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Pelican Acquisition Awaits Shareholder Approval for Merger

Story Highlights
  • Pelican is pursuing a business combination with Greenland, March GL, and PubCo.
  • Sproule ERCE’s Reserve Report evaluates March GL’s Greenland resources for future exploration.
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Pelican Acquisition Corporation ( (PELI) ) has issued an announcement.

Pelican Acquisition Corporation is involved in a business combination with Greenland, March GL, and PubCo, which is expected to result in PubCo becoming a public company. This combination is subject to shareholder approval and regulatory processes, with significant implications for the involved parties’ strategic direction and market operations. The Reserve Report by Sproule ERCE, published on October 22, 2025, evaluates the prospective resources of March GL’s Greenland license, indicating potential for future exploration and development in the region.

More about Pelican Acquisition Corporation

Average Trading Volume: 19,056

Technical Sentiment Signal: Strong Buy

For an in-depth examination of PELI stock, go to TipRanks’ Overview page.

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