Pelican Acquisition Corp.
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- Pelican Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, with a focus on the technology industry and targets featuring enterprise values between $180 million and $1 billion globally. Founded on July 23, 2024, and headquartered at 1185 Avenue of the Americas, Suite 304, New York, New York, the company has conducted no substantive operations and generated no revenues to date. Its sponsor activities center on identifying and pursuing such business combinations; upon completion of an initial merger, the combined entity typically rebrands and lists separately, with units, ordinary shares, and rights trading under PELIU, PELI, and PELIR on Nasdaq. In May 2025, Pelican Acquisition Corp. completed a $75 million initial public offering, issuing 7.5 million units at $10 each, with underwriters EarlyBirdCapital exercising a full over-allotment option for an additional 1.125 million units shortly thereafter. On September 9-10, 2025, the company entered into a definitive merger agreement with Greenland Exploration Limited, March GL Company, and related merger subsidiaries, under which the post-combination entity will operate as Greenland Energy Company and list on Nasdaq under the ticker GLND; Pelican plans to file a Form S-4 registration statement with the SEC, including a proxy statement for shareholder approval. As of October 2025, Pelican provided updates on merger progress, including disclosures related to Greenland oil exploration reserves, while trading near its 52-week high with a market capitalization around $121 million.
Pelican Acquisition Corporation (NASDAQ: PELI) Announces Completion of its Business Combination forming Greenland Energy Company
Pelican Acquisition Corporation (NASDAQ: PELI) Announces Successful Approval of its Business Combination with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company at the Extraordinary General Meeting of Shareholders held on March 19, 2026
Greenland Energy and Pelican Acquisition Corporation (NASDAQ: PELI) Appoints Ashiq Merchant, former BP executive, as Chief Financial Officer to Drive Transition to Public Markets and Advance World-Class Arctic Operations
Pelican Acquisition Corporation Issues Clarification Regarding Potential Application of Stock Repurchase Excise Tax
Pelican Acquisition Corporation and Greenland Energy Announce SEC Effectiveness of Registration Statement
Pelican Acquisition Corporation (NASDAQ: PELI) and Greenland Energy Secure Critical Arctic Logistics Support; Selects Desgagnés to Mobilize for Jameson Land Basin Drilling
Pelican Acquisition Corporation (NASDAQ: PELI) Announces Definitive Merger Agreement with Greenland Exploration Limited and March GL Company, with the combined company to be named Greenland Energy Company
Pelican Acquisition Corporation Signs Letter of Intent to Acquire Greenland Exploration Limited
Pelican Acquisition Corporation Announces the Separate Trading of its Ordinary Shares and Rights
Pelican Acquisition Corporation Announces Closing of Full Underwriters' Over-Allotment Option in connection with its Initial Public Offering
Pelican Acquisition Corporation Announces Closing of $75,000,000 Initial Public Offering