Pelican Acquisition Corporation Right
PELIR
NASDAQ Global Select0.83
USD
+0.04
- -
Pelican Acquisition Corporation Right
PELIR
(NASDAQ Global Select)
Recent
price
0.83
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Pelican Acquisition Corporation Right (PELIR) represents the right issued by Pelican Acquisition Corporation, a blank check company incorporated in 2024 and headquartered at 1185 Avenue of the Americas, Suite 304, New York, New York; each right entitles the holder to receive one-tenth of one ordinary share upon consummation of the company's initial business combination. Pelican Acquisition Corporation, the issuer, operates as a special purpose acquisition company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, with no restrictions on industry or geographic region and a particular interest in technology sectors. The rights trade separately on Nasdaq under the PELIR ticker following the company's initial public offering in May 2025, which included an over-allotment option exercise raising additional funds through 1,125,000 units. In September 2025, Pelican Acquisition Corporation announced a definitive merger agreement with Greenland Exploration Limited and March GL Company to form Greenland Energy Company (expected ticker GLND), involving a business combination valued at approximately $215 million, redomiciliation from the Cayman Islands to Texas, and partnerships with Halliburton for drilling services, a major shipping firm for rig mobilization, and IPT Well Solutions for project management targeting oil exploration in Greenland's Jameson Land Basin. The transaction, expected to close in the fourth quarter of 2025, positions the combined entity to pursue Arctic resource opportunities serving energy markets in North America and international regions.