Merus Global (PELI) reports 633,558 shares, 5.3% stake

Rhea-AI Filing Summary

Pelican Acquisition Corporation beneficial ownership filing shows Merus Global Investments, LLC beneficially owns 633,558 Ordinary Shares, representing 5.3% of the class based on 11,998,750 shares outstanding as of December 19, 2025.

The filing states Merus has sole voting and sole dispositive power over all 633,558 shares. The signature block is by the filer’s General Counsel.

Insights

Corporate Governance Analyst

Merus holds a disclosed 5.3% stake with full voting and dispositive power.

The filing identifies 633,558 ordinary shares and cites an outstanding share base of 11,998,750 as of December 19, 2025, giving Merus a 5.3% position. The filing attributes sole voting and sole dispositive power to Merus, indicating direct control over voting decisions for these shares.

Holder activity and intentions are not specified; subsequent disclosures would show any changes in ownership or planned transactions. Timing and cash‑flow treatment are not described in the provided excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Pelican Acquisition Corporation

(Name of Issuer)

Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

02/26/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP Number(s):

1

Names of Reporting Persons

Merus Global Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 633,558.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 633,558.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

633,558.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to Row 11: Calculated based on the 11,998,750 Ordinary Shares, par value $0.0001 per share, of Pelican Acquisition Corporation (the "Issuer") outstanding as of December 19, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pelican Acquisition Corporation
(b)	Address of issuer's principal executive offices: 1185 Avenue of the Americas, Suite 301, New York, NY, 10036
Item 2.
(a)	Name of person filing: Merus Global Investments, LLC
(b)	Address or principal business office or, if none, residence: 3 Park Ave, Suite 2900, New York, NY 10016
(c)	Citizenship: DE
(d)	Title of class of securities: Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G6993G103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 633,558
(b)	Percent of class: 5.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 633,558
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 633,558
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Merus Global Investments, LLC

Signature:	/s/ Amrita M. Mahabaleswara
Name/Title:	Amrita M. Mahabaleswara, General Counsel and Head of Compliance
Date:	03/04/2026

FAQ

What stake does Merus Global hold in Pelican Acquisition (PELI)?

Merus Global Investments, LLC beneficially owns 633,558 shares, representing 5.3% of Pelican Acquisition based on December 19, 2025. The percentage is calculated from 11,998,750 shares outstanding reported as of that date.

Does Merus Global have voting control over its Pelican Acquisition shares?

Yes. The filing states Merus Global has sole voting power and sole dispositive power over all 633,558 shares, meaning it can vote and direct disposition for those shares.

How was the 5.3% ownership percentage calculated for PELI?

The 5.3% figure is based on 11,998,750 Ordinary Shares outstanding as of December 19, 2025, per the issuer's reported outstanding share count used in the filing's note.

Who filed the Schedule 13G for Pelican Acquisition on behalf of Merus?

The Schedule 13G was signed by Amrita M. Mahabaleswara, identified as General Counsel and Head of Compliance for the filing entity representing Merus Global Investments, LLC.

Does the filing state whether Merus plans to buy or sell more PELI shares?

No. The filing discloses the current beneficial ownership and voting/dispositive powers but does not state any intentions to acquire or dispose of additional shares or outline any planned transactions.