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[425] Pelican Acquisition Corp Business Combination Communication

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Rhea-AI Filing Summary

Pelican Acquisition Corporation (PELI) furnished an Investor Presentation as Exhibit 99.1 to a Form 8-K under Item 7.01 in connection with a proposed business combination involving Greenland Exploration Limited, March GL, and PubCo (the Greenland Energy Company). The presentation may be used at investor meetings and is incorporated by reference into Item 7.01.

Pelican plans to file a Form S-4 registration statement that will include a proxy statement/prospectus; after effectiveness, Pelican will mail the definitive proxy statement/prospectus to shareholders for voting at the Pelican Shareholder Meeting. The information is furnished, not filed, is subject to forward-looking statement disclaimers, and does not constitute an offer or solicitation. The filing outlines risks that could affect completion, including shareholder approvals, redemptions, listing of PubCo shares, potential delays or termination, regulatory proceedings, and costs related to the business combination.

Pelican Acquisition Corporation (PELI) ha fornito una Presentazione per gli investitori come Allegato 99.1 a un Form 8-K sotto la Voce 7.01 in relazione a una prevista operazione di fusione/acquisizione che coinvolge Greenland Exploration Limited, March GL e PubCo (la Greenland Energy Company). La presentazione può essere utilizzata durante riunioni con gli investitori ed è incorporata per riferimento nella Voce 7.01.

Pelican prevede di depositare una dichiarazione di registrazione Form S-4 che includerà una proxy statement/prospectus; dopo l’efficacia, Pelican invierà per posta la proxy statement/prospectus definitiva agli azionisti per votare all’Assemblea degli Azionisti di Pelican. L’informazione è fornita, non depositata, è soggetta a disclaimers su dichiarazioni previsionali e non costituisce un’offerta o una sollecitazione. Il deposito descrive rischi che potrebbero influire sul completamento, tra cui approvazioni azionisti, riscatti, quotazione delle azioni PubCo, potenziali ritardi o terminazioni, procedure regolamentari e costi legati alla fusione/operazione.

Pelican Acquisition Corporation (PELI) proporcionó una Presentación para Inversores como el Anexo 99.1 a un Formulario 8-K bajo el Artículo 7.01 en relación con una combinación de negocios propuesta que involucra a Greenland Exploration Limited, March GL y PubCo (la Greenland Energy Company). La presentación puede utilizarse en reuniones con inversores y está incorporada por referencia en el Artículo 7.01.

Pelican planea presentar una solicitud de registro Form S-4 que incluirá un proxy statement/prospectus; tras la eficacia, Pelican enviará por correo el proxy statement/prospectus definitivo a los accionistas para votar en la Reunión de Accionistas de Pelican. La información es confeccionada, no presentada, está sujeta a avisos de declaraciones prospectivas y no constituye una oferta o solicitación. La presentación describe riesgos que podrían afectar el cierre, incluyendo aprobaciones de accionistas, redenciones, listado de las acciones de PubCo, posibles retrasos o terminaciones, procedimientos regulatorios y costos relacionados con la combinación de negocios.

Pelican Acquisition Corporation (PELI)은 제안된 비즈니스 결합과 관련하여 Greenland Exploration Limited, March GL 및 PubCo(그린랜드 에너지 컴퍼니)와 관련된 Item 7.01 아래 Form 8-K의 부록 99.1로 Investor Presentation을 제공했습니다. 이 프리젠테이션은 투자자 미팅에서 사용할 수 있으며 Item 7.01에 참조로 포함되어 있습니다.

Pelican은 Form S-4 등록 서류를 제출할 계획이며 그 안에 의결권 통지서/공개설명서(proxy statement/prospectus)가 포함될 것입니다; 효력이 발생한 후 Pelican은 Pelican 주주총회에서 의결을 위한 확정 의결권 통지서/공개설명서를 주주들에게 우편으로 보낼 예정입니다. 이 정보는 공시된 것이 아니라 제공된 것이며, 향후 예측 진술에 대한 면책 고지가 적용되고 제안이나 권유를 구성하지 않습니다. 제출서는 주주 승인의 필요성, 상환, PubCo 주식의 상장, 지연 또는 해지 가능성, 규제 절차 및 비즈니스 결합과 관련된 비용 등 종료에 영향을 줄 수 있는 위험 요인을 개략적으로 제시합니다.

Pelican Acquisition Corporation (PELI) a fourni une présentation aux investisseurs en tant qu’Annexe 99.1 à un Formulaire 8-K sous l’Item 7.01 dans le cadre d’une opération de fusion- acquisition proposée impliquant Greenland Exploration Limited, March GL et PubCo (la Greenland Energy Company). La présentation peut être utilisée lors de réunions avec les investisseurs et est incorporée par référence dans l’Item 7.01.

Pelican prévoit de déposer une dénoncio d’enregistrement Form S-4 qui comprendra un proxy statement/prospectus; après l’entrée en vigueur, Pelican enverra par courrier le proxy statement/prospectus définitif aux actionnaires pour voter lors de l’Assemblée des actionnaires de Pelican. L’information est fournie, non déposée, est soumise à des avertissements relatifs aux déclarations prospectives et ne constitue pas une offre ou une sollicitation. Le dépôt décrit des risques susceptibles d’affecter la finalisation, notamment les approbations des actionnaires, les rachats, la cotation des actions PubCo, les retards ou résiliations potentiels, les procédures réglementaires et les coûts liés à la fusion-acquisition.

Pelican Acquisition Corporation (PELI) hat den Investoren eine Präsentation als Exhibit 99.1 zu einem Form 8-K unter Position 7.01 im Zusammenhang mit einer vorgeschlagenen Geschäftsverbindung zwischen Greenland Exploration Limited, March GL und PubCo (das Greenland Energy Company) zur Verfügung gestellt. Die Präsentation kann bei Investorenmeetings verwendet werden und ist in Position 7.01 durch Bezug aufgenommen.

Pelican plant, eine Form S-4 Registrierungserklärung einzureichen, die eine Proxy Statement/Prospectus enthalten wird; nach Wirksamwerden wird Pelican den endgültigen Proxy Statement/Prospectus an die Aktionäre zur Abstimmung auf der Pelican-Hauptversammlung versenden. Die Informationen sind zur Verfügung gestellt, nicht eingereicht, unterliegen Hinweisen zu zukunftsgerichteten Aussagen und stellen kein Angebot oder Aufforderung dar. Die Einreichung skizziert Risiken, die den Abschluss beeinflussen könnten, einschließlich der Zustimmung der Aktionäre, Rückkäufen, Börsennotierung der PubCo-Aktien, potenzieller Verzögerungen oder Beendigungen, regulatorischer Verfahren und Kosten im Zusammenhang mit der Geschäftsverbindung.

Pelican Acquisition Corporation (PELI) قدمت عرضاً للمستثمرين كملف 99.1 المرفق بنموذج 8-K تحت البند 7.01 فيما يتعلق بعملية اندماج تجاري مقترح يشمل Greenland Exploration Limited، March GL وPubCo (شركة Greenland Energy). يمكن استخدام العرض في اجتماعات المستثمرين وهو مدمج بالإشارة ضمن البند 7.01.

تخطط Pelican لتقديم تصريح تسجيل Form S-4 الذي سيشمل بيان التفويض/الشرح؛ بعد أن يسري مفعولها، ستقوم Pelican بإرسال البيان النهائي للمفوض/البيان إلى المساهمين للتصويت في اجتماع مساهمي Pelican. المعلومات هي مقدمة، وليست مُسجلة، وتخضع لإشعارات حول البيانات المستقبلية، ولا تشكل عرضاً أو طلباً. يوضح الملف مخاطر قد تؤثر على الإتمام، بما في ذلك موافقات المساهمين، الاستردادات، إدراج أسهم PubCo، التأخيرات أو الإنهاءات المحتملة، الإجراءات التنظيمية، والتكاليف المرتبطة بالاندماج التجاري.

Pelican Acquisition Corporation (PELI) 在一份投资者披露中作为 Exhibit 99.1 向 Form 8-K 的 Item 7.01 提供，涉及 Greenland Exploration Limited、March GL 和 PubCo（Greenland Energy Company）的拟议商业合并。该披露可在投资者会议上使用，且被通过引用方式并入 Item 7.01。

Pelican 计划提交一个 Form S-4 登记声明，其中将包含一份代理声明/招股说明书；在生效后，Pelican 将把最终的代理声明/招股说明书邮寄给股东，以便在 Pelican 股东大会上投票。该信息为 提供而非提交，并受前瞻性声明免责声明约束，不构成要约或招揽。该披露概述了可能影响完成的风险，包括股东批准、赎回、PubCo 股票上市、潜在延迟或终止、监管程序以及与此次商业合并相关的成本。

Positive
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Negative
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Insights

Furnished investor deck for a proposed SPAC business combination; no deal terms or approvals disclosed. Monitor S-4 effectiveness, vote timing, redemptions, and listing.

Pelican Acquisition Corporation furnished an Investor Presentation about a proposed Business Combination among Pelican, Greenland Exploration Limited, and March GL, with a new public company, PubCo. The disclosure is under Item 7.01, meaning it is furnished, not filed, and carries no Section 18 liability. It signals ongoing transaction communications but provides no economic terms or conditions.

The filing outlines a planned Form S-4 registration statement with a proxy/prospectus for a shareholder vote. It lists extensive risks: completion by the SPAC deadline, potential termination of agreements, required shareholder approvals, possible litigation, listing of PubCo, transaction costs, management/board composition, and the level of public shareholder redemptions. It also notes forward-looking statements and cautions against undue reliance.

Key watch items are the S-4 filing and effectiveness, the record date and timing of the Pelican shareholder meeting, exchange listing confirmation at closing, any extension approvals before the deadline, and the actual redemption levels. The Investor Presentation is dated October 17, 2025; until definitive terms appear in the S-4, the disclosure is informational rather than determinative.

Pelican Acquisition Corporation (PELI) ha fornito una Presentazione per gli investitori come Allegato 99.1 a un Form 8-K sotto la Voce 7.01 in relazione a una prevista operazione di fusione/acquisizione che coinvolge Greenland Exploration Limited, March GL e PubCo (la Greenland Energy Company). La presentazione può essere utilizzata durante riunioni con gli investitori ed è incorporata per riferimento nella Voce 7.01.

Pelican prevede di depositare una dichiarazione di registrazione Form S-4 che includerà una proxy statement/prospectus; dopo l’efficacia, Pelican invierà per posta la proxy statement/prospectus definitiva agli azionisti per votare all’Assemblea degli Azionisti di Pelican. L’informazione è fornita, non depositata, è soggetta a disclaimers su dichiarazioni previsionali e non costituisce un’offerta o una sollecitazione. Il deposito descrive rischi che potrebbero influire sul completamento, tra cui approvazioni azionisti, riscatti, quotazione delle azioni PubCo, potenziali ritardi o terminazioni, procedure regolamentari e costi legati alla fusione/operazione.

Pelican Acquisition Corporation (PELI) proporcionó una Presentación para Inversores como el Anexo 99.1 a un Formulario 8-K bajo el Artículo 7.01 en relación con una combinación de negocios propuesta que involucra a Greenland Exploration Limited, March GL y PubCo (la Greenland Energy Company). La presentación puede utilizarse en reuniones con inversores y está incorporada por referencia en el Artículo 7.01.

Pelican planea presentar una solicitud de registro Form S-4 que incluirá un proxy statement/prospectus; tras la eficacia, Pelican enviará por correo el proxy statement/prospectus definitivo a los accionistas para votar en la Reunión de Accionistas de Pelican. La información es confeccionada, no presentada, está sujeta a avisos de declaraciones prospectivas y no constituye una oferta o solicitación. La presentación describe riesgos que podrían afectar el cierre, incluyendo aprobaciones de accionistas, redenciones, listado de las acciones de PubCo, posibles retrasos o terminaciones, procedimientos regulatorios y costos relacionados con la combinación de negocios.

Pelican Acquisition Corporation (PELI)은 제안된 비즈니스 결합과 관련하여 Greenland Exploration Limited, March GL 및 PubCo(그린랜드 에너지 컴퍼니)와 관련된 Item 7.01 아래 Form 8-K의 부록 99.1로 Investor Presentation을 제공했습니다. 이 프리젠테이션은 투자자 미팅에서 사용할 수 있으며 Item 7.01에 참조로 포함되어 있습니다.

Pelican은 Form S-4 등록 서류를 제출할 계획이며 그 안에 의결권 통지서/공개설명서(proxy statement/prospectus)가 포함될 것입니다; 효력이 발생한 후 Pelican은 Pelican 주주총회에서 의결을 위한 확정 의결권 통지서/공개설명서를 주주들에게 우편으로 보낼 예정입니다. 이 정보는 공시된 것이 아니라 제공된 것이며, 향후 예측 진술에 대한 면책 고지가 적용되고 제안이나 권유를 구성하지 않습니다. 제출서는 주주 승인의 필요성, 상환, PubCo 주식의 상장, 지연 또는 해지 가능성, 규제 절차 및 비즈니스 결합과 관련된 비용 등 종료에 영향을 줄 수 있는 위험 요인을 개략적으로 제시합니다.

Pelican Acquisition Corporation (PELI) a fourni une présentation aux investisseurs en tant qu’Annexe 99.1 à un Formulaire 8-K sous l’Item 7.01 dans le cadre d’une opération de fusion- acquisition proposée impliquant Greenland Exploration Limited, March GL et PubCo (la Greenland Energy Company). La présentation peut être utilisée lors de réunions avec les investisseurs et est incorporée par référence dans l’Item 7.01.

Pelican prévoit de déposer une dénoncio d’enregistrement Form S-4 qui comprendra un proxy statement/prospectus; après l’entrée en vigueur, Pelican enverra par courrier le proxy statement/prospectus définitif aux actionnaires pour voter lors de l’Assemblée des actionnaires de Pelican. L’information est fournie, non déposée, est soumise à des avertissements relatifs aux déclarations prospectives et ne constitue pas une offre ou une sollicitation. Le dépôt décrit des risques susceptibles d’affecter la finalisation, notamment les approbations des actionnaires, les rachats, la cotation des actions PubCo, les retards ou résiliations potentiels, les procédures réglementaires et les coûts liés à la fusion-acquisition.

Pelican Acquisition Corporation (PELI) hat den Investoren eine Präsentation als Exhibit 99.1 zu einem Form 8-K unter Position 7.01 im Zusammenhang mit einer vorgeschlagenen Geschäftsverbindung zwischen Greenland Exploration Limited, March GL und PubCo (das Greenland Energy Company) zur Verfügung gestellt. Die Präsentation kann bei Investorenmeetings verwendet werden und ist in Position 7.01 durch Bezug aufgenommen.

Pelican plant, eine Form S-4 Registrierungserklärung einzureichen, die eine Proxy Statement/Prospectus enthalten wird; nach Wirksamwerden wird Pelican den endgültigen Proxy Statement/Prospectus an die Aktionäre zur Abstimmung auf der Pelican-Hauptversammlung versenden. Die Informationen sind zur Verfügung gestellt, nicht eingereicht, unterliegen Hinweisen zu zukunftsgerichteten Aussagen und stellen kein Angebot oder Aufforderung dar. Die Einreichung skizziert Risiken, die den Abschluss beeinflussen könnten, einschließlich der Zustimmung der Aktionäre, Rückkäufen, Börsennotierung der PubCo-Aktien, potenzieller Verzögerungen oder Beendigungen, regulatorischer Verfahren und Kosten im Zusammenhang mit der Geschäftsverbindung.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 17, 2025

 

Pelican Acquisition Corporation

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42666   00-0000000 N/A
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

1185 Avenue of the Americas, Suite 349

New York, NY

 10036
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (212) 612-1400

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

 

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
Units, each consisting of one ordinary share and one right   PELIU   The Nasdaq Stock Market LLC
Ordinary shares, par value $0.0001 per share   PELI   The Nasdaq Stock Market LLC
Rights, each right entitling the holder to receive one-tenth of one ordinary share   PELIR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01Regulation FD Disclosure

 

Pelican Acquisition Corporation (hereinafter, “PELI,” “Pelican,” or the “Company”) is furnishing this Current Report on Form 8-K in connection with the disclosure of certain information about the Company and the March GL Company (“March GL”) in the form of an Investor Presentation, which the Company, March GL, and other related parties may reference, from time to time, at investor meetings. A copy of the Investor Presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference.

 

The information contained in the Investor Presentation is summary information intended to be considered in the context of the Company’s SEC filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Investor Presentation speaks only as of the date of this Current Report on Form 8-K. The Company undertakes no duty or obligation to publicly update or revise the information included in the Investor Presentation, although it may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or other public disclosure. In addition, the exhibit furnished herewith contains statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth in such exhibit. By furnishing the information contained in the Investor Presentation, the Company makes no admission as to the materiality of any information in the Investor Presentation that is required to be disclosed solely by reason of Regulation FD.

 

The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into filings of Pelican under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed as an admission as to the materiality of any information in this Item 7.01, including Exhibit 99.1.

 

Additional Information About the Business Combination and Where to Find It

 

In connection with the Business Combination, Pelican intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (the “Registration Statement”), which will include a preliminary proxy statement/prospectus of Pelican and after the Registration Statement is declared effective, Pelican will mail the definitive proxy statement/prospectus relating to the Business Combination to Pelican’s shareholders as of the respective record dates to be established for voting on the Business Combination. The Registration Statement, including the proxy statement/prospectus contained therein, will contain important information about the Business Combination and the other matters to be voted upon at a meeting of the Pelican shareholders (the “Pelican Shareholder Meeting”). This Current Report on Form 8-K does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide a basis for any investment decision or any other decision in respect of such matters. Pelican, Greenland Exploration Limited (“Greenland”), March GL, or Pelican Holdco, Inc. (“PubCo”) may also file other documents with the SEC regarding the Business Combination. Pelican’s shareholders and other interested persons are advised to read, when available, the Registration Statement, including the preliminary proxy statement/prospectus contained therein, the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the Business Combination, as these materials will contain important information about Pelican, Greenland, March GL, PubCo, and the Business Combination.

 

Pelican’s shareholders and other interested persons will be able to obtain copies of the Registration Statement, including the preliminary proxy statement/prospectus contained therein, the definitive proxy statement/prospectus and other documents filed or that will be filed with the SEC, free of charge, by Pelican, Greenland, March GL, and PubCo through the website maintained by the SEC at www.sec.gov.

 

Participants in the Solicitation

 

Pelican, Greenland, March GL, PubCo, and their respective directors and officers may be deemed participants in the solicitation of proxies of Pelican shareholders in connection with the Business Combination. More detailed information regarding the directors and officers of Pelican, and a description of their interests in Pelican is contained in Pelican’s filings with the SEC, including its Quarterly Report on Form 10-Q for the fiscal quarters ended July 31, 2025, which was filed with the SEC on September 15, 2025, April 30, 2025, which was filed with the SEC on June 27, 2025, and the initial business combination offering filed on Form S-1, and effective as of May 22, 2025, which are available free of charge at the SEC’s website at www.sec.gov. Information regarding the persons who may, under the SEC rules, be deemed participants in the solicitation of proxies of Pelican’s shareholders and other interested persons in connection with the Business Combination and other matters to be voted upon at the Pelican Shareholders Meeting will be set forth in the Registration Statement for the Business Combination when available.

 

1

 

 

Forward-Looking Statements

 

This Current Report on Form 8-K includes certain statements that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, but are not limited to, statements about Pelican, Greenland, and March GL’s ability to effectuate the Business Combination discussed in this document; the benefits of the Business Combination; the future financial performance of PubCo (defined as the Greenland Energy Company, which will be the go-forward public company following the completion of the Business Combination) following the contemplated transactions; changes in the parties’ strategy; future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on information available as of the date of this document, and current expectations, forecasts and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing Pelican’s, Greenland’s, March GL’s, or PubCo’s views as of any subsequent date, and none of Pelican, Greenland, March GL, and PubCo undertakes any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Neither Pelican nor PubCo gives any assurance that either Pelican or PubCo will achieve its business expectations. Therefore, you should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, PubCo’s actual result or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the timing to complete the Business Combination by Pelican’s business combination deadline, including after approval of applicable extensions and the potential failure to obtain such extension(s) of the business combination by the deadline if sought by Pelican; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements relating to the Business Combination, (iii) the outcome of any legal, regulatory, or governmental proceedings that may be instituted against Pelican, Greenland, March GL, or PubCo or any investigation or inquiry following announcement of the Business Combination, including in connection with the Business Combination; (iv) the inability to complete the Business Combination due to the failure to obtain approval of Pelican’s shareholders or other interested persons; (v) Greenland, March GL, and PubCo’s success in retaining or recruiting, or changes required in its officers, key employees or directors, following the Business Combination; (vi) the ability of the parties to obtain the listing of the PubCo’s common stock on a national securities exchange upon the date of closing of the Business Combination; (vii) the risk that the Business Combination disrupts current plans and operations of Greenland or March GL; (viii) the ability to recognize the anticipated benefits of the Business Combination; (ix) the unexpected costs related to the Business Combination; (x) the amount of redemptions by the Pelican public shareholders being greater than expected; (xi) the management and board composition of PubCo following the Business Combination; (xii) limited liquidity and trading of PubCo’s securities following completion of the Business Combination; (xiii) changes in domestic and foreign business, market, financial, political, and legal conditions, including March GL’s expectations of receiving extensions on applicable licenses, (xiv) the possibility that Pelican, Greenland, or March GL may be adversely affected by other economic, business, and/or competitive factors; (xv) operational risks; (xvi) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on Pelican, Greenland, or March GL’s resources; (xvii) the risk that the consummation of the Business Combination is substantially delayed or does not occur; and (xviii) other risks and uncertainties indicated from time to time in the Registration Statement, including those under “Risk Factors” therein, and in other filings of Pelican with the SEC.

 

No Offer or Solicitation

 

This Current Report on Form 8-K relates to a Business Combination between Pelican, Greenland, and March GL. This document does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there by any offer, sale or exchange of securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therein.

 

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Item 9.01Financial Statements and Exhibits

 

Exhibit No.   Description
99.1   Investor Presentation, dated October 17, 2025
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  PELICAN ACQUISITION CORPORATION
     
Dated: October 20, 2025 By: /s/ Robert Labbé
  Name: Robert Labbé
    Chief Executive Officer

 

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Source: View Original Filing on SEC EDGAR

FAQ

What did Pelican Acquisition (PELI) announce in this 8-K?

Pelican furnished an Investor Presentation as Exhibit 99.1 under Item 7.01 related to a proposed business combination with Greenland and March GL.

Who are the parties to PELI’s proposed business combination?

The transaction involves Pelican, Greenland Exploration Limited (Greenland), March GL, and PubCo (the Greenland Energy Company).

Will Pelican file a proxy/prospectus for the deal?

Yes. Pelican intends to file a Form S-4 containing a preliminary proxy statement/prospectus. After effectiveness, a definitive proxy/prospectus will be mailed to shareholders.

Is the information in Exhibit 99.1 deemed filed under Section 18?

No. The information is furnished, not filed, and is not subject to Section 18 liabilities or incorporated by reference into other filings.

Does this 8-K constitute an offer to sell securities?

No. It expressly states no offer or solicitation. Any offering would only be made by a prospectus meeting Section 10 of the Securities Act or an exemption.

What are key risks noted for completing the business combination?

Risks include shareholder approvals, high redemptions, exchange listing for PubCo, possible delays or termination, regulatory proceedings, and transaction costs.

What are Pelican’s trading symbols and listings?

Units: PELIU; Ordinary shares: PELI; Rights: PELIR; all listed on The Nasdaq Stock Market LLC.
Stock PELI logo
PELICAN ACQUISITION CORP

NASDAQ:PELI

PELI Rankings

#4730 Ranked by Market Cap
N/A Ranked by Dividends

PELI Latest News

Sep 10, 2025
Pelican Acquisition Corporation (NASDAQ: PELI) Announces Definitive Merger Agreement with Greenland Exploration Limited and March GL Company, with the combined company to be named Greenland Energy Company
Jun 23, 2025
Pelican Acquisition Corporation Signs Letter of Intent to Acquire Greenland Exploration Limited
Jun 10, 2025
Pelican Acquisition Corporation Announces the Separate Trading of its Ordinary Shares and Rights
May 30, 2025
Pelican Acquisition Corporation Announces Closing of Full Underwriters’ Over-Allotment Option in connection with its Initial Public Offering
May 27, 2025
Pelican Acquisition Corporation Announces Closing of $75,000,000 Initial Public Offering

PELI Latest SEC Filings

Oct 22, 2025
[425] Pelican Acquisition Corp Business Combination Communication
Oct 20, 2025
[8-K] Pelican Acquisition Corp Reports Material Event
Sep 15, 2025
[10-Q] Pelican Acquisition Corp Quarterly Earnings Report

PELI Stock Data

121.31M
11.80M
20.84%
55.97%
0.05%
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