| Balance Sheets | 2025-10-31 | 2025-07-31 | ||
|---|---|---|---|---|
| Deferred offering costs | - | 0 | ||
| Cash | 220 | 252,240 | ||
| Prepaid expenses | 165,049 | 116,338 | ||
| Total current assets | 165,269 | 368,578 | ||
| Prepaid expenses | 114,735 | 58,314 | ||
| Investments held in trust account | 87,774,470 | 86,885,672 | ||
| Total assets | 88,054,474 | 87,312,564 | ||
| Promissory note related party | - | 0 | ||
| Accrued expenses | 195,166 | 83,698 | ||
| Accrued offering costs | 278 | 278 | ||
| Due to related party administrative fee | 5,806 | - | ||
| Due to related party | 10,000 | - | ||
| Due to target company (greenland) | 100,000 | - | ||
| Total current liabilities | 311,250 | 83,976 | ||
| Total liabilities | 311,250 | 83,976 | ||
| Ordinary shares subject to possible redemption, 8,625,000 shares and 0 shares at redemption value of 10.18 and 0 per share as of october31, 2025 and january31, 2025, respectively | 87,774,470 | 86,885,672 | ||
| Ordinary shares, 0.0001 par value 500,000,000 shares authorized 3,373,750 and 3,075,000 shares issued and outstanding as of october31, 2025 and january31, 2025 (excluding 8,625,000 and 0 shares subject to possible redemption as of october31, 2025 and january31, 2025, respectively) | 337 | 337 | ||
| Additional paid-in capital | - | 97,286 | ||
| Accumulated deficit | -31,583 | 245,293 | ||
| Total shareholders deficit | -31,246 | 342,916 | ||
| Total liabilities and shareholders deficit | 88,054,474 | 87,312,564 | ||
Pelican Acquisition Corp (PELIU)
Pelican Acquisition Corp (PELIU)