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Wednesday, March 25, 2026

Equity Corporate Actions Alert #2026 - 188
(UPDATED: Closed) Information Regarding the Business Combination of Pelican Acquisition Corporation (PELI/R/U) & Greenland Energy Company

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  • Industry Announcement

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The business combination of Pelican Acquisition Corporation (PELI/R/U) & Greenland Energy Company became effective today, March 25, 2026. As a result of the business combination, the Ordinary Shares, Rights, and Units of Pelican Acquisition Corporation (PELI/R/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Pelican Acquisition Corporation Ordinary Shares
CUSIP#: G6993G103
Symbol: PELI
Last Trading Date: March 25, 2026
Marketplace Effective Date for Suspension: March 26, 2026
Merger Consideration: One (1) Greenland Energy Company (GLND) for each share held.

Company Name/Issue: Pelican Acquisition Corporation Rights
CUSIP#: G6993G111
Symbol: PELIR
Last Trading Date: March 25, 2026
Marketplace Effective Date for Suspension: March 26, 2026
Merger Consideration: Each Right will be automatically converted into one-tenth of one Ordinary Share.

Company Name/Issue: Pelican Acquisition Corporation Unit
CUSIP#: G6993G129
Symbol: PELIU
Last Trading Date: March 25, 2026
Marketplace Effective Date for Suspension: March 26, 2026
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will be listed on the Nasdaq Global Market and domiciled in Texas. The details are as follows:


Company Name/Issue: Greenland Energy Company Common Stock
CUSIP#: 70580B106
Symbol: GLND
Marketplace Effective Date: March 26, 2026

If you would like to register as a market maker in GLND, contact Nasdaq Trading Services at +1 212 231 5100.


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