Greenland Energy director buys 15,000 public warrants
Greenland Energy Co director Larry G. Swets Jr. reported an open-market purchase of 15,000 Public Warrants on May 26, 2026 at $1.3904 per warrant.
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Form Type
4
Rhea-AI Filing Summary
Greenland Energy Co director Larry G. Swets Jr. reported an open-market purchase of 15,000 Public Warrants on May 26, 2026 at $1.3904 per warrant. Each Public Warrant (GLNDW) is exercisable for one share of common stock at an exercise price of $5.00 per share, expiring on April 29, 2031.
After this transaction, he holds 190,000 Public Warrants, along with 375,000 other warrants exercisable at $15.00 per share until March 25, 2036 and 545,000 common shares directly.
Insider Trade Summary
Net Buyer: 15,000 shares
Net Buy
3 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
15,000 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Public Warrants | 15,000 | $1.3904 | $21K |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Public Warrants — 190,000 contracts (Direct);
Warrants — 375,000 contracts (Direct);
Common Stock — 545,000 shares (Direct)
Footnotes (2)
- 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.
Key Figures
Public Warrants purchased: 15,000 warrants
Purchase price per Public Warrant: $1.3904 per warrant
Public Warrant exercise price: $5.00 per share
+4 more
7 metrics
Public Warrants purchased
15,000 warrants
Open-market purchase on May 26, 2026
Purchase price per Public Warrant
$1.3904 per warrant
Public Warrants (GLNDW) transaction
Public Warrant exercise price
$5.00 per share
Each Public Warrant exercisable into common stock
Public Warrants held after
190,000 warrants
Total Public Warrants following purchase
Additional warrants position
375,000 warrants at $15.00
Warrants from business combination, expiring March 25, 2036
Common shares held
545,000 shares
Direct ownership after reported transactions
Public Warrant expiration
April 29, 2031
GLNDW warrants exercisable until this date
Key Terms
Public Warrants, exercise price, underlying security, open market purchases, +1 more
5 terms
Public Warrants financial
"Comprised of public warrants (ticker: GLNDW), each exercisable for one share"
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.
exercise price financial
"each exercisable for one share of Common Stock at an exercise price of $5.00"
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.
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "190000.0000""
open market purchases financial
"These warrants were acquired in open market purchases."
Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.
business combination financial
"These warrants were issued ... 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Greenland Energy Co (GLND) report?
Greenland Energy Co reported that director Larry G. Swets Jr. bought 15,000 Public Warrants in an open-market transaction. These derivative securities give him the right to purchase common shares at a fixed exercise price in the future.
At what price did the Greenland Energy (GLND) director buy Public Warrants?
The director bought 15,000 Public Warrants at $1.3904 per warrant. Each Public Warrant is exercisable for one share of common stock at a $5.00 exercise price, providing leveraged exposure to the company’s equity.
How many Greenland Energy (GLND) Public Warrants does the director hold after this filing?
Following the reported purchase, the director holds 190,000 Public Warrants. These instruments each allow the holder to buy one Greenland Energy common share at a $5.00 exercise price before their stated expiration date.
What other warrant position does the Greenland Energy (GLND) director report?
In addition to Public Warrants, the director reports 375,000 warrants exercisable for common stock at a $15.00 exercise price. These warrants were issued in connection with a prior business combination involving Greenland Energy and related entities.
When do the Greenland Energy (GLND) warrants held by the director expire?
The Public Warrants held by the director expire on April 29, 2031. The separate block of 375,000 warrants with a $15.00 exercise price has a later expiration date of March 25, 2036, extending his long-term optionality.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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