Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 54

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 54
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 ● | The SEC shall have declared the Registration Statement effective, and no stop order or similar order shall be in effect with respect to the Registration Statement; |

| ● | PubCo Common Stock to be issued in the Mergers shall have been approved for listing on Nasdaq or another agreed stock exchange, subject to notice of issuance; and |

| ● | PubCo’s organizational documents will have been amended to increase authorized common stock to 500,000,000 shares. |

Conditions to the Companies Obligations The obligations of the Companies to consummate and effect the Business Combination are subject to the satisfaction, at or prior to the closing of the Business Combination, of each of the following conditions, any of which may be waived, in writing, exclusively by the Companies:

| ● | the representations and warranties of SPAC, each Merger Sub, the Companies, and PubCo in Article III, V, VI, and VII of the Business Combination Agreement shall be true and correct as of the Closing Date (without giving any effect to any limitation as to “materiality” or “Material Adverse Effect” or any similar limitation set forth therein) except where a representation expressly relates to an earlier date, and in such case, shall be true and correct on and as of such earlier date; |

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| ● | the SPAC, the SPAC Merger Sub, the Greenland Merger Sub, the Companies, and PubCo shall have performed all obligations and complied with all covenants under the Business Combination Agreement to be performed or complied with on or prior to the Closing Date, except where waived in writing by the Companies; |

| ● | the covenants and agreements of the SPAC parties to be performed or complied with on or before the Closing in accordance with the Business Combination Agreement shall have been performed in all material respects; |

| ● | SPAC shall deliver a certificate, dated the Closing Date, signed by an executive officer, certifying satisfaction of the conditions in Sections 9.2(a) and 9.2(b) of the Business Combination Agreement; |

| ● | SPAC shall deliver a certificate from its secretary or executive officer certifying and attaching (A) copies of SPAC’s Organizational Documents as of the Closing Date, and (B) board resolutions authorizing execution, delivery, performance of the Business Combination Agreement and Ancillary Documents, and the consummation of the transactions; |

| ● | SPAC shall deliver good standing certificates (or equivalent) for