Carol Craig joins Greenland Energy (NASDAQ: GLND) board and Audit Committee

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Greenland Energy Company filed an 8-K reporting a board change. On June 5, 2026, director Daniel M. McCabe resigned from the Board and its Audit Committee, with no disagreement on company operations, policies, or practices cited.

The Board simultaneously appointed Carol Craig as a Class I director and Audit Committee member, filling the vacancy and serving until the 2027 annual meeting or until a successor is qualified. Craig is the founder, CEO, and Chair of Sidus Space, Inc. and has extensive aerospace, defense, and public company experience. The Board determined she is an independent director under Nasdaq rules and eligible for Audit Committee service. She will be compensated under the company’s non-employee director policy.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Effective board change date: June 5, 2026 Craig age: 59 years old Licensed area size: 2-million-acre +2 more

5 metrics

Effective board change date June 5, 2026 McCabe resignation and Craig appointment effective date

Craig age 59 years old Age of new director Carol Craig

Licensed area size 2-million-acre Onshore licensed area in Jameson Land Basin

Facility size 35,000-square-foot Sidus Space facility on Florida’s Space Coast

Planned drilling year 2026 First modern onshore drilling campaign timing

Key Terms

independent director, Audit Committee, exploration-stage, forward-looking statements, +1 more

5 terms

independent director financial

"The Board has determined that Ms. Craig qualifies as an “independent director” under the listing standards of The Nasdaq Stock Market LLC"

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

Audit Committee financial

"In connection with her appointment, Ms. Craig was also appointed as a member of the Audit Committee of the Board."

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

exploration-stage financial

"Greenland Energy Company is an exploration-stage oil and gas company focused on responsibly exploring and seeking to develop Greenland’s hydrocarbon resources"

forward-looking statements regulatory

"This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Jameson Land Basin financial

"an oil exploration company focused on East Greenland’s Jameson Land Basin"

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Understanding 8-K Material Events →

06/11/2026 - 05:20 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 5, 2026

GREENLAND ENERGY COMPANY

(Exact name of registrant as specified in its charter)

Texas		333-291171		39-4828593
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3400 East Bayaud Avenue, Suite 400
Denver, Colorado 80209
(Address of principal executive office) (Zip Code)

(918) 361-7000

(Registrant’s telephone number, including area code)

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.0001 par value per share	GLND	The Nasdaq Stock Market LLC
Warrants to purchase Common Stock	GLNDW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 under the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 5, 2026, Daniel M. McCabe notified Greenland Energy Company, a Texas corporation (the “Company”), of his resignation from his position as a member of the Board of Directors (the “Board”) of the Company, effective immediately. In connection with his resignation, Mr. McCabe also resigned from the Audit Committee of the Board on which he served. Mr. McCabe’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On June 5, 2026, the Board appointed Carol Craig as a member of the Board, effective immediately, to serve as a Class I director filling the vacancy created by the resignation of Daniel M. McCabe. Ms. Craig will serve until the Company’s 2027 annual meeting of stockholders or until her successor is duly elected and qualified, or until her earlier death, resignation or removal. In connection with her appointment, Ms. Craig was also appointed as a member of the Audit Committee of the Board.

Ms. Craig, 59 years old, has served as Chief Executive Officer and Chair of the Board of Directors of Sidus Space, Inc. (NASDAQ: SIDU) since she founded the company in 2012. Sidus Space is a vertically integrated Space-as-a-Service company engaged in satellite design, manufacturing, payload hosting, AI-driven data solutions, and end-to-end mission operations from its 35,000-square-foot facility on Florida’s Space Coast. Under Ms. Craig’s leadership, the company developed and launched the LizzieSat™ series of hybrid, 3D-printed satellites, with LizzieSat-1 launching in March 2024 and LizzieSat-2 launching in December 2024. In December 2021, Sidus Space completed its initial public offering on the Nasdaq Stock Market. Prior to founding Sidus Space, Ms. Craig founded Craig Technologies in 1999, an aerospace and defense engineering firm providing software development, systems engineering, IT support, and integrated logistics services. Before entering the private sector, Ms. Craig served as a naval aviator in the United States Navy, where she served in a P-3C Orion squadron handling tactical communication and navigation. Ms. Craig holds a Bachelor of Arts in Computer Science from Knox College, a Bachelor of Science in Computer Science Engineering from the University of Illinois, and a Master of Science in Electrical and Computer Engineering from the University of Massachusetts Amherst. She is currently pursuing a Ph.D. in Systems Engineering at the Florida Institute of Technology.

In connection with her appointment to the Board, Ms. Craig will receive compensation in accordance with the Company’s non-employee director compensation policy. The Board has determined that Ms. Craig qualifies as an “independent director” under the listing standards of The Nasdaq Stock Market LLC and meets the independence requirements for service on the Audit Committee under Rule 10A-3 of the Securities Exchange Act of 1934, as amended, and the applicable Nasdaq rules.

Ms. Craig was appointed to fill the vacancy created by Mr. McCabe’s resignation and was not elected pursuant to any arrangement or understanding between her and any other person. Ms. Craig has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Craig has no family relationship with any director or executive officer of the Company.

Item 7.01

Regulation FD Disclosure.

On June 11, 2026, the Company issued a press release announcing the appointment of Ms. Craig to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit No.		Description
99.1		Press Release dated June 11, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 11, 2026	GREENLAND ENERGY COMPANY

	By:	/s/ Robert Price
	Name:	Robert Price
	Title:	Chief Executive Officer

Exhibit 99.1

Greenland Energy Company Announces Addition of Carol Craig to Board of Directors

DENVER, June 11, 2026 /PRNewswire/ – Greenland Energy Company (NASDAQ: GLND) (“the Company” or “Greenland Energy”), an oil exploration company focused on East Greenland’s Jameson Land Basin, today announced the appointment of Carol Craig to the Company’s Board of Directors (the “Board”), effective June 5, 2026. Ms. Craig was appointed as a Class I director to fill the vacancy created by the resignation of Daniel M. McCabe, and will also serve as a member of the Board’s Audit Committee.

Ms. Craig, 59, is the founder, Chief Executive Officer, and Chair of the Board of Directors of Sidus Space, Inc. (NASDAQ:SIDU), an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined^®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat^®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities.

Under Ms. Craig’s leadership, Sidus Space completed its initial public offering on the Nasdaq Stock Market in December 2021 and developed and launched the LizzieSat (LS) series of hybrid, 3D-printed satellites, with LS-1 launching in March 2024, LS-2 launching in December 2024, and LS-3 launching March 2025.

Prior to founding Sidus Space in 2012, Ms. Craig founded Craig Technologies in 1999, an aerospace and defense engineering firm providing software development, systems engineering, IT support, and integrated logistics services. Before entering the private sector, Ms. Craig served in the United States Navy as a P-3 Orion Naval Flight Officer. She was among the first women eligible to fly in combat aircraft and one of the first female aviators to successfully complete the U.S. Navy’s Survival, Evasion, Resistance, and Escape (SERE) Training.

Ms. Craig has earned a Bachelor of Arts in Computer Science from Knox College and a Bachelor of Science in Computer Science Engineering from the University of Illinois. She holds a Master of Science in Electrical and Computer Engineering from the University of Massachusetts Amherst, as well as an MBA with a concentration in Finance from the Florida Institute of Technology. She is currently pursuing a Ph.D. in Systems Engineering at the Florida Institute of Technology.

The Board has determined that Ms. Craig qualifies as an “independent director” under the listing standards of The Nasdaq Stock Market LLC and meets the independence requirements for service on the Audit Committee under Rule 10A-3 of the Securities Exchange Act of 1934, as amended, and the applicable Nasdaq rules.

“We are pleased to welcome Carol Craig to the Greenland Energy Board of Directors,” said Larry Swets, Jr., Chairman of the Board of Directors of Greenland Energy Company. “Carol brings an exceptional combination of entrepreneurial leadership, technical expertise, and public company governance experience. Her track record of building and scaling innovative technology companies—from founding Craig Technologies to taking Sidus Space public on the Nasdaq—along with her background in aerospace, defense, and engineering, will be invaluable as we advance our exploration program in Greenland’s Jameson Land Basin.”

“I’ve spent my career betting on frontiers most people overlooked, first in defense, then in space,” said Ms. Craig. “The Jameson Land Basin is that kind of opportunity: underexplored, onshore, and wide open for a team willing to do the hard work. I didn’t join this Board to watch. I joined to help Greenland Energy prove what’s there.”

About Greenland Energy Company

Greenland Energy Company is an exploration-stage oil and gas company focused on responsibly exploring and seeking to develop Greenland’s hydrocarbon resources, with an emphasis on the Jameson Land Basin in East Greenland. The Company’s primary mission is to unlock the frontier hydrocarbon potential of the Jameson Land Basin, an approximately 2-million-acre onshore licensed area, through the application of modern exploration technologies. The Company is preparing to execute the first modern onshore drilling campaign in the region, currently planned for 2026. For more information, please visit www.GreenlandEnergyCo.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of present or historical fact, including statements regarding Greenland Energy Company’s future financial performance, business strategy, operations, financial position, projected costs, prospects, plans, management objectives, exploration plans, drilling activities, timing, capital needs, financing plans, regulatory approvals, prospective resources, strategic partnerships, and planned activities, are forward-looking statements. Forward-looking statements are generally identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “potential,” “predict,” or similar expressions. These statements are based on management’s current expectations, assumptions and beliefs, are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially. Investors should review the Company’s SEC filings, including its most recent Form 10-Q and subsequent filings, for a more complete discussion of risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Contact:

contact@greenlandenergyco.com

SOURCE: Greenland Energy Company

Source: View Original Filing on SEC EDGAR

FAQ

What board changes did Greenland Energy Company (GLND) disclose in this 8-K?

Greenland Energy Company reported that director Daniel M. McCabe resigned from the Board and Audit Committee, effective June 5, 2026, and Carol Craig was appointed as a Class I director and Audit Committee member to fill the resulting vacancy on the same date.

Why did Daniel M. McCabe resign from Greenland Energy Company’s board?

Daniel M. McCabe resigned as a director and Audit Committee member effective June 5, 2026. The filing states his resignation was not due to any disagreement with the company regarding its operations, policies, or practices, indicating a non-conflict-related transition in board composition.

Who is Carol Craig and what role will she serve at Greenland Energy Company (GLND)?

Carol Craig, founder, CEO, and Chair of Sidus Space, Inc., has been appointed a Class I director and Audit Committee member at Greenland Energy, effective June 5, 2026. She brings aerospace, defense, and public company leadership experience to support the company’s exploration-focused strategy in Greenland.

How long will Carol Craig’s term on Greenland Energy Company’s board last?

Carol Craig will serve as a Class I director until Greenland Energy Company’s 2027 annual meeting of stockholders, or until her successor is duly elected and qualified, or her earlier death, resignation, or removal, providing defined but potentially extendable board tenure under standard governance terms.

Is Carol Craig considered an independent director under Nasdaq rules for GLND?

The Board determined that Carol Craig qualifies as an independent director under Nasdaq listing standards and meets the independence requirements for Audit Committee service under Rule 10A-3 of the Exchange Act and applicable Nasdaq rules, supporting compliant board and committee composition for Greenland Energy.

What is Greenland Energy Company’s core business focus?

Greenland Energy Company is an exploration-stage oil and gas company focused on East Greenland’s Jameson Land Basin. It holds an approximately 2-million-acre onshore licensed area and is preparing the first modern onshore drilling campaign in the region, currently planned for 2026 using modern exploration technologies.

Did Greenland Energy issue a press release about Carol Craig’s appointment?

Yes. Greenland Energy issued a press release dated June 11, 2026, announcing Carol Craig’s appointment to the Board and Audit Committee. The press release is furnished as Exhibit 99.1 to the report and is not deemed filed for liability purposes under Section 18 of the Exchange Act.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 11.0 KB