v3.26.1
STATEMENTS OF CASH FLOWS - PELICAN ACQUISITION CORPORATION - USD ($)
 6 Months Ended 12 Months Ended
Jan. 31, 2025
Jan. 31, 2026
Cash Flows from Operating Activities:    
Net income (loss) $ (42,564) $ 1,249,047
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on investments held in Trust Account (2,344,774)
Changes in operating assets and liabilities:    
Prepaid expenses (178,097)
Due to related party – administrative fee 65,806
Accrued expenses 18,539 295,822
Net cash used in operating activities (24,025) (912,196)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account (86,250,000)
Net cash provided by investing activities (86,250,000)
Cash Flows from Financing Activities:    
Proceeds from sale of public units   86,250,000
Proceeds from sale of Private Placements units   2,987,500
Payment of underwriter fees   (1,725,000)
Proceeds from issuance of founder shares to Sponsor 25,000
Proceeds from issuance of EBC founder shares to the underwriter 4,348
Payment of offering costs (146,250) (409,240)
Repayment of promissory note - related party (700,000)
Proceeds from promissory note - related party 200,000 500,000
Due to Pelican Holdco 89,740
Due to target company 100,000
Due to related party 10,200
Net cash provided by operating activities 83,098 87,103,200
Change in Cash 59,073 (58,996)
Cash, beginning of period 59,073
Cash, ending of period 59,073 77
Supplemental Disclosure of Non-cash Financing Activities:    
Accretion of additional paid-in capital to accumulated deficit 791,512
Issuance of Public Rights net of issuance costs 1,337,837
Remeasurement of carrying value to redemption value   6,213,720
Deferred offering costs included in accrued offering costs $ 3,063