Greenland Energy director buys 10K GLND shares
Greenland Energy Co director Larry G. Swets Jr. bought 10,000 shares of Common Stock of GLND in an open-market transaction at an average price of $2.7699 per share.
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Form Type
4
Rhea-AI Filing Summary
Greenland Energy Co director Larry G. Swets Jr. bought 10,000 shares of Common Stock of GLND in an open-market transaction at an average price of $2.7699 per share. Following this purchase, he directly holds 570,000 Common Stock shares.
He also holds derivative positions: Public Warrants exercisable for 215,000 Common Stock shares at an exercise price of $5.00 per share, expiring on April 29, 2031, and additional Warrants exercisable for 375,000 Common Stock shares at an exercise price of $15.00 per share, expiring on March 25, 2036.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
3 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
10,000 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 10,000 | $2.7699 | $28K |
| holding | Warrants | -- | -- | -- |
| holding | Public Warrants | -- | -- | -- |
Holdings After Transaction:
Common Stock — 570,000 shares (Direct);
Warrants — 375,000 contracts (Direct);
Public Warrants — 215,000 contracts (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
Common Stock purchased: 10,000 shares
Purchase price: $2.7699 per share
Common Stock holdings: 570,000 shares
+4 more
7 metrics
Common Stock purchased
10,000 shares
Open-market purchase of Common Stock at $2.7699 per share
Purchase price
$2.7699 per share
Price paid for 10,000 Common Stock shares
Common Stock holdings
570,000 shares
Total Common Stock directly held after the transaction
Public Warrants underlying shares
215,000 shares
Common Stock underlying Public Warrants at $5.00 exercise price, expiring April 29, 2031
Public Warrants exercise price
$5.00 per share
Exercise price of Public Warrants for Common Stock
Additional Warrants underlying shares
375,000 shares
Common Stock underlying additional Warrants at $15.00 exercise price, expiring March 25, 2036
Additional Warrants exercise price
$15.00 per share
Exercise price of additional Warrants for Common Stock
Key Terms
Public Warrants, exercise price, business combination, open market purchases
4 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 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.
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Greenland Energy (GLND) report?
Greenland Energy reported that director Larry G. Swets Jr. purchased 10,000 shares of Common Stock. The shares were acquired in an open-market transaction, indicating a direct increase in his equity stake in the company at the disclosed purchase price.
What additional Greenland Energy (GLND) warrants are reported in this filing?
Besides Public Warrants, the filing shows additional Warrants exercisable for 375,000 Greenland Energy Common Stock shares at a $15.00 exercise price. These Warrants expire on March 25, 2036 and were issued in connection with a prior business combination.
Were the Greenland Energy (GLND) public warrants bought in the market?
Yes. The footnotes state that the Public Warrants, each exercisable for one share of Common Stock at $5.00 per share, were acquired in open market purchases. This clarifies how the director obtained this derivative position in Greenland Energy.
AI-generated analysis. How Rhea-AI works. Not financial advice.
