How much capital will Greenland Mines Ltd. (GRML) receive from the new share issuance?

The company expects gross proceeds of $3,750,000 from issuing 15,000,000 common shares. These funds come from three investors under a Securities Purchase Agreement and represent fresh equity capital for Greenland Mines Ltd., subject to the closing of the transaction.

Greenland Mines to sell 15M shares for $3.75M

Greenland Mines Ltd. entered into a Securities Purchase Agreement with three investors to issue 15,000,000 new common shares for cash proceeds of $3,750,000.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Greenland Mines Ltd. entered into a Securities Purchase Agreement with three investors to issue 15,000,000 new common shares for cash proceeds of $3,750,000. The company plans to use the net proceeds for working capital and general corporate purposes.

The closing of this equity financing is expected to occur on or before June 25, 2026, subject to the terms of the agreement filed as Exhibit 10.1.

Insights

Greenland Mines raises $3.75M via new share issuance.

Greenland Mines Ltd. has agreed to sell 15,000,000 common shares to three investors, generating gross proceeds of $3,750,000. The transaction is documented in a Securities Purchase Agreement classified as a material definitive agreement.

The stated use of proceeds is working capital and general corporate purposes, which typically supports day-to-day operations and near-term obligations. The filing does not quantify the company’s existing capitalization, so the relative dilution and scale of this raise cannot be assessed from the excerpt alone.

The closing is expected on or before June 25, 2026, meaning the capital inflow depends on satisfying closing conditions in the agreement. Subsequent disclosures may clarify final closing status and any additional terms affecting shareholders, such as investor rights or resale provisions.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Shares to be issued: 15,000,000 shares Gross proceeds: $3,750,000 Expected closing date: on or before June 25, 2026

3 metrics

Shares to be issued 15,000,000 shares Common stock under Securities Purchase Agreement

Gross proceeds $3,750,000 Total consideration from three investors

Expected closing date on or before June 25, 2026 Closing timing for equity financing

Key Terms

Securities Purchase Agreement, Material Definitive Agreement, working capital, emerging growth company

4 terms

Securities Purchase Agreement financial

"entered into a Securities Purchase Agreement (the “Agreement”) with three investors"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

Material Definitive Agreement regulatory

"Entry Into or Amendment of a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

working capital financial

"The Company intends to use the net proceeds for working capital and general corporate purposes."

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing did Greenland Mines Ltd. (GRML) announce in this 8-K?

Greenland Mines Ltd. agreed to sell 15,000,000 common shares to three investors for total proceeds of $3,750,000. This equity financing is documented in a Securities Purchase Agreement classified as a material definitive agreement in the Form 8-K filing.

What will Greenland Mines Ltd. (GRML) use the $3.75 million proceeds for?

Greenland Mines Ltd. plans to use the net proceeds from the $3,750,000 equity raise for working capital and general corporate purposes. This typically includes funding operations, supporting liquidity needs, and covering general business expenses rather than a specific project or acquisition.

When is the Greenland Mines Ltd. (GRML) financing expected to close?

The closing of the Securities Purchase Agreement is expected to occur on or before June 25, 2026. Completion of the transaction, and receipt of the $3,750,000 proceeds, depends on satisfying the closing conditions outlined in the agreement filed as Exhibit 10.1.

How many new shares is Greenland Mines Ltd. (GRML) issuing under this agreement?

Greenland Mines Ltd. agreed to issue and sell 15,000,000 shares of its common stock to three investors. These are newly issued shares under a Securities Purchase Agreement, resulting in an equity capital raise for the company once the transaction closes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/17/2026 - 04:01 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 15, 2026

Greenland Mines Ltd.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-41340

86-2727441

(Commission File Number)

(IRS Employer

Identification No.)

1300 South Boulevard, Suite D

Charlotte, NC 28203

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (833) 931-6330

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock	GRML	The Nasdaq Stock Market LLC
Warrants	GRMLW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry Into or Amendment of a Material Definitive Agreement.

On June 15, 2026, Greenland Mines Ltd. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with three investors pursuant to which the Company agreed to issue and sell to the investors, at a closing, a total of 15,000,000 shares of the Company’s common stock for total proceeds of $3,750,000. The Company intends to use the net proceeds for working capital and general corporate purposes.

The closing of the Agreement is expected to occur on or before June 25, 2026.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is filed herewith as Exhibit 10.1, and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibits		Description
10.1		Securities Purchase Agreement
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 17, 2026	GREENLAND MINES LTD.

	By:	/s/ Joseph Sinkule
	Name:	Joseph Sinkule
	Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 SECURITIES PURCHASE AGREEMENT 85.8 KB

Greenland Mines to sell 15M shares for $3.75M

Rhea-AI Filing Summary

Positive

Negative