Pelican Acquisition Corp (PELI) details brief delay in quarterly 10-Q filing

Rhea-AI Filing Summary

Pelican Acquisition Corporation disclosed that it will not file its Quarterly Report on Form 10-Q for the three-month period ended October 31, 2025 by the normal deadline. The company states that filing on time would require unreasonable effort or expense because it needs additional time to complete preparation and review of certain disclosures and analyses for the report.

Under SEC Rule 12b-25, Pelican Acquisition Corporation says it expects to submit the delayed Form 10-Q on or before the fifth calendar day after the original due date. This notice explains the reason and timing of the short delay but does not include any financial results for the quarter.

Insights

Equity research analyst

Pelican reports a short, process-driven delay in filing its quarterly 10-Q.

Pelican Acquisition Corporation has filed a notice that its Form 10-Q for the three-month period ended October 31, 2025 will be late. The company cites the need for additional time to complete preparation and review of certain disclosures and analyses, and says meeting the original deadline would require unreasonable effort or expense.

The company also states that, consistent with SEC Rule 12b-25, it expects to file the 10-Q within the five-day extension allowed for quarterly reports. The notice does not provide any financial figures or commentary on results, so the investment impact depends on what is ultimately reported once the Form 10-Q is filed.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check one): ☐ Form 10-K   ☐ Form 20-F   ☐ Form 11-K   ☒ Form 10-Q   ☐ Form 10-D   ☐ Form N- SAR   ☐ Form N-CSR

For Period Ended: October 31, 2025

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

☐ Transition Report on Form N-SAR

For the Transition Period Ended: __________________________

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I — REGISTRANT INFORMATION

Pelican Acquisition Corporation

Full Name of Registrant

Former Name if Applicable

1185 Avenue of the Americas, Suite 304

Address of Principal Executive Office (Street and Number)

New York, NY 10036

City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

☒		(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
		(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
		(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Company is unable to file its Quarterly Report on Form 10-Q for the three-month period ended October 31, 2025, by the prescribed due date, without unreasonable effort or expense, because the Company requires additional time to complete the preparation and review of certain disclosures and analyses to be included in the Report.

In accordance with Rule 12b-25 promulgated under the Securities Exchange Act of 1934, as amended, the Company expects to file the Report on or prior to the fifth (5^th) calendar day following the prescribed due date.

PART IV — OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

	Robert Labbe		+1		(212) 612-1400
	(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
	☒ Yes   ☐ No
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
	☐ Yes   ☒ No
	If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

2

Pelican Acquisition Corporation

(Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date	December 15, 2025		By:	/s/ Robert Labbe
				Robert Labbe
			Title:	Chief Executive Officer

3

FAQ

What did Pelican Acquisition Corporation (PELI) disclose in this notice?

Pelican Acquisition Corporation disclosed that it will not file its Quarterly Report on Form 10-Q by the prescribed due date and has formally notified the SEC of this delay under Rule 12b-25.

Which period does Pelican Acquisition Corporation's delayed Form 10-Q cover?

The delayed Form 10-Q relates to Pelican Acquisition Corporation's quarterly report for the three-month period ended October 31, 2025.

Why is Pelican Acquisition Corporation delaying its Form 10-Q filing?

The company states that it needs additional time to complete the preparation and review of certain disclosures and analyses to be included in the report, and that filing by the deadline would require unreasonable effort or expense.

When does Pelican Acquisition Corporation expect to file the delayed Form 10-Q?

Pelican Acquisition Corporation says it expects to file the Form 10-Q on or prior to the fifth calendar day following the prescribed due date, as permitted by SEC Rule 12b-25 for quarterly reports.

Who signed the late-filing notification for Pelican Acquisition Corporation (PELI)?

The notification was signed on behalf of Pelican Acquisition Corporation by Robert Labbe, the company’s Chief Executive Officer.