v3.26.1
BALANCE SHEETS - PELICAN ACQUISITION CORPORATION - USD ($)
Jan. 31, 2026
Jan. 31, 2025
Current Assets    
Cash $ 77 $ 59,073
Prepaid expenses 165,048
Total Current Assets 165,125 59,073
Deferred offering costs 149,313
Prepaid expenses 13,049
Investments held in Trust Account 88,594,774
Total Assets 88,772,948 208,386
Current Liabilities    
Accrued expenses 317,146 18,539
Accrued offering costs 278 3,063
Due to related party – administrative fee 65,806
Due to related party 10,200 (0)
Due to target company (Greenland) 100,000
Due to Pelican Holdco 89,740
Promissory note – related party 200,000
Total current liabilities 583,170 221,602
Total Liabilities 583,170 221,602
Ordinary shares subject to possible redemption, 8,625,000 shares and 0 shares at redemption value of $10.27 and $0 per share as of January 31, 2026 and 2025, respectively 88,594,774
Stockholder’s deficit    
Common stock, $0.01 par value; 500,000,000 shares authorized; none issued or outstanding as of December 31, 2025 [1] 337 307
Additional paid-in capital 29,041
Accumulated deficit (405,333) (42,564)
Total Stockholder’s deficit (404,996) (13,216)
Total liabilities and Stockholder’s deficit $ 88,772,948 $ 208,386
[1] Includes an aggregate of up to 375,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by the underwriters (see Note 5).