UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended October 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42666 Pelican Acquisition Corporation (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42666 Pelican Acquisition Corporation (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) For the quarter ended July 31, 2025 ☐ TRANSITION REPORT ...

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 ...