(GLND)

Pelican Acquisition (NASDAQ: PELI) announced the successful completion of its business combination with Pelican Holdco Inc., Greenland Exploration Limited and March GL Company, forming Greenland Energy Company, which will begin trading on The Nasdaq Stock Market under the ticker (NASDAQ: GLND) on March 26, 2026. The combined company is advancing development of the Jameson Land Basin in East Greenland, where reprocessed seismic data has identified more than 50 oil and gas targets and independent estimates suggest up to 13 billion barrels of recoverable oil, as it prepares for initial drilling supported by established infrastructure, logistics partnerships and key service providers.