Greenland Energy Co director files initial ownership report
Greenland Energy Co director McCabe Daniel M. has filed a Form 3, which is an initial statement of beneficial ownership as a company insider. The provided data show no buy, sell, or other share transactions reported in this filing.
Greenland Energy Company is registering up to 8,101,852 shares of common stock, together with an equal number of pre-funded warrants and common warrants, in a Nasdaq-listed public offering, alongside the resale of 14,196,822 existing shares of common stock by selling stockholders.
Each share, or pre-funded warrant in its place, is sold with one five-year common warrant, and additional shares are registered for issuance upon warrant exercise. The company expects gross proceeds of about $70 million at a reference price of $8.64 per share, before fees and expenses, to fund general corporate purposes and its exploration program in Greenland’s Jameson Land Basin.
Before the offering, 26,155,232 shares of common stock are outstanding, with a pro forma 34,257,084 shares outstanding after the offering, assuming full exercise of pre-funded warrants and no exercise of common warrants.
Greenland Energy Company is conducting a mixed securities offering and resale registration under a Form S-1. The company plans a primary sale of approximately 8,101,852 shares of common stock and/or Pre-funded Warrants, together with 8,101,852 Common Warrants, targeting about $70 million in gross proceeds at an assumed price of $8.64 per share. At the same time, it is registering the resale of 14,196,822 shares of common stock held by existing investors, most of which are subject to lockup agreements.
Before the offering, 26,155,232 common shares are outstanding, rising to 34,257,084 shares after the deal, assuming full exercise of Pre-funded Warrants and no warrant exercises. The proceeds are earmarked mainly for general corporate purposes and to support exploration of the Jameson Land Basin in East Greenland, where the company controls over 2 million gross acres and has independent estimates of about 13 billion barrels of 3U gross un-risked prospective recoverable oil.
Greenland Energy Co reports that FG Merchant Partners LP beneficially owns 1,535,594 shares of Common Stock, representing 5.88% of the class based on 26,110,252 shares issued and outstanding as of March 25, 2026. The filing lists sole voting and sole dispositive power over the reported shares.
Greenland Energy Co director and Chief Executive Officer Price Robert Brooks filed an initial ownership report showing 7,386,889 shares of Common Stock held directly. According to the footnote, these shares were issued to him in connection with a completed business combination involving Greenland Energy Company and related entities.
Greenland Energy Co’s Chief Executive Officer, Robert B. Price, filed a Schedule 13D reporting beneficial ownership of 7,386,889 shares of the company’s common stock. These shares were issued to him and his affiliates in exchange for their interests in March GL Company under a September 9, 2025 merger agreement.
Price states he holds the shares for investment purposes and, as CEO and director, may buy or sell additional shares over time. His holdings are subject to a Lock-Up Agreement that restricts sales for at least 90 days after closing, or until the stock closes at or above $15.00 per share for 10 trading days within a 20‑day period, or a change of control occurs.
Greenland Energy Co filed a Form 3 for its Chief Financial Officer, Merchant Ashiq Abbas. The insider filing data show no reported share purchases, sales, exercises, gifts, tax withholdings, or restructurings, with net insider share transactions listed as zero and no derivative positions summarized.
Greenland Energy Co director files initial ownership report. Wollney Scott D filed a Form 3 as a director of Greenland Energy Co (ticker GLND). The filing lists no transactions and shows no reported holdings or derivative positions, serving only as an initial disclosure of insider status.
Greenland Energy Co director McIllree Roderick Claude has filed an initial ownership report showing a significant equity stake. The filing records beneficial ownership of 1,846,723 shares of common stock of Greenland Energy Co, issued to him in connection with a business combination involving Greenland Energy Company, March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation.
Greenland Energy Co director Larry G. Swets Jr. reported his initial holdings. He holds 425,000 shares of Common Stock directly.
He also holds 375,000 Warrants, each exercisable for one share of common stock at an exercise price of $15.00 per share. These warrants are exercisable from April 24, 2026 and expire on March 25, 2036, representing rights over 375,000 underlying common shares.