Greenland Energy director buys stock and warrants
Greenland Energy Co director Larry G. Swets Jr. reported open-market purchases of both common stock and warrants.
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Form Type
4
Rhea-AI Filing Summary
Greenland Energy Co director Larry G. Swets Jr. reported open-market purchases of both common stock and warrants. He bought 15,000 shares of Common Stock at a weighted average price of $2.5572 per share, bringing his direct holdings to 585,000 shares.
He also bought 35,000 public warrants in open-market transactions, including 25,000 warrants at a weighted average price of $1.1993 and 10,000 warrants at $1.00 per warrant. Following these trades, he holds public warrants exercisable for 250,000 shares of Common Stock at $5.00 per share and additional warrants exercisable for 375,000 shares at $15.00 per share, with expirations extending to 2031 and 2036.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
4 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
50,000 shs ($78K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Public Warrants | 10,000 | $1.00 | $10K |
| Purchase | Common Stock | 15,000 | $2.5572 | $38K |
| Purchase | Public Warrants | 25,000 | $1.1993 | $30K |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
Public Warrants — 250,000 contracts (Direct);
Common Stock — 585,000 shares (Direct);
Warrants — 375,000 contracts (Direct)
Footnotes (4)
- 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 reported price is a weighted average price. These shares were purchased in multiple open market transactions at prices ranging from $2.54 to $2.56 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F4. The reported price is a weighted average price. These warrants were purchased in multiple open market transactions at prices ranging from $1.15 to $1.20 per warrant, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.
Key Figures
Common shares bought: 15,000 shares at $2.5572/share
Shares held after trade: 585,000 shares
Public warrants bought (May 12, 2026): 25,000 warrants at $1.1993 each
+4 more
7 metrics
Common shares bought
15,000 shares at $2.5572/share
Open-market purchase on June 25, 2026
Shares held after trade
585,000 shares
Common stock directly owned after June 25, 2026 purchase
Public warrants bought (May 12, 2026)
25,000 warrants at $1.1993 each
Open-market purchase, weighted average price
Public warrants bought (June 25, 2026)
10,000 warrants at $1.00 each
Open-market purchase of GLNDW public warrants
Public warrants outstanding
250,000 underlying shares at $5.00
Public warrants exercisable for common stock, expire April 29, 2031
Private warrants outstanding
375,000 underlying shares at $15.00
Warrants from business combination, expire March 25, 2036
Total net shares bought
50,000 securities
Net-buy across common and warrants per transaction summary
Key Terms
public warrants, weighted average price, underlying security, business combination
4 terms
public warrants financial
"Comprised of public warrants (ticker: GLNDW), each exercisable for one share of Common Stock at an exercise price of $5.00 per 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.
weighted average price financial
"The reported price is a weighted average price. These shares were purchased in multiple open market transactions at prices ranging from $2.54 to $2.56 per share, inclusive."
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.
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "250000.0000""
business combination financial
"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."
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 did Greenland Energy (GLND) director Larry Swets buy in this Form 4?
Director Larry G. Swets Jr. purchased 15,000 shares of Greenland Energy common stock and 35,000 public warrants in open-market transactions, increasing both his direct equity stake and his exposure to the company through derivative securities.
At what prices did Larry Swets buy Greenland Energy (GLND) stock and warrants?
He bought 15,000 common shares at a weighted average price of $2.5572, with individual trades between $2.54 and $2.56, and purchased public warrants around $1.00–$1.20 each in multiple open-market transactions, according to the Form 4 footnotes.
What warrant exposure to Greenland Energy (GLND) does Larry Swets report?
He reports public warrants exercisable for 250,000 Greenland Energy common shares at a $5.00 exercise price and additional warrants exercisable for 375,000 shares at a $15.00 exercise price, providing significant potential future share exposure if exercised.
When do Larry Swets’ Greenland Energy (GLND) warrants expire?
The public warrants he holds, exercisable at $5.00 per share, expire on April 29, 2031, while the additional warrants with a $15.00 exercise price expire on March 25, 2036, giving long-dated optionality on Greenland Energy shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
