Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 47

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 47
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 without specific instructions from the beneficial owner. It is expected that all of the Proposals are “non-routine” matters. Broker non-votes occur when a broker or nominee is not instructed by the beneficial owner of shares to vote on a particular proposal for which the broker does not have discretionary voting power.

If you are an SPAC shareholder
holding your shares in “street name” and you do not instruct your broker, bank or other nominee on how to vote your
shares, your broker, bank or other nominee will not vote your shares on the Business Combination Proposal, the Conversion proposal,
the Governing Documents Proposal, the Governing Documents Advisory Proposals, the Stock Issuance Proposal, the Incentive Plan
Proposal, or the Adjournment Proposal. Such abstentions and broker non-votes will have no effect on the vote count for any of the
proposals.

| Q: | WHAT IF I ATTEND THE EXTRAORDINARY GENERAL MEETING VIRTUALLY AND ABSTAIN OR DO NOT VOTE? |

| A: | If you are a SPAC shareholder that attends the Extraordinary General Meeting virtually and fails to vote, or if you respond to the proposals with an “abstain” vote, your failure to vote or “abstain” vote in each case will have no effect on the vote count for the proposals. |

| Q: | WHAT WILL HAPPEN IF I RETURN MY PROXY CARD WITHOUT INDICATING HOW TO VOTE? |

| A: | If you sign and return your proxy card without indicating how to vote on any particular proposal, the SPAC Ordinary Shares represented by your proxy will be voted as recommended by the SPAC Board with respect to such proposal. |

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| Q: | MAY I CHANGE MY VOTE AFTER I HAVE DELIVERED MY PROXY OR VOTING INSTRUCTION CARD? |

| A: | Yes. You may change your vote at any time before your proxy is voted at the Extraordinary General Meeting. You may do this in one of three ways: |

| (i) | Notify SPAC or its proxy solicitor prior to the Extraordinary General Meeting; |

| (ii) | mailing a new, subsequently dated proxy card; or |

| (iii) | by attending the Extraordinary General Meeting and electing to vote your shares. |

If you are a shareholder of record of SPAC and you choose to send a written notice or to mail a new proxy, you must submit