Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 37

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 37
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 redemption rights must be received by the Transfer Agent prior to the vote taken on the Business Combination Proposal at the Extraordinary General Meeting. No demand for redemption will be honored unless the holder’s share certificates (if any) and other redemption forms have been delivered (either physically or electronically) to the Transfer Agent prior to the vote at the Extraordinary General Meeting.

If a holder of SPAC Public Shares properly makes a request for redemption and the certificates for the SPAC Ordinary Shares (if any) along with the redemption forms are delivered as described to the Transfer Agent as described herein, then, if the Business Combination is consummated, SPAC will redeem these shares for a pro rata portion of funds deposited in the Trust Account. The redemption will take place before the Conversion and, accordingly, if you exercise your redemption rights, then you will be exchanging your SPAC Ordinary Shares for cash.

Any request to redeem SPAC Public Shares, once made, may be withdrawn at any time, with SPAC’s consent, until the closing of the Business Combination. If SPAC receives valid redemption requests from holders of SPAC Public Shares prior to the redemption deadline, SPAC may, at its sole discretion, following the redemption deadline and until the date of Closing, seek and permit withdrawals by one or more of such holders of their redemption requests. SPAC may select which holders to seek such withdrawals of redemption requests from based on any factors we may deem relevant, and the purpose of seeking such withdrawals may be to increase the funds held in the Trust Account. If a holder of SPAC Public Shares delivered its SPAC Public Shares for redemption to the Transfer Agent and decides within the required timeframe not to exercise its redemption rights, it may request that the Transfer Agent return the shares (physically or electronically). The holder can make such request by contacting the Transfer Agent, at the address or email address listed in this proxy statement/prospectus.

| Q: | WHAT ARE THE MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO U.S. HOLDERS THAT EXERCISE THEIR REDEMPTION RIGHTS? |

| A: | For a description of the material U.S. federal income tax consequences to U.S. Holders that exercise their redemption rights, see the description in the section entitled “Material U.S. Federal Income Tax Considerations—U.S. Holders—Effects to U.S. Holders of Exercising redemption rights.” |

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| Q: | FOLLOWING THE BUSINESS COMBINATION, WILL SP