PELI

Pelican Acquisition Corp. (PELI) operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on identifying and partnering with target businesses primarily in the technology, media, and telecommunications sectors. Headquartered in the United States, PELI raised capital through its initial public offering to pursue strategic acquisition opportunities that can benefit from access to public markets and operational expertise. As a blank check company, PELI does not have operations of its own but rather seeks to leverage its management team's experience to identify undervalued or high-growth potential companies that align with its investment criteria. The company typically has a specified timeframe to complete a qualifying business combination, after which it must return capital to shareholders if no suitable transaction is consummated. PELI's structure allows it to negotiate with private companies seeking alternative paths to going public outside of traditional IPO routes. The company's management team evaluates potential targets based on growth trajectory, market positioning, and value creation opportunities. Like other SPACs, PELI provides investors with exposure to pre-identified sectors while offering target companies access to capital and public market infrastructure.