Greenland Energy director buys 25,000 public warrants
Greenland Energy Co director Larry G. Swets Jr. reported an open-market purchase of 25,000 Public Warrants on Common Stock.
Rhea-AI Filing Summary
Greenland Energy Co director Larry G. Swets Jr. reported an open-market purchase of 25,000 Public Warrants on Common Stock. These GLNDW warrants were bought at a weighted average price of $1.11 per warrant, in multiple trades between $1.07 and $1.12.
Each Public Warrant is exercisable for one share of Common Stock at an exercise price of $5.00 per share and expires on April 29, 2031. Following this purchase, he holds 175,000 Public Warrants. He also directly holds 375,000 other warrants exercisable at $15.00 per share, expiring on March 25, 2036, as well as 500,000 shares of Common Stock.
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Insider Trade Summary
Net Buyer: 25,000 shares
Net Buy
3 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
25,000 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Public Warrants | 25,000 | $1.11 | $28K |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Public Warrants — 175,000 contracts (Direct);
Warrants — 375,000 contracts (Direct);
Common Stock — 500,000 shares (Direct)
Footnotes (3)
- F1. Comprised of warrants, each exercisable for one share of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer at an exercise price of $15.00 per share. These warrants were issued to the Reporting Person in connection with the business combination consummated by the Issuer (formerly Pelican Holdco, Inc.), March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation.
- F2. Comprised of public warrants (ticker: GLNDW), each exercisable for one share of Common Stock at an exercise price of $5.00 per share. These warrants were acquired in open market purchases.
- F3. The price reported in Column 8 of Table II is a weighted average price. The Public Warrants reported in this row were purchased in multiple transactions at prices ranging from $1.07 to $1.12 per warrant.
Key Figures
Public Warrants purchased: 25,000 Public Warrants
Weighted average purchase price: $1.11 per Public Warrant
Public Warrants held after purchase: 175,000 Public Warrants
+4 more
7 metrics
Public Warrants purchased
25,000 Public Warrants
Open-market purchase on 2026-05-11
Weighted average purchase price
$1.11 per Public Warrant
GLNDW trades between $1.07 and $1.12
Public Warrants held after purchase
175,000 Public Warrants
Position following reported transactions
Public Warrant exercise price
$5.00 per share
Each GLNDW warrant into one Common Stock share
Other warrants underlying shares
375,000 shares underlying warrants
Exercisable at $15.00, expiring 2036-03-25
Other warrant exercise price
$15.00 per share
Warrants issued in business combination
Common Stock held
500,000 shares
Direct ownership after reported transactions
Key Terms
Public Warrants, weighted average price, business combination, exercise price, +1 more
5 terms
Public Warrants financial
"Comprised of public warrants (ticker: GLNDW), each exercisable for one share of Common Stock"
Public warrants are tradable securities that give the holder the right to buy a company’s stock at a fixed price before a set expiration date. Like a coupon that lets you purchase shares later at a preset price, they matter to investors because using them can bring new cash into the company but also increase the total number of shares outstanding, which can dilute existing ownership and influence the stock’s price and potential gains.
weighted average price financial
"The price reported in Column 8 of Table II is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
business combination financial
"These warrants were issued to the Reporting Person in connection with the business combination consummated by the Issuer"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
exercise price financial
"each exercisable for one share of common stock ... at an exercise price of $15.00 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
derivative financial
"Public Warrants, transaction_type: derivative, transaction_shares: 25000.0000"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What did Greenland Energy (GLND) director Larry Swets buy in this Form 4?
Director Larry G. Swets Jr. bought 25,000 Greenland Energy Public Warrants (GLNDW) in open-market transactions. Each warrant is exercisable for one Common Stock share at a $5.00 exercise price, giving him additional leveraged exposure to the company’s equity.
What price did Larry Swets pay for Greenland Energy GLNDW Public Warrants?
He paid a weighted average price of $1.11 per Public Warrant, with individual trades executed between $1.07 and $1.12. Each warrant can later be exercised for one Common Stock share at a $5.00 per share exercise price.
How many Greenland Energy Public Warrants does Larry Swets hold after this transaction?
After purchasing 25,000 Public Warrants, Larry G. Swets Jr. now holds 175,000 GLNDW Public Warrants. These derivative securities each represent the right to buy one share of Greenland Energy Common Stock at a $5.00 exercise price before April 29, 2031.
What other Greenland Energy derivative positions does Larry Swets hold?
In addition to Public Warrants, he holds warrants exercisable for 375,000 Common Stock shares at a $15.00 exercise price, expiring March 25, 2036. These warrants were issued in connection with a prior business combination involving Greenland Energy and related entities.
When do Larry Swets’s Greenland Energy warrants expire and at what exercise prices?
His Public Warrants (GLNDW) expire on April 29, 2031 and are exercisable at $5.00 per share. Separate warrants issued in a business combination expire on March 25, 2036 and are exercisable at a higher $15.00 per share exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
