Each one in plain English, with the numbers worked through for a shareholder.
30 Apr 2026material agreement● NeutralMajor
Greenland Energy closed a public offering on 29 April 2026 of 16,250,000 shares, 1,250,000 pre-funded warrants and 17,500,000 warrants (strike $5.00, five years), raising about $70 million gross at $4.00 per share-plus-warrant package, with ThinkEquity as placement agent (3.0% cash fee). The company says proceeds are for general corporate purposes, and the CEO's press release says it funds exploration toward planned October 2026 drilling in the Jameson Land Basin. For shareholders this is new dilution: the shares sold are roughly 62% of the 26.1 million outstanding after closing (inference from the figures), with up to 17.5 million more shares possible on warrant exercise.
The long-pending combination closed on 25 March 2026: the Pelican Acquisition Corporation blank-check company, Greenland Exploration Limited and March GL Company all became subsidiaries of Pelican Holdco, which was renamed Greenland Energy Company. Former Greenland and March GL holders received 21,500,000 shares (valued at $215,000,000 at $10.00 a share), SPAC shareholders approved on 19 March, and 7,562,123 SPAC shares were redeemed for $77,979,252. After closing there were 26,110,252 shares and 1,500,000 warrants (strike $15.00) outstanding, with the stock trading as GLND on Nasdaq from 26 March 2026. This resolves the S-4 thread; lock-up, registration rights and indemnification agreements were also signed.
A third amended S-4 was filed just four days after the previous one. It carries the same financial data to 31 Oct 2025, and the visible text does not say what was changed. The registration is still in progress, with no effectiveness or closing shown.
A second amended S-4 for the Pelican Holdco combination was filed, with the same 31 Oct 2025 financial data as the January amendment. The visible text shows no new terms or changes, so the only supported point is that the registration is still being revised and the deal is not yet complete.
An amended S-4 for the Pelican Holdco combination was filed. Its financial data now covers the period to 31 Oct 2025 and includes events tagged through December 2025. The visible text does not show what changed or any new terms, so it continues the pending deal without a shown outcome.
Pelican Holdco, Inc., a Texas company based in Denver with Robert Price as CEO, filed a registration statement (Form S-4) for a business combination. The visible text is only the cover page and data tags. These tags point to a blank-check company (IPO, over-allotment and private placement in May 2025, Early Bird Capital) and to Greenland Exploration Limited, which received promissory notes from mid-2025 to 9 Sept 2025. This suggests, as an inference, that the blank-check company is combining with Greenland Exploration through the new holding company. The visible text gives no deal terms, exchange ratio or price.
