Core Viewpoint - Pelican Acquisition Corporation has entered into a non-binding letter of intent with Greenland Exploration Limited to explore a potential business combination, focusing on strategic energy assets in North America [1][2][4] Company Overview - Pelican Acquisition Corporation is a special purpose acquisition company formed to effect mergers, share exchanges, and similar business combinations without being limited to any particular industry or geographic region [10] - Greenland Exploration Limited is a Texas-based entity focused on developing strategic interests in North American energy assets, aiming to deliver long-term shareholder value [7] Transaction Details - The proposed transaction involves a share-for-share exchange where Pelican would acquire 100% of the issued and outstanding equity of Greenland Exploration, with an exchange ratio of one Pelican share for each GEL common share, resulting in the issuance of 21.5 million shares of Pelican [3] - Greenland Exploration has an agreement to invest up to $70 million in the Jameson Land Basin, which has seen over $200 million invested by major oil companies to develop oil reserves [2][3] Strategic Importance - The Jameson Land Basin is estimated to contain approximately 31.4 billion barrels of oil equivalent, making it a significant opportunity for energy development [2] - The transaction is seen as a unique opportunity for Pelican's shareholders, especially given recent U.S. designations of Greenland as a strategic defensive location [2][4] Negotiation and Advisory - The letter of intent includes a 30-day exclusive negotiation period for the parties to work towards a definitive agreement, subject to due diligence and approvals [4] - ThinkEquity is advising Greenland Exploration, while EarlyBirdCapital is advising Pelican on the transaction [5]

Group 1 - Pelican Acquisition Corporation announced that holders of its 8,625,000 units from the initial public offering can separately trade the ordinary shares and rights starting on or about June 12, 2025 [1][2] - The units that are not separated will continue to trade on the Nasdaq under the symbol "PELIU," while the separated ordinary shares and rights are expected to trade under the symbols "PELI" and "PELIR," respectively [2] - The company is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, without limitations on industry or geographic region [4]

Core Points - Pelican Acquisition Corporation has priced its initial public offering (IPO) of 7,500,000 units at $10.00 per unit, with trading commencing on May 23, 2025 [1] - Each unit consists of one ordinary share and one right, with each right entitling the holder to receive one-tenth of an ordinary share upon the completion of a business combination [1] - The offering is expected to close on May 27, 2025, subject to customary closing conditions [3] Company Overview - Pelican Acquisition Corporation is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [6] - The company's search for a prospective target business is not limited to a specific industry or geographic region [6] Underwriting and Regulatory Information - EarlyBirdCapital, Inc. is the sole book-running manager, while IB Capital LLC is acting as co-manager and qualified independent underwriter [3] - The underwriters have a 45-day option to purchase an additional 1,125,000 units to cover over-allotments [3] - A registration statement for these securities was declared effective by the Securities and Exchange Commission on May 22, 2025 [4]

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 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 ...