SCHEDULE: Meteora Capital Reports 0% Stake in Pelican Acquisition Corp

Meteora Capital, LLC and Vik Mittal have filed a Schedule 13G, reporting no beneficial ownership of Pelican Acquisition Corp's Class A common stock as of March 31, 2026.

Summary

• Meteora Capital, LLC, along with its Managing Member Vik Mittal, has filed a Schedule 13G amendment.
• The filing indicates that as of March 31, 2026, neither Meteora Capital nor Vik Mittal beneficially own any shares of Pelican Acquisition Corp's Class A common stock.
• The aggregate amount beneficially owned by each reporting person is reported as 0.00.
• The percentage of the class represented by the amount owned is 0%.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily administrative, indicating no current significant stake or intention to influence control by the reporting persons.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. A filing reporting 0% ownership suggests a change in holdings or a correction, and does not indicate any active investment or control position.

Key Dates

Keywords

Pelican Acquisition Corp, Meteora Capital, Schedule 13G, SEC Filing, Beneficial Ownership, Class A Common Stock, Investment Management