Greenland Energy director buys 76,700 public warrants
Greenland Energy Co director Baqar Hassan bought additional public warrants linked to the company’s common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Greenland Energy Co director Baqar Hassan bought additional public warrants linked to the company’s common stock. He purchased 76,700 public warrants on May 7, 2026 at a weighted average price of $1.089 per warrant, in open-market transactions.
Following these purchases, he directly holds 101,700 public warrants exercisable at $5.00 per share and 473,000 shares of common stock. He also holds warrants issued in a prior business combination that are exercisable for 375,000 shares at $15.00 per share and expire on March 25, 2036.
Insider Trade Summary
Net Buyer: 76,700 shares
Net Buy
3 txns
Insider
BAQAR HASSAN
Role
Director
Bought
76,700 shs ($84K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Public Warrants | 76,700 | $1.089 | $84K |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Public Warrants — 101,700 contracts (Direct);
Warrants — 375,000 contracts (Direct);
Common Stock — 473,000 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 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $1.06 to $1.10 per warrant. 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
Public warrants purchased: 76,700 warrants
Weighted average purchase price: $1.089 per warrant
Public warrant price range: $1.06–$1.10 per warrant
+5 more
8 metrics
Public warrants purchased
76,700 warrants
Open-market purchase on May 7, 2026
Weighted average purchase price
$1.089 per warrant
Public warrant purchases in multiple trades
Public warrant price range
$1.06–$1.10 per warrant
Range of individual trade prices
Public warrants held after
101,700 warrants
Direct holdings following transaction
Common stock held
473,000 shares
Direct common stock ownership after transaction
Private warrants underlying shares
375,000 shares
Warrants from business combination
Private warrant exercise price
$15.00 per share
Warrants expiring March 25, 2036
Public warrant exercise price
$5.00 per share
Public warrants expiring April 29, 2031
Key Terms
Public Warrants, weighted average price, open market purchases, business combination, +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 is a weighted average price. These warrants were purchased in multiple transactions"
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.
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 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.
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "375000.0000""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Greenland Energy Co (GLND) report in this Form 4?
Greenland Energy Co reported that director Baqar Hassan bought 76,700 public warrants in open-market transactions. These derivative securities each allow purchase of one share of common stock at a set exercise price, increasing his potential future exposure to GLND shares.
At what prices did Baqar Hassan buy GLND public warrants in this filing?
He bought 76,700 public warrants at a weighted average price of $1.089 per warrant. Footnotes state the purchases occurred in multiple trades between $1.06 and $1.10, all in open-market transactions, under the public warrant ticker GLNDW.
How many Greenland Energy Co public warrants does Baqar Hassan hold after the transaction?
After the reported purchases, Baqar Hassan directly holds 101,700 public warrants. Each public warrant is exercisable for one share of Greenland Energy Co common stock at an exercise price of $5.00 per share, with an expiration date of April 29, 2031.
What other Greenland Energy Co securities does Baqar Hassan hold besides public warrants?
He directly holds 473,000 shares of Greenland Energy Co common stock and warrants issued in a prior business combination. Those additional warrants are exercisable for 375,000 common shares at $15.00 per share and expire on March 25, 2036, according to the filing.
How do the GLND warrants held by Baqar Hassan differ in exercise price and term?
He holds two warrant types with different terms. Public warrants are exercisable at $5.00 per share and expire April 29, 2031, while private warrants from the business combination are exercisable at $15.00 per share for 375,000 shares and expire March 25, 2036.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates