Pelican Acquisition Corp Unit

PELIU

Market cap $77M

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

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.

Extraordinary General Meeting of Shareholders to Approve Business Combination Scheduled for March 17, 2026 Extraordinary General Meeting of Shareholders to Approve Business Combination Scheduled for March 17, 2026

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

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.”

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.

NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ: PELI, the “Company”), a Cayman Islands exempted company, announced that holders of its 8,625,000 units sold in the Company's initial public offering may elect to separately trade the ordinary shares and rights included in the units, commencing on or about June 12, 2025.

NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ: PELIU, the “Company”) announced today that it consummated the sale of an additional 1,125,000 units subject to the underwriters' over-allotment option at a public offering price of $10.00 per unit resulting in gross proceeds to the Company of $11,250,000. After giving effect to the exercise of the option, an aggregate of 8,625,000 units have been issued in the initial public offering for aggregate gross proceeds of $86,250,000.