PELICAN ACQUISITION CORP.

Shareholders of Pelican Acquisition voted in favor of the proposed merger with Pelican Holdco, Greenland Exploration Limited and March GL Company. The transaction, which is intended to create a listed energy company to develop Greenland’s resources, is expected to close around March 24, 2026. March GL will finance up to two exploration wells in the Jameson oil and gas basin and, via 80 Mile, will acquire up to 70% of the basin in return; March GL will be field operations manager. Pelican was quoted at $10.35 (market capitalization $124 million) and was not profitable over the past twelve months, with earnings per share of -$0.03. » More on de.investing.com

Pelican Acquisition Corp filed a Form 8-K reporting on the status of the proposed merger with Greenland Exploration Limited, March GL and Pelican Holdco (PubCo) and attaching a transcript of an interview with Robert Price. The S-4 registration statement was declared effective by the SEC on February 17, 2026; final proxy/prospectus documents are to be delivered to shareholders. The extraordinary general meeting was postponed to March 19, 2026, and the stock most recently fell to $9.45; the SPAC was unprofitable over the past twelve months (EPS -$0.03). » More on de.investing.com

Pelican Acquisition Corp is in talks on a proposed business combination with Greenland Energy and filed an interview with CEO Robert Price and director‑designate Larry G. Swets, Jr. as a transcript in an 8‑K. The Form S‑4 registration statement with proxy/prospectus was declared effective by the SEC on February 17, 2026; the final prospectus will be sent to voting shareholders. The extraordinary general meeting to vote on the transaction was postponed to March 19, 2026. PELIU stock trades near its 52‑week low; market capitalization is about $113 million. » More on de.investing.com