Groenland
On March 17, 2026, Pelican Acquisition Corporation held a virtual extraordinary general meeting where shareholders approved the proposed business combination with Greenland Exploration Limited and March GL Company. This approval marks a significant step toward the formation of Greenland Energy Company, a publicly traded entity focused on responsibly developing Greenland's vast energy resources in the Jameson Land Basin. The combined company is expected to list on Nasdaq under the ticker symbol "GLND" upon closing.
The business combination aims to enhance global energy security by leveraging Arctic expertise and fostering sustainable partnerships with Greenlandic authorities and communities. Robert Price, CEO of March GL and incoming CEO of Greenland Energy Company, expressed satisfaction with the SEC's declaration of effectiveness, emphasizing the company's commitment to unlocking the Jameson Land Basin's potential responsibly.
Shareholders' approval of this business combination underscores confidence in Greenland Energy Company's mission and strategic direction. The company is poised to contribute significantly to energy diversification worldwide, aligning with global efforts toward sustainable energy development.
