Greenland Energy Co director Larry G. Swets Jr. reported two direct dispositions of common stock on September 28, 2026: 120,000 shares and 5,000 shares. The related footnotes state that each transfer was made for no consideration.
Hassan Baqar reported disposition transactions in this Form 4 filing. Greenland Energy Co director Hassan Baqar reported transferring 75,000 common shares for no consideration on September 28, 2026. His directly held position following the transfer was 398,000 shares.
Greenland Energy Company (GLND) issued a shareholder letter describing its Greenland exploration status and selected financial and operating details. The exploration-stage oil and gas company said it has no earnings, production or proved reserves and has not drilled its first well. Sproule ERCE independently prepared its 3U, unrisked prospective resource estimate: approximately 1.1 billion barrels at the low end, about 4.2 billion at the best estimate and 13 billion at the high end; none are reserves.
GLND said operating cash use over six months was $4.6 million; $17.5 million was capitalized into the asset and $10.5 million was prepaid exploration costs and deposits. It sold shares and warrants for approximately $70 million in cash. Warrants carry $5.00 and $15.00 strike prices and, if exercised in full, would bring roughly $110 million of new cash; potential exercise occurs only if the stock price exceeds the applicable strike price. GLND paid £500,000 to preserve its right to earn up to a 70% working interest for two more years. Environmental baseline work at the planned well site was approved in August. The company also reported that its controls were not yet effective and that it is addressing an identified weakness.
Greenland Energy Co. (GLND) confirmed completion of its 2026 environmental baseline field program at the Jameson Land Project in East Greenland. The government-approved work included soil and freshwater sampling, vegetation and habitat studies, and recording wildlife and bird activity, focused on proposed well locations and the coastal landing site. Greenland’s Ministry of Business and Mineral Resources issued field activity approvals to White Flame Energy A/S, the license holder, on August 19, 2026, for activities under OEEL 2015/13 and OEEL 2015/14 through September 30, 2026. Greenland Energy said the surveys provide additional baseline data for the ongoing Environmental Impact Assessment and permitting process toward exploration drilling; its executive chairman said this work took place before any drilling decision.
Greenland Energy Co (GLND) furnished an update describing UK disclosure obligations connected to a potential offer by Greenland Energy for 80 Mile PLC, announced on September 8, 2026. The company issued a press release, treated as furnished information, to notify its shareholders and warrant holders of requirements under the UK City Code on Takeovers and Mergers.
The notice explains that under Rule 8.3 of the Code, any person interested in 1% or more of a relevant security in any party to the offer period must make Opening Position and, where applicable, Dealing Disclosures within specified deadlines, and provides contact details for the UK Takeover Panel and links to further information.
The press release also reiterates Greenland Energy’s focus as an exploration-stage oil and gas company targeting the Jameson Land Basin in East Greenland, where it is preparing the first modern onshore drilling campaign in an approximately 2-million-acre licensed area.
Greenland Energy Company (GLND) has announced indicative terms for a potential all-share acquisition of 80 Mile plc under the UK Takeover Code’s Rule 2.4, and no firm offer has yet been made. The proposed consideration is 0.01108 new Greenland Energy common shares for each 80 Mile share, valuing 80 Mile’s existing issued share capital at £61.48 million and each 80 Mile share at approximately 1.1p, based on a Greenland Energy share price of $1.37 and an exchange rate of US$1.35:£1.00 on September 4, 2026.
Between August 25 and September 3, 2026 Greenland Energy acquired 246,765,352 80 Mile shares at prices between 0.53p and 0.82p, representing 4.42% of 80 Mile’s issued share capital; under Rule 6.1(a) any offer must be on no less favourable terms than 0.82p per 80 Mile share, save with Panel consent. As of June 30, 2026, Greenland Energy reported approximately US$37.4 million of cash and cash equivalents, US$67.6 million of total assets and US$1.4 million of total liabilities, and had a market capitalisation of about US$60 million.
The boards present a strategic rationale focused on consolidating 100% ownership of the Jameson Land Basin licences into a single Nasdaq-listed vehicle and combining Greenland Energy’s capital access with 80 Mile’s broader Greenland- and Europe-focused resource portfolio. Following a successful offer, the Greenland Energy directors currently intend to issue warrants to existing Greenland Energy shareholders, on a record date to be determined, to subscribe for shares at $1.50 per share on the basis of up to one warrant per existing share; 80 Mile shareholders would not be eligible for these warrants. Under Rule 2.6(a) of the Code, by October 6, 2026 Greenland Energy must either announce a firm intention to make an offer or state that it does not intend to make an offer, and the announcement emphasises that there can be no certainty any firm offer will be made.
Greenland Energy Co (GLND) filed an initial statement of beneficial ownership (Form 3) for Craig Carol Marlene, who is reported as a director of the company. The filing reports no equity or derivative holdings and no transactions in Greenland Energy Co securities at this time.
Greenland Energy Company received an updated ownership report from a group of Citadel-affiliated entities and Kenneth Griffin. The reporting persons may be deemed to beneficially own 2,713,536 Shares of common stock, representing 5.8% of the outstanding Shares.
The percentage is based on 46,389,975 Shares outstanding, including 43,730,194 Shares outstanding as of May 13, 2026 and 2,659,781 Shares issuable upon conversion of certain warrants held by affiliates of the reporting persons. All voting and dispositive authority is reported as shared, with no sole voting or dispositive power for any reporting person.
Greenland Energy Company is an exploration-stage oil and gas company focused on Greenland that, for the quarter and six months ended June 30, 2026, reported no revenue and a net loss of $4.9 million and $5.7 million, respectively. Operating expenses rose sharply versus 2025 as the company absorbed public-company costs, exploration planning, and $0.5 million of noncash stock-based compensation plus $0.3 million of stock issued for services.
Total assets were $67.6 million, including $37.4 million of cash and $17.5 million of unevaluated oil and gas properties, against only $1.4 million of liabilities, for stockholders’ equity of $66.2 million. Liquidity was bolstered by a March 2026 business combination and an April 2026 public offering that generated approximately $70 million of gross proceeds, partly offset by transaction costs.
The company had 43,730,194 common shares outstanding, plus 19,000,000 warrants, 1,600,000 stock options and 215,000 RSUs that are currently antidilutive. Management identified a material weakness in internal control over financial reporting related to incomplete formal documentation of its control framework but is undertaking remediation while asserting that the financial statements fairly present results.
Greenland Energy Company, an exploration-stage oil and gas company focused on the Jameson Land Basin in East Greenland, reported an update on its Greenland drilling permits. Its joint venture partner, 80 Mile plc, which is leading the permitting process, has been informed by the Government of Greenland that the project’s complexity will require a more extensive, comprehensive review.
The partners are now working toward a targeted permit timeline for winter 2027, extending the anticipated permitting process. Management states it will use the additional time to refine project plans, optimize logistics and infrastructure, and deepen relationships with local communities, strategic partners and authorities. The company highlights that it operates in an approximately 2‑million‑acre onshore licensed area and reiterates significant risks, including financing needs, exploration-stage status, lack of proved reserves, commodity price volatility, and regulatory, environmental and Arctic operating risks associated with its Greenland activities.