Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 384

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 384
---
 Total         
 Stockholders’ 
 Equity        |         - |   |
|:-------------------------------------|:----|:-------------|-------:|:----|:-------|---:|:----|:-----------|----------:|:----|:------------|:---------|:--|:----|:--------------|----------:|:--|
| Issuance of Common Stock             |     |              | 44,600 |     |        | 45 |     |            | 1,150,095 |     |             | -        |   |     |               | 1,150,140 |   |
| Net loss                             |     |              |      - |     |        |  - |     |            |         - |     |             | (445,105 | ) |     |               |  (445,105 | ) |
| Balance – June 30, 2025              |     |              | 44,600 |     | $      | 45 |     |            | 1,400,195 |     | $           | (445,105 | ) |     | $             |   705,035 |   |

<div align='center'>See notes to financial statements

F-62</div>

March GL

Statement of Cash Flows

For the Period from Inception (March 31, 2025) through June 30, 2025

| Cash flows from operating activities                                                     |     |   |           |   |
|:-----------------------------------------------------------------------------------------|:----|:--|----------:|:--|
| Net income (loss)                                                                        |     | $ |  (445,105 | ) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities |     |   |           |   |
| Changes in assets and liabilities                                                        |     |   |           |   |
| Prepaid shipping expenses                                                                |     |   |  (866,023 | ) |
| Prepaid expenses                                                                         |     |   |    (2,884 | ) |
| Accounts payable                                                                         |     |   |   380,009 |   |
|                                                                                          |     |   |  (488,898 | ) |
| Net cash provided by (used in) operating activities                                      |     |   |  (934,003 | ) |
| Cash flows from financing activities                                                     |     |   |           |   |
| Proceeds from the issuance of common stock                                               |     |