PELIU

Pelican Acquisition Corp. (PELIU) 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 was incorporated in 2021 and is headquartered in San Francisco, California. As a blank check company, Pelican Acquisition Corp. does not have operations of its own but instead raises capital through its initial public offering to acquire or merge with an existing operating company, typically in a specific target sector or industry. The PELIU ticker represents the company's units, which typically consist of one share of common stock and a fraction of one redeemable warrant. The SPAC structure allows the target company to become publicly traded through the merger or acquisition process, providing an alternative route to a traditional initial public offering. Pelican Acquisition Corp. focuses its search on potential business combinations within defined sectors where its management team possesses expertise and industry relationships. The company's management team evaluates potential targets based on factors including growth potential, competitive positioning, and value creation opportunities. Until a business combination is completed, the proceeds from the IPO remain in a trust account for the benefit of shareholders.