Merger and Acquisition - Pelican Acquisition Corporation entered into a definitive Agreement and Plan of Merger on September 9, 2025, with an aggregate merger consideration valued at US$215,000,000[125]. - The merger will involve a domestication process, transitioning from a Cayman Islands exempted company to a Texas corporation[123]. - Existing Greenland shareholders will receive 1,500,000 shares of Holdco common stock, while March GL shareholders will receive 20,000,000 shares[125]. - A promissory note of $100,000 was issued to Greenland for merger-related transaction costs, with the amount recorded as due to the target company[130]. - EBC was granted a right of first refusal for financing activities related to business combinations for a period of up to three years[147]. - The Company will pay EBC a service fee of 3.5% of the gross proceeds of the IPO, amounting to $3,018,750, upon the consummation of its initial business combination[149]. Financial Performance - For the three months ended October 31, 2025, the company reported a net income of $514,636, driven by interest income of $889,901, offsetting general and administrative expenses of $375,265[134]. - The company has not generated any revenues to date and does not expect to do so until after the completion of its initial business combination[132]. - The company generated total gross proceeds of $86,250,000 from its IPO, selling 8,625,000 units at $10.00 per unit[137]. - As of October 31, 2025, the company had cash of $220 and a working capital deficit of $145,981, indicating liquidity challenges[140]. Costs and Expenses - The company expects to incur significant costs related to the pursuit of its acquisition plans and ongoing public company expenses[133]. - The monthly fee for the Administrative Services Agreement with the Sponsor was increased from $15,000 to $20,000 as of April 4, 2025[144]. - The underwriters received a cash underwriting discount of $1,500,000 at the IPO closing on May 27, 2025[146]. - The Company entered into promissory notes totaling $700,000 with the Sponsor, which were repaid upon the closing of the IPO on May 27, 2025[143]. Regulatory and Reporting - The Company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[155]. - The Company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may apply for five years post-IPO[156]. - The Company has not identified any critical accounting policies and estimates that could materially affect its financial statements[151]. - The FASB issued ASU No. 2023-07, effective for fiscal years beginning after December 15, 2023, requiring additional segment disclosures[152]. - The Company has no off-balance sheet arrangements or commitments as of October 31, 2025[154]. Business Continuity - The company has until August 27, 2026, to consummate its initial business combination, or it will trigger an automatic winding up and liquidation[141].

Merger and Acquisition - Pelican Acquisition Corporation entered into a Merger Agreement with Greenland Exploration Limited and March GL Company, with a total merger consideration valued at $215,000,000 based on a per share value of $10.00[125][128]. - The Merger Agreement allows for termination under specific circumstances, including failure to obtain necessary shareholder approvals by June 30, 2026[130]. - A service fee of 3.5% of the gross proceeds of the IPO, amounting to $3,018,750, will be paid to EBC upon the consummation of the initial business combination[150]. - The company will pay EBC a fee of 1.0% of the total consideration payable in the initial business combination if it introduces the target business[151]. Financial Performance - For the three months ended July 31, 2025, Pelican reported a net income of $307,410, driven by interest income of $638,657, partially offset by general and administrative expenses of $331,247[136]. - As of July 31, 2025, Pelican had cash of $252,240 and working capital of $284,602, with significant costs expected in pursuit of an initial business combination[141][142]. - The IPO raised gross proceeds of $86,250,000 from the sale of 8,625,000 units at $10.00 per unit, with an additional $2,762,500 generated from a private placement[137][138]. - Following the IPO, Pelican intends to use substantially all net proceeds for the initial business combination and related expenses, with remaining funds potentially used for working capital[140]. Company Obligations and Costs - Pelican has incurred and expects to continue incurring significant costs related to being a public company and pursuing acquisition plans[135][142]. - The company has no off-balance sheet arrangements or obligations as of July 31, 2025[143]. - The company has no off-balance sheet arrangements or contractual obligations as of July 31, 2025[155]. - The monthly fee for administrative services provided by the Sponsor was increased to $20,000 as of April 4, 2025[145]. - The underwriters received a cash underwriting discount of $0.20 per Unit, totaling $1,500,000, paid at the IPO closing on May 27, 2025[147]. Regulatory and Reporting Standards - The company adopted new segment reporting standards effective April 30, 2025, following FASB's ASU No. 2023-07[153]. - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of certain accounting standards[156]. - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may exempt it from various disclosures for five years[157]. - The company has not identified any critical accounting policies and estimates that could materially affect its financial statements[152]. - No quantitative and qualitative disclosures about market risk are required for smaller reporting companies[158].

Financial Performance - The company reported a net loss of $19,553 for the three months ended April 30, 2025, consisting of formation and operating costs of $19,937, offset by interest income of $384[106]. - The company has a working capital deficit of $201,885 as of April 30, 2025, with cash holdings of $499,606[111]. - The company expects to incur significant costs in pursuit of its initial business combination, raising concerns about its ability to continue as a going concern[113]. IPO and Fundraising - The company completed its IPO on May 27, 2025, raising total gross proceeds of $86,250,000 from the sale of 8,625,000 units at $10.00 per unit[108]. - The company intends to use substantially all net proceeds from the IPO and private placement for its initial business combination and related expenses[110]. - The company incurred $700,000 in loans from its sponsor prior to the IPO, which was repaid upon the IPO closing[115]. Business Combination and Timeline - The company has until August 27, 2026, to complete its initial business combination, or it will trigger an automatic winding up and liquidation[113]. - The company has engaged EarlyBirdCapital, Inc. as an advisor for its business combination, with a service fee of 3.5% of gross proceeds payable upon consummation[121]. Regulatory Exemptions and Reporting - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act as an "emerging growth company" for a period of five years or until it no longer qualifies[127]. - Exemptions may include not providing an auditor's attestation report on internal controls over financial reporting[127]. - The company may not need to disclose all executive compensation details required of non-emerging growth public companies under the Dodd-Frank Act[127]. - The company is exempt from complying with PCAOB requirements regarding mandatory audit firm rotation[127]. - Certain executive compensation-related disclosures, such as the correlation between executive compensation and performance, may not be required[127]. - The company is classified as a smaller reporting company, which exempts it from certain market risk disclosures[128]. Non-Operating Income - The company plans to generate non-operating income from interest on marketable securities held after the IPO[105]. - The company has no off-balance sheet arrangements or contractual obligations as of April 30, 2025[125].

As filed with the U.S. Securities and Exchange Commission on May 20, 2025. Registration No. 333-286452 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Amendment No 3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PELICAN ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or Other Jurisdiction ...

As filed with the U.S. Securities and Exchange Commission on May 2, 2025. REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PELICAN ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Registration No. 333-286452 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 Amendment No 2 1185 Avenue of the Americas, Suite 304 New York, NY 10036 Telephone: (212) 612-1400 Cayman Islands 6770 N/A (State or Other Jurisdiction of Incorporation or Organization) ...

As filed with the U.S. Securities and Exchange Commission on April 30, 2025. Registration No. 333-286452 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 Amendment No 1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PELICAN ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identif ...

As filed with the U.S. Securities and Exchange Commission on April 9, 2025. Registration No. 333-[*] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PELICAN ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 118 ...