Pelican Acquisition Corporation

Pelican Acquisition Corporation was a Special Purpose Acquisition Company (SPAC) incorporated as a Cayman Islands exempted company on July 23, 2024. Its primary objective was to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating businesses. The company's headquarters were located in New York, New York.

As a blank check company, Pelican Acquisition Corporation did not have significant operations or offer its own products or services. Its strategy focused on identifying and acquiring a target business, initially intending to concentrate on companies within the technology industry globally, though its search was not limited to any particular sector or geographic region.

Pelican Acquisition Corporation completed its business combination on March 25, 2026, with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company. Following this transaction, the combined entity was renamed Greenland Energy Company and began trading on the NASDAQ Stock Market under the new ticker symbol GLND. The newly formed Greenland Energy Company is focused on enhancing global energy security through the responsible development of Greenland's natural resources, particularly through oil and gas exploration in the Jameson Land Basin. Robert Labbe served as the Chairman, Chief Executive Officer, and Chief Financial Officer of Pelican Acquisition Corporation.