[SCHEDULE 13D] Greenland Energy Co Major Shareholder Acquisition (>5%)
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insights
CEO discloses a large post‑merger stake with lock-up restrictions.
Robert B. Price reports beneficial ownership of 7,386,889 common shares of Greenland Energy Co, received in exchange for his and his affiliates’ interests in March GL Company through a merger. The filing confirms a sizeable aligned ownership position by the CEO.
The Lock-Up Agreement limits his ability to sell until at least 90 days after closing, or earlier if the share price closes at or above $15.00 for 10 trading days within a 20‑day window, or upon a change of control. This structure ties liquidity to both time and market performance, and the filing mainly serves to formalize his stake and related restrictions.