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Pelican Acquisition Corporation ( (PELI) ) has provided an update.
On September 9, 2025, Pelican Acquisition Corporation announced a merger agreement with Greenland Exploration Limited and March GL Company, aiming to form Greenland Energy Company. This merger will result in a publicly traded entity on NASDAQ, focusing on unlocking the hydrocarbon potential of the Jameson Land Basin in Greenland. The transaction is expected to close in the fourth quarter, with significant implications for energy exploration and economic diversification in Greenland. The merger will provide the combined company with access to U.S. public markets, enhancing its capacity to undertake transformative energy projects while supporting U.S. energy security and strategic independence.
More about Pelican Acquisition Corporation
Pelican Acquisition Corporation is a special purpose acquisition company (SPAC) listed on NASDAQ, formed to facilitate mergers, share exchanges, asset acquisitions, and similar business combinations without a specific industry or geographic focus.
Average Trading Volume: 29,736
For an in-depth examination of PELI stock, go to TipRanks’ Overview page.