ancillary Document to which such Company is a party
shall be when delivered, duly and validly executed and delivered by such Company and assuming the due authorization, execution and delivery
of this Agreement and any such Ancillary Document by the other parties hereto and thereto, constitutes, or when delivered shall constitute,
the legal, valid and binding obligation of the Company, enforceable against such Company in accordance with its terms, subject to the
Enforceability Exceptions. Such Company’s board of directors, by resolutions duly adopted at a meeting duly called and held or by
action by unanimous written consent in accordance with its Organizational Documents, has (i) determined that this Agreement, and thereby
the Ancillary Documents, and the Mergers and the other transactions contemplated hereby and thereby are advisable, fair to, and in the
best interests of, such Company and its shareholders, (ii) approved and adopted this Agreement, the Ancillary Documents, and approved
the Mergers and the other transactions contemplated hereby and thereby in accordance with applicable law, (iii) directed that this Agreement
be submitted to such Company’s shareholders for consideration, approval and adoption, (iv) recommended that such Company’s
shareholders approve and adopt this Agreement, the Ancillary Documents, and the Merger and other transactions contemplated hereby and
thereby. Except for the Required Company Shareholder Approval, no additional approval or vote of any holders of capital stock or other
equity interests of such Company would then be necessary to approve and adopt this Agreement and the Ancillary Documents and approve the
Merger and the other transactions contemplated hereby and thereby.

4.3 Capitalization.

(a) Prior to giving effect
to the transactions contemplated by this Agreement, all of the issued and outstanding shares of Company Common Stock and other equity
interests of each Company