Greenland Energy to trade under new symbol on NASDAQ: GLNDJameson Land Basin includes over 2,000,000 acres covering the entire petroleum basin. Independent engineering report from Sproule ERCE indicates upside of 13 billion barrels of recoverable oil.Greenland Energy maintains the rights to own up to 70% of three onshore licenses of the Jameson Land Basin in East Greenland - the focus of extensive exploration and research for decades.The Business Combination creates a publicly traded energy company focused on enhancing global energy security through the responsible development of Greenland's natural resources.$215 Million Implied Valuation for Greenland Energy.Think Equity continues to be fi

HOUSTON, March 19, 2026 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation ("Pelican"), a publicly traded special purpose acquisition corporation, today announced the successful approval of its proposed business combination with Pelican Holdco, Inc. ("PubCo"), Greenland Exploration Limited ("Greenland"), and March GL Company ("March GL") at its extraordinary general meeting of shareholders held on March 19, 2026 (the "Extraordinary General Meeting"). At the Extraordinary General Meeting the shareholders of Pelican additionally approved all other proposals presented at the meeting. PubCo, Greenland, March GL, and Pelican expect the business combination to be consummated on or about March 2

HOUSTON, March 13, 2026 (GLOBE NEWSWIRE) -- The leadership team behind the formation of Greenland Energy Company ("Greenland") today announced the appointment of Ashiq Merchant as Chief Financial Officer of the post-merger company. Merchant joins the executive team at a pivotal moment as the company advances its proposed business combination with Pelican Acquisition Corporation (NASDAQ:PELI). Upon the expected closing of the transaction following the March 17, 2026, Extraordinary General Meeting of Shareholders, the combined company will trade on the Nasdaq under the ticker symbol "GLND". In his role as CFO, Merchant will oversee all financial operations and reporting, capital markets ac

HOUSTON, March 11, 2026 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (the "Company"), a Cayman Islands exempted company, today issued a clarification regarding the potential application of the 1% excise tax on certain stock repurchases under Section 4501 of the Internal Revenue Code of 1986, as amended. The excise tax was enacted as part of the Inflation Reduction Act of 2022. As previously disclosed in the Company's proxy statement relating to its proposed business combination with Greenland Exploration Limited, March GL Company and the other parties thereto (the "Business Combination"), the Company does not expect that the 1% excise tax will apply to redemptions of the Company's

HOUSTON, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ:PELI) ("Pelican"), a publicly traded special purpose acquisition company, today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective its registration statement on Form S-4 (the "Registration Statement") in connection with its proposed business combination with Greenland Exploration Limited ("Greenland Exploration") and March GL Company ("March GL"). The combined company will operate as Greenland Energy Company ("Greenland") and is expected to list on Nasdaq under the ticker symbol "GLND" upon closing. The Registration Statement includes a proxy statement/prospectus for P

QUEBEC CITY and HOUSTON, Feb. 23, 2026 (GLOBE NEWSWIRE) -- The leadership team behind the formation of Greenland Energy Company ("Greenland") today announced a strategic logistics agreement that had been entered with Desgagnés, a premier Canadian maritime group, to support the transportation of cargo for upcoming drilling operations in the Jameson Land Basin with coordination from and approval by Royal Arctic Line, Greenland's exclusive license holder for maritime logistics. This agreement provides the specialized ice-class vessel and arctic beach landing capacity required to mobilize equipment and crews for one of the industry's most anticipated frontier projects. Desgagnés also provides

Ticker GLND Reserved (Pelican currently trades under PELI on NASDAQ)$215 Million Implied Valuation for up to 70% ownership.Closing Expected 4th Quarter. NEW YORK, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ:PELI) ("Pelican"), a publicly listed special purpose acquisition company, today announced the signing of a definitive Agreement and Plan of Merger with Greenland Exploration Limited ("Greenland Exploration") and March GL Company ("March GL"). Upon the closing of the transaction, the combined company will operate under the name Greenland Energy Company and is expected to be listed on the NASDAQ Stock Market under the ticker symbol "GLND." The Jameson Land

NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ:PELI, the "Company" or "Pelican")), a Cayman Islands exempted company formed as a special purpose acquisition company, today announced that it has entered into a non-binding letter of intent ("LOI") with Greenland Exploration Limited ("Greenland Exploration" or "GEL") to pursue a potential business combination. Greenland Exploration is a Texas-based special purpose vehicle focused on developing strategic interests in North American energy assets. Greenland Exploration has an agreement that will allow it to invest up to $70 million in the Jameson Land Basin, where it's partner March GL Company has right

HOUSTON, March 13, 2026 (GLOBE NEWSWIRE) -- The leadership team behind the formation of Greenland Energy Company ("Greenland") today announced the appointment of Ashiq Merchant as Chief Financial Officer of the post-merger company. Merchant joins the executive team at a pivotal moment as the company advances its proposed business combination with Pelican Acquisition Corporation (NASDAQ:PELI). Upon the expected closing of the transaction following the March 17, 2026, Extraordinary General Meeting of Shareholders, the combined company will trade on the Nasdaq under the ticker symbol "GLND". In his role as CFO, Merchant will oversee all financial operations and reporting, capital markets ac