Pelican Acquisition Corp (NASDAQ: PELI) removed from Nasdaq listing

Rhea-AI Filing Summary

Pelican Acquisition Corp notified Nasdaq of a removal from listing and/or withdrawal of registration for its ordinary share; right; unit classes. Nasdaq certifies it has complied with the strike/withdrawal rules and the issuer attests it complied with Exchange requirements. The notice is signed on behalf of Nasdaq by Tara Petta, AVP.

Insights

Corporate Governance Analyst

Delisting/withdrawal recorded; exchange and issuer certify procedural compliance.

The notice states Nasdaq has taken action to strike the listed classes and that the issuer complied with Exchange rules governing voluntary withdrawal. This reflects a procedural delisting/withdrawal under Rule 12d2-2.

Timing and market-trading consequences are not provided in the excerpt; subsequent filings or exchange notices will state effective dates and post-delisting arrangements.

Exchange Compliance Specialist

Form 25 used to formalize removal from listing under Section 12(b).

The form cites 17 CFR 240.12d2-2 subsections and certifies Nasdaq followed its rules for striking the class of securities. The issuer also affirms compliance with exchange requirements for voluntary withdrawal.

Key dependencies include any effective-date language or further exchange confirmation, which are not included in the provided excerpt.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-42666

Issuer:	Pelican Acquisition Corp
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	1185 6th Avenue, Suite 304
	New York	NEW YORK	10044
Telephone number:					2,126,121,400

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

ordinary share; right; unit

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-03-25	By	Tara Petta		AVP
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Pelican Acquisition Corp's Form 25 filing mean for PELI shareholders?

It formally records Nasdaq's action to remove certain classes of Pelican Acquisition Corp securities from listing. The filing certifies procedural compliance by Nasdaq and the issuer; subsequent notices will state any effective date and trading arrangements.

Which security classes does the Form 25 reference for Pelican Acquisition Corp (PELI)?

The filing references ordinary share; right; unit classes. Nasdaq's notice states those classes are being struck from listing and/or withdrawn from registration under Section 12(b).

Who signed the Nasdaq Form 25 notification for Pelican Acquisition Corp?

The Form 25 notification is signed on Nasdaq's behalf by Tara Petta, AVP. The filing includes Nasdaq's certification that it has reasonable grounds to file the Form 25.

Does the Form 25 state when the delisting or withdrawal becomes effective for PELI?

The provided excerpt does not include an effective date. The filing certifies compliance with 17 CFR 240.12d2-2, but the effective timing must be confirmed in subsequent exchange communications.

What regulatory rule does Nasdaq cite in the Form 25 for Pelican Acquisition Corp?

Nasdaq cites 17 CFR 240.12d2-2 and its subsections as the basis for striking the class of securities from listing and/or withdrawing registration under Section 12(b).