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 May 13, 2026 at $2.98 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 25,000 Public Warrants on May 13, 2026 at $2.98 per warrant. Each public warrant (ticker GLNDW) is exercisable for one share of common stock at an exercise price of $5.00 per share.
Following this transaction, Swets directly holds 500,000 shares of common stock, 200,000 Public Warrants, and additional private warrants exercisable for 375,000 shares of common stock at $15.00 per share, with those private warrants expiring on March 25, 2036.
Insider Trade Summary
Net Buyer: 25,000 shares
Net Buy
3 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
25,000 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Public Warrants | 25,000 | $2.98 | $75K |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Public Warrants — 200,000 contracts (Direct);
Warrants — 375,000 contracts (Direct);
Common Stock — 500,000 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: 25,000 warrants
Purchase price per public warrant: $2.98 per warrant
Public warrant exercise price: $5.00 per share
+5 more
8 metrics
Public warrants purchased
25,000 warrants
Open-market purchase on May 13, 2026
Purchase price per public warrant
$2.98 per warrant
Public Warrants (ticker GLNDW)
Public warrant exercise price
$5.00 per share
Each public warrant exercisable into one common share
Public warrants held after transaction
200,000 warrants
Total Public Warrants directly owned after purchase
Private warrant exercise price
$15.00 per share
Warrants issued in business combination
Underlying shares from private warrants
375,000 shares
Common stock underlying private warrants
Common shares held
500,000 shares
Direct ownership after reported transactions
Public warrant expiration date
April 29, 2031
Expiration of GLNDW public warrants
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 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.
exercise price financial
"each exercisable for one share of common stock, par value $0.0001 per share, 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.
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 Co (GLND) disclose?
Greenland Energy Co director Larry G. Swets Jr purchased 25,000 Public Warrants in the open market. These derivative securities are tied to common stock and were reported on Form 4 as an open-market purchase at $2.98 per warrant.
At what prices are GLND’s warrants exercisable according to this Form 4?
The Form 4 shows public warrants exercisable at $5.00 per share and additional warrants exercisable at $15.00 per share. Each warrant gives the right to acquire one share of Greenland Energy Co common stock at the stated exercise price.
How many Greenland Energy Co public warrants does the director hold after this transaction?
After the reported purchase, the director holds 200,000 Public Warrants. The transaction added 25,000 warrants at $2.98 each, and each public warrant is exercisable into one share of Greenland Energy Co common stock at a $5.00 exercise price.
When do Greenland Energy Co’s warrants held by the director expire?
The private warrants held by the director expire on March 25, 2036, while the public warrants expire on April 29, 2031. These expiration dates limit how long the director can choose to exercise the warrants into Greenland Energy Co common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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