Pelican Acquisition Corporation beneficial ownership filing shows Merus Global Investments, LLC beneficially owns 633,558 Ordinary Shares, representing 5.3% of the class based on 11,998,750 shares outstanding as of December 19, 2025.
The filing states Merus has sole voting and sole dispositive power over all 633,558 shares. The signature block is by the filer’s General Counsel.
Pelican Acquisition Corporation filed an 8-K noting that the SEC has declared effective its Form S-4 registration statement for a proposed business combination with Greenland Exploration Limited and March GL Company. The combined company will be named Greenland Energy Company and is expected to list on Nasdaq under the ticker “GLND” after closing.
Pelican has scheduled a virtual extraordinary general meeting of shareholders for March 17, 2026, at 10:00 a.m. Eastern Time to vote on the business combination and related proposals. Shareholders of record as of February 19, 2026 will receive a definitive proxy statement/prospectus and are entitled to vote at the meeting.
Pelican Acquisition Corporation filed an 8-K after announcing that Greenland Energy Company’s leadership secured a strategic Arctic logistics agreement with Canadian maritime group Desgagnés. The deal provides ice-class vessel capacity and beach-landing services to move equipment and crews for drilling in Greenland’s Jameson Land Basin, the first onshore oil exploration program there in over 50 years.
The agreement was executed by March GL Company, which, together with Greenland Exploration Limited, is pursuing a business combination with Pelican. A Form S-4 registration statement for this merger, including a proxy statement/prospectus, was declared effective on February 17, 2026, and Pelican plans to mail definitive materials to shareholders for the upcoming vote.
Upon closing of the business combination, the combined company is expected to be named Greenland Energy Company and list on Nasdaq under the ticker “GLND,” focusing on responsible development of Greenland’s energy resources.
Decagon Asset Management LLP and Benjamin John Durham have reported a significant passive stake in Pelican Acquisition Corp. They beneficially own 1,038,901 ordinary shares, representing 8.66% of the company’s outstanding ordinary shares as of December 31, 2025.
The position is held through investment funds and accounts managed by Decagon, with Decagon and Durham sharing voting and dispositive power over these shares. They certify the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Pelican Acquisition Corp.
Pelican Acquisition Corp received an amended Schedule 13G from institutional investor Meteora Capital, LLC and its managing member Vik Mittal, stating they now beneficially own 0 shares of the company’s Class A common stock, representing 0% of the class.
The filing notes that Meteora Capital previously reported a larger position but now falls under the threshold for significant holders, with Item 5 confirming ownership of 5 percent or less of the class. The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Pelican Acquisition Corp.
Meteora Capital, LLC filed a Schedule 13G reporting beneficial ownership of 751,469 shares of Pelican Acquisition Corp Class A common stock, representing 6.2629% of the class as of 12/31/2025.
Meteora Capital and its managing member Vik Mittal report shared voting and dispositive power over these shares through funds and managed accounts they oversee, and state the holdings are in the ordinary course of business, not for changing or influencing control of Pelican.