| Cash Flow | 2025-07-31 |
|---|---|
| Interest earned on investments held in trust account | 635,672 |
| Net income | 287,857 |
| Prepaid expenses | 174,652 |
| Accrued expenses | 62,374 |
| Net cash used in operating activities | -460,093 |
| Purchase of investments held in trust account | 86,250,000 |
| Net cash used in investing activities | -86,250,000 |
| 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 promissory note - related party | 500,000 |
| Repayment of promissory note - related party | 700,000 |
| Payment of offering costs | 409,240 |
| Net cash provided by financing activities | 86,903,260 |
| Net changes in cash | 193,167 |
Pelican Acquisition Corp (PELI)
Pelican Acquisition Corp (PELI)