Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 43

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 43
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AC Public Shares. |

| Q: | WHAT CONSTITUTES A QUORUM AT THE EXTRAORDINARY GENERAL MEETING? |

| A: | One or more holders of SPAC Ordinary Shares holding at least one-third of the paid up voting share capital of SPAC entitled to vote at the Extraordinary General Meeting must be present, virtually or represented by proxy, or if a corporation or other non-natural person, by its duly authorized representative or proxy at the Extraordinary General Meeting, to constitute a quorum and in order to conduct business at the Extraordinary General Meeting. Abstentions and broker non-votes will be counted as present for the purpose of determining a quorum. The Sponsor and the Insiders, who currently own approximately 25.73% of the issued and outstanding SPAC Ordinary Shares, will count towards this quorum. In the absence of a quorum, the chairman of the Extraordinary General Meeting has power to adjourn the Extraordinary General Meeting. |

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| Q: | DO ANY OF SPAC’S SPONSOR, DIRECTORS OR OFFICERS HAVE INTERESTS IN THE BUSINESS COMBINATION THAT MAY DIFFER FROM OR BE IN ADDITION TO THE INTERESTS OF SPAC SHAREHOLDERS? |

| A: | In considering the recommendation of our Board to vote in favor of the Business Combination, shareholders should be aware that aside from their interests as shareholders, our Sponsor and certain of our directors and officers have interests in the Business Combination that may be different from, or in addition to, those of other shareholders generally. Our Board was aware of and considered these interests, among other matters, in evaluating and negotiating the Business Combination, approving the Business Combination and in recommending to shareholders that they approve the Business Combination. Shareholders should take these interests into account in deciding whether to approve the Business Combination. These interests include, among other things: |

| ● | the Sponsor purchased 2,875,000 founder shares from SPAC for an aggregate price of $25,000, which will have a significantly higher value at the time of the Business Combination, if it is consummated, and, based on the closing trading price of the SPAC Ordinary Shares on [  ], 2025, which was $[  ], would have an aggregate value of approximately $[  ] million as of the same date. If SPAC does not consummate the Business Combination or another initial business combination by August 27, 2026 (unless such