SCHEDULE 13G 0001950677 XXXXXXXX LIVE Ordinary Shares 12/31/2025 0002037431 Pelican Acquisition Corp G6993G103 1185 AVENUE OF THE AMERICAS, SUITE 301 NEW YORK NY 10036 Rule 13d-1(b) Decagon Asset Management LLP X0 0 1038901 0 1038901 1038901 N 8.66 IA PN Benjamin John Durham X0 0 1038901 0 1038901 1038901 N 8.66 HC IN Pelican Acquisition Corp 1185 AVENUE OF THE AMERICAS, SUITE 301, NEW YORK, NEW YORK 10036 This statement is filed by: (i) Decagon Asset Management LLP (the "Investment Manager") which serves as the investment manager or sub-adviser, with respect to certain funds and accounts (the "DAM Vehicles"), with respect to the ordinary shares, par value $0.0001 per share ("Ordinary Shares") of Pelican Acquisition Corporation. (the "Company") held by the DAM Vehicles; and (ii) Benjamin John Durham ("Mr. Durham") who indirectly controls the Investment Manager, with respect to the Ordinary Shares held by the DAM Vehicles. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is the beneficial owner of the Ordinary Shares reported herein. 5 SWALLOW PLACE LONDON, United Kingdom W1B 2AF Decagon Asset Management LLP - UNITED KINGDOM Benjamin John Durham - UNITED KINGDOM N IA HC The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G as of December 31, 2025 is calculated based upon an aggregate of 11,998,750 Ordinary Shares outstanding as of December 19, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2025, filed with the Securities and Exchange Commission on December 19, 2025. 8.66 Decagon Asset Management LLP - 0 Benjamin John Durham - 0 Decagon Asset Management LLP - 1,038,901 Benjamin John Durham - 1,038,901 Decagon Asset Management LLP - 0 Benjamin John Durham - 0 Decagon Asset Management LLP - 1,038,901 Benjamin John Durham - 1,038,901 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. EXHIBIT 99.1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: February 3rd, 2026 DECAGON ASSET MANAGEMENT LLP By: /s/ Olivia Cooper Name: Olivia Cooper Title: COO /s/ Benjamin John Durham BENJAMIN JOHN DURHAM Decagon Asset Management LLP Olivia Cooper 02/03/2026 Benjamin John Durham Benjamin John Durham 02/03/2026