PELI
Pelican Acquisition Corporation Ordinary Shares·Financial Services
8.23
11.790%(−1.10)
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Pelican Acquisition Corporation Ordinary Shares·Financial Services
HOUSTON, March 25, 2026 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (“Pelican”), a publicly traded special purpose acquisition corporation, today announced the successful completion of its proposed business combination (the “Business Combination”) with Pelican Holdco, Inc. (“PubCo”), Greenland Exploration Limited (“Greenland”), and March GL Company (“March GL”). The Business Combination was approved by Pelican's shareholders at its extraordinary general meeting of shareholders held on March 19, 2026 (the “Extraordinary General Meeting”). Following the closing, the combined company will operate as Greenland Energy Company (“Greenland Energy”), a publicly traded energy company focused on enhancing global energy security through the responsible development of Greenland's natural resources. On March 26, 2026, Greenland Energy's common stock will commence trading on The Nasdaq Stock Market under the new ticker symbol “GLND.”
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 24, 2026.
New financial leadership brings 25 years of multinational experience at BP across upstream and downstream businesses in multiple international jurisdictions, including the Middle East and North America New financial leadership brings 25 years of multinational experience at BP across upstream and downstream businesses in multiple international jurisdictions, including the Middle East and North America
Strategic agreement secures specialized vessel capacity to support the first onshore oil exploration program in Greenland in over 50 years Strategic agreement secures specialized vessel capacity to support the first onshore oil exploration program in Greenland in over 50 years
