Welcome to our dedicated page for Pelican Acquisition SEC filings (Ticker: PELIU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Pelican Acquisition Corporation (PELIU) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a special purpose acquisition company. As a blank check company listed on the Nasdaq Global Market, Pelican reports key corporate and transactional events through filings with the U.S. Securities and Exchange Commission, including registration statements and current reports.
Among the most significant filings is Pelican’s Current Report on Form 8-K describing its entry into an Agreement and Plan of Merger with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company. This filing outlines the planned domestication of Pelican from a Cayman Islands exempted company to a Texas corporation, the structure of the mergers with Greenland Exploration and March GL, the share consideration to be issued by Holdco, and the conditions required to close the Business Combination. It also details related agreements such as support agreements, lock-up agreements, and a non-competition and non-solicitation agreement.
Pelican’s filings also identify the securities registered under Section 12(b) of the Exchange Act, including units (PELIU), ordinary shares (PELI), and rights (PELIR), and describe how these securities will be treated in connection with the Business Combination and shareholder redemption rights. Future filings are expected to include a Registration Statement on Form S-4 for Pelican Holdco, Inc., which will contain a proxy statement/prospectus for Pelican shareholders regarding the proposed Greenland Energy Company transaction.
On Stock Titan, these filings are updated from the SEC’s EDGAR system and paired with AI-powered summaries. The AI analysis is designed to highlight the core terms of Pelican’s merger agreements, domestication steps, listing requirements, and closing conditions, helping readers navigate complex documents such as 8-Ks and registration statements more efficiently.
Pelican Acquisition Corporation filed an 8-K noting that the SEC has declared effective its Form S-4 registration statement for a proposed business combination with Greenland Exploration Limited and March GL Company. The combined company will be named Greenland Energy Company and is expected to list on Nasdaq under the ticker “GLND” after closing.
Pelican has scheduled a virtual extraordinary general meeting of shareholders for March 17, 2026, at 10:00 a.m. Eastern Time to vote on the business combination and related proposals. Shareholders of record as of February 19, 2026 will receive a definitive proxy statement/prospectus and are entitled to vote at the meeting.
Pelican Acquisition Corporation filed an 8-K after announcing that Greenland Energy Company’s leadership secured a strategic Arctic logistics agreement with Canadian maritime group Desgagnés. The deal provides ice-class vessel capacity and beach-landing services to move equipment and crews for drilling in Greenland’s Jameson Land Basin, the first onshore oil exploration program there in over 50 years.
The agreement was executed by March GL Company, which, together with Greenland Exploration Limited, is pursuing a business combination with Pelican. A Form S-4 registration statement for this merger, including a proxy statement/prospectus, was declared effective on February 17, 2026, and Pelican plans to mail definitive materials to shareholders for the upcoming vote.
Upon closing of the business combination, the combined company is expected to be named Greenland Energy Company and list on Nasdaq under the ticker “GLND,” focusing on responsible development of Greenland’s energy resources.
Decagon Asset Management LLP and Benjamin John Durham have reported a significant passive stake in Pelican Acquisition Corp. They beneficially own 1,038,901 ordinary shares, representing 8.66% of the company’s outstanding ordinary shares as of December 31, 2025.
The position is held through investment funds and accounts managed by Decagon, with Decagon and Durham sharing voting and dispositive power over these shares. They certify the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Pelican Acquisition Corp.
Pelican Acquisition Corporation (PELIU) reported entry into a material definitive Merger Agreement and related agreements dated September 9, 2025, and a press release dated September 10, 2025, filed as Exhibit 99.1. The 8-K describes termination rights between the parties for uncured breaches and for a Material Adverse Effect with specified cure periods (generally 20 or 10 business days depending on the party and breach). The disclosure clarifies that the press release is "furnished" not "filed" and therefore is not subject to Section 18 liabilities or deemed incorporated by reference into SPAC filings. The filing includes a standard forward-looking statements disclaimer noting risks in the SPAC's public reports and that assumptions may prove incorrect, potentially causing actual results to differ materially. Several schedules and exhibits are omitted pursuant to Item 601(b)(2) with an undertaking to furnish them to the SEC upon request.
Pelican Acquisition Corporation filed its unaudited Form 10-Q for the quarter ended April 30 2025. The blank-check company remains in the pre-merger stage and therefore reports no revenue.
Liquidity. Cash rose to $499,606 from $59,073 at January 31 2025, boosting total current assets to $501,456. Deferred offering costs stand at $169,116, lifting total assets to $670,572 (vs. $208,386 three months earlier).
Liabilities. Current liabilities jumped to $703,341 (vs. $221,602) mainly because the related-party promissory note increased to $700,000. Accrued expenses fell to zero and accrued offering costs were $3,341.
Capital position. Additional paid-in capital remained unchanged at $29,041. Accumulated deficit widened to $(62,117), pushing total shareholders’ deficit to $(32,769) from $(13,216). The negative equity position is typical for a SPAC before trust funding.
Results of operations. Formation and operating costs of $19,937 were partially offset by $384 of interest income, producing a net loss of $(19,553) for the quarter, or $(0.01) per basic and diluted share on 2.7 million weighted-average shares.
Cash flow. Operating activities used $39,664 of cash. Financing cash-flow details were not fully provided in the excerpt, but deferred offering costs rose by roughly $19,803.
Share information. As of June 27 2025, 11,998,750 ordinary shares (including shares underlying units) were outstanding. Following the underwriter’s full exercise of the 1,125,000-unit over-allotment option on May 30 2025, the potential forfeiture of up to 375,000 founder shares was eliminated.
Listings. Units trade under PELIU, ordinary shares under PELI, and rights under PELIR on Nasdaq.
Key takeaways from Pelican Acquisition Corp’s Schedule 13D filing dated 30 May 2025:
Pelican Sponsor LLC disclosed beneficial ownership of 3,087,500 ordinary shares, equal to 25.73 % of the 11,998,750 shares outstanding. The stake consists of (i) 2,875,000 founder shares originally purchased on 22 Aug 2024 for $25,000 and (ii) 212,500 shares underlying private-placement units acquired at $10 per unit. The Sponsor controls the largest single block of the SPAC’s equity and, under lock-up and voting agreements, is obliged to vote its shares in favour of any proposed business combination and refrain from redemption under specified circumstances.
On 30 May 2025 the Sponsor amended its operating agreement, transferring 91.70 % of its interest to Aspira Capital Consulting LTD, making Aspira the new majority owner of the Sponsor and, indirectly, the SPAC’s largest shareholder. The filing reiterates that the shares were acquired for investment purposes; future purchases or sales remain possible subject to market conditions and lock-up provisions. No criminal or civil proceedings involving the reporting person were reported in the past five years.
Overall, the document confirms a concentrated insider holding, outlines historical capital injections (founder shares and private-placement units) and signals a significant shift in ultimate control of the Sponsor from its original member to Aspira Capital, which could influence future decision-making on the SPAC’s initial business combination.