<span item_type="fundamental" item_id="0e6f3446a3e6cae2908ca59b20aed7ce" counter_id="ST/US/PELIU" env="prod"></span><span item_type="announcement" item_id="534069216527850113" env="prod"></span><p>EPS: As of FY2026 Q1, the actual value is USD -0.01.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not generated any operating revenues as of April 30, 2025, since it is a blank check company focused on completing a business combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net loss for the three months ended April 30, 2025, was $19,553, primarily due to formation and operating costs of $19,937, offset by interest income of $384.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities for the three months ended April 30, 2025, was - $39,664.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li><li>Net cash provided by financing activities was $480,197, primarily from proceeds of a promissory note to a related party.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company completed its IPO on May 27, 2025, raising gross proceeds of $75,000,000, and an additional $11,250,000 from the exercise of the over-allotment option, totaling $86,250,000 placed in a trust account.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company intends to use the proceeds from the IPO and private placements to complete a business combination within 15 months from the IPO date, focusing on the technology industry globally.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li><li><strong>Non-Core Business</strong>: There are no specific plans related to non-core business activities as the company is primarily focused on completing a business combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li><li><strong>Priority</strong>: The company must complete a business combination by August 27, 2026, or it will be required to liquidate, raising substantial doubt about its ability to continue as a going concern if it fails to do so.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625004771/pelicanacq_10q.htm"></span></li></ul>

Pelican Acquisition - Unit | 10-Q: FY2026 Q1 EPS: USD -0.01