Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 66

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 66
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 the Governing Documents Proposal requires an ordinary resolution, being the affirmative vote of at least a majority of the votes cast by SPAC shareholders present virtually or represented by proxy at the Extraordinary General Meeting and entitled to vote on such matter. |

| (iv) | Governing Documents Advisory Proposals: The separate                                                                                
 approval of each of the Governing Documents Advisory Proposals requires, on a non-binding advisory basis, an ordinary               
 resolution, being the affirmative vote of a majority of the votes cast by the SPAC shareholders present virtually or represented by 
 proxy at the Extraordinary General Meeting and entitled to vote on such matter.                                                     |

| (v) | Stock Issuance Proposal: The approval of the Stock Issuance Proposal requires an ordinary resolution, being the affirmative vote of at least a majority of the votes cast by the holders of the issued SPAC Ordinary Shares present virtually or represented by proxy at the Extraordinary General Meeting and entitled to vote on such matter. |

| (vi) | Incentive Plan Proposal: The approval of the Incentive Plan Proposal requires an ordinary resolution, being the affirmative vote of at least a majority of the votes cast by the SPAC shareholders present virtually or represented by proxy at the Extraordinary General Meeting and entitled to vote on such matter. |

| (vii) | Adjournment Proposal: The approval of the Adjournment Proposal requires an ordinary resolution, being the affirmative vote of at least a majority of the votes cast by the holders of the SPAC shareholders present virtually or represented by proxy at the Extraordinary General Meeting and entitled to vote on such matter. If put forth at the Extraordinary General Meeting, the Adjournment Proposal will be the first and only proposal voted on and the Condition Precedent Proposals will not be submitted to the shareholders for a vote. |

Redemption Rights Pursuant to SPAC’s Second Amended and Restated Memorandum and Articles of Association, any public shareholders may demand that their SPAC Public Shares be redeemed in exchange for a pro rata share of the aggregate amount on deposit in the Trust Account, less permitted withdrawals and income taxes payable, calculated as of two business days prior to the consummation of the Business Combination. If demand is properly made and the Business Combination is consummated, these SPAC Public Shares, immediately prior to the Business Combination, will cease to be outstanding and will represent only the right to receive a pro rata share of the aggregate amount on deposit in the Trust Account, which holds the proceeds of the IPO