Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 301

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 301
---
 by shell companies (other than business combination related shell companies) or issuers that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:

| ● | the issuer of the securities that was formerly a shell company has ceased to be a shell company; |

| ● | the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act; |

| ● | the issuer of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding twelve months (or such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports; and |

| ● | at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company. |

As a result, the Sponsor will be able to sell its PubCo Common Stock pursuant to Rule 144 without registration one year after the Business Combination.

<div align='center'>213</div>

<div align='center'>STOCKHOLDER PROPOSALS AND NOMINATIONS</div>

Stockholder Proposals

PubCo’s Proposed Bylaws establish an advance notice procedure for stockholders who wish to present a proposal before an annual meeting of stockholders. PubCo’s Proposed Bylaws provide that the only business that may be conducted at an annual meeting of stockholders is business that is (i) specified in PubCo’s notice of such meeting (or any supplement thereto), (ii) by or at the direction of the PubCo Board (or any duly authorized committee thereof) or (iii) otherwise properly brought before such meeting by a stockholder who is a stockholder of record on the date of giving of the notice and on the Record Date for determination of stockholders entitled to vote at such meeting who has complied with the notice procedures specified in PubCo’s Proposed Bylaws. To be timely for PubCo’s annual meeting of stockholders, PubCo’s secretary must receive the written notice at PubCo’s principal executive offices:

| ● | not later than the close of business on the 90th day; and |

| ● | not earlier than the 120th day before the one-year anniversary of the preceding year’s annual meeting. |

In the event that no annual meeting was held in the previous year (as would be the case for PubCo’s 2026 annual meeting