Welcome to our dedicated page for PELICAN ACQUISITION SEC filings (Ticker: PELI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on PELICAN ACQUISITION's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into PELICAN ACQUISITION's regulatory disclosures and financial reporting.
Pelican Acquisition Corporation filed a Rule 425 communication about its planned business combination with Greenland Exploration Limited and March GL Company. At closing, the combined company will be named Greenland Energy Company and is expected to list on NASDAQ as “GLND.” The reverse merger implies a $215 million valuation for the public entity if the deal closes.
Management highlighted an onshore exploration plan in Greenland’s Jameson Land Basin, with the first well tentatively next summer and a second pilot well targeted for fall 2026. A 3‑mile access road is slated to begin construction early next year, and contracts are in place with Halliburton, IPT Well Solutions, and Stampede Drilling. March GL will fund 100% of costs for up to two exploration wells to earn up to 70% interest, while partner 80 Mile retains 30%.
The filing notes grandfathered exploration licenses despite a 2021 moratorium and references resource assessments ranging from a 2008 USGS view to a 2025 Sproule ERCE estimate. The parties caution closing could slip from an intended December timeline due to a government shutdown.
Pelican Acquisition Corporation furnished an Investor Presentation under Item 7.01 of Form 8-K regarding a proposed business combination involving Pelican, Greenland Exploration Limited, and March GL, with a go-forward public company referred to as PubCo (Greenland Energy Company). The presentation is provided as Exhibit 99.1.
The materials are furnished, not filed, are not subject to Section 18 liability, and are not incorporated by reference. Pelican intends to file a Form S-4 registration statement containing a preliminary proxy statement/prospectus; after effectiveness, a definitive proxy statement/prospectus will be mailed to shareholders. Documents will be available at www.sec.gov.
The filing includes forward‑looking statements with cautions about risks such as shareholder approvals, redemptions, listing, timing, potential termination, and regulatory or legal proceedings. Pelican’s securities trade on Nasdaq as PELIU (units), PELI (ordinary shares), and PELIR (rights).
Pelican Acquisition Corporation (PELI) furnished an Investor Presentation as Exhibit 99.1 to a Form 8-K under Item 7.01 in connection with a proposed business combination involving Greenland Exploration Limited, March GL, and PubCo (the Greenland Energy Company). The presentation may be used at investor meetings and is incorporated by reference into Item 7.01.
Pelican plans to file a Form S-4 registration statement that will include a proxy statement/prospectus; after effectiveness, Pelican will mail the definitive proxy statement/prospectus to shareholders for voting at the Pelican Shareholder Meeting. The information is furnished, not filed, is subject to forward-looking statement disclaimers, and does not constitute an offer or solicitation. The filing outlines risks that could affect completion, including shareholder approvals, redemptions, listing of PubCo shares, potential delays or termination, regulatory proceedings, and costs related to the business combination.
Pelican Acquisition Corp. completed an IPO selling 7,500,000 units at $10.00 per unit for gross proceeds of $75,000,000 and concurrently sold 276,250 Private Placement Units for $2,762,500 to the Sponsor and underwriter representative. The underwriters exercised the full over-allotment on May 28, 2025, adding 1,125,000 Option Units for $11,250,000 and triggering an additional private placement of 22,500 units for $225,000. Underwriting commissions and offering costs totaling $2,635,148 were charged to equity. At IPO date $507,955 of cash was held outside the Trust Account for working capital and interest earned on Trust assets totaled $635,672. The company disclosed significant ongoing costs pursuing an initial Business Combination, limited working capital, and concluded there is substantial doubt about its ability to continue as a going concern until a Business Combination or liquidation. The company has until August 27, 2026 to complete a Business Combination unless extended.
FAQ
What is the current stock price of PELICAN ACQUISITION (PELI)?
What is the market cap of PELICAN ACQUISITION (PELI)?
