8-K
filed March 27, 2026, 7:59 PM ET
ticker GLND
CIK 0002093507
M&A
confidence high
sentiment neutral
materiality 0.90
Greenland Energy Co (GLND): auditor change — Greenland Energy Company completes business combination with SPAC; begins trading on Nasdaq
Greenland Energy Co
- Closed triple merger on March 25, 2026; PubCo renamed Greenland Energy Company.
- Issued 21.5M shares valued at ~$215M to former owners of March GL and Greenland.
- SPAC shareholders redeemed 7.56M shares for ~$78M; post-close shares outstanding: 26.1M.
- PubCo common stock began trading on Nasdaq under ticker GLND on March 26, 2026.
- Robert Price appointed CEO, Ashiq Merchant CFO; new board (6 independent directors) effective closing.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Greenland Energy Co dismissed Fruci & Associates II, PLLC as its auditor.
- Action
- dismissal
- Auditor
- Fruci & Associates II, PLLC
- Successor
- MaloneBailey LLP
Exact text from the filing
Fruci & Associates II, PLLC, the independent registered public accounting firm for Pelican HoldCo Inc., March GL Company, and Greenland Exploration Limited prior to the Business Combination (“Fruci”), was dismissed as of the date of the consummation of the Business Combination.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Greenland Energy Co engaged MaloneBailey LLP as its auditor.
- Action
- engagement
- Auditor
- MaloneBailey LLP
Exact text from the filing
he consummation of the Business Combination, PubCo appointed MaloneBailey LLP (“Malone”) as PubCo’s independent registered public accounting firm to audit PubCo’s consolidated financial statements as of and for the year ending December 31, 2026.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Greenland Energy Co engaged MaloneBailey LLP as its auditor.
- Action
- engagement
- Auditor
- MaloneBailey LLP
Exact text from the filing
PubCo appointed MaloneBailey LLP (“Malone”) as PubCo’s independent registered public accounting firm to audit PubCo’s consolidated financial statements as of and for the year ending December 31, 2026.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Greenland Energy Co: Adopted new Bylaws on the Closing Date to reflect post-business-combination governance.
- Change
- bylaw amendment
Exact text from the filing
On the Closing Date, PubCo filed the Amended and Restated Certificate of Formation and adopted new Bylaws.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Greenland Energy Co: Filed Amended and Restated Certificate of Formation on the Closing Date to reflect post-business-combination governance.
- Change
- charter amendment
Exact text from the filing
On the Closing Date, PubCo filed the Amended and Restated Certificate of Formation and adopted new Bylaws.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Greenland Energy Co: SPAC ceased to be a shell company as of the Closing Date upon completion of the business combination.
- Change
- shell status
Exact text from the filing
As a result of the Business Combination, which fulfilled the definition of a business combination as required by SPAC’s organizational documents, the SPAC ceased to be a shell company (as defined in Rule 12b-2 of the Exchange Act) as of the Closing Date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Greenland Energy Co entered into Lock-Up Agreements with certain stockholders of the Companies.
- Action
- entry
- Counterparty
- certain stockholders of the Companies
Exact text from the filing
PubCo entered into Lock-Up Agreements (the " Lock-Up Agreements ") with certain stockholders of the Companies, pursuant to which each of the parties to the Lock-Up Agreements agreed not to effect any sale or distribution of any equity securities of PubCo held by any of them during the lock-up period set forth therein.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Greenland Energy Co entered into Registration Rights Agreement with certain stockholders of the Companies, the Sponsor, and certain SPAC stockholders.
- Action
- entry
- Counterparty
- certain stockholders of the Companies, the Sponsor, and certain SPAC stockholders
Exact text from the filing
PubCo entered into a Registration Rights Agreement (the " Registration Rights Agreement ") pursuant to which it agreed to register for resale shares of PubCo Common Stock and other securities held by certain stockholders of the Companies, the Sponsor, and certain SPAC stockholders, subject to the terms and conditions described therein.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Greenland Energy Co terminated Investment Management Trust Agreement with Continental Stock Transfer & Trust Company.
- Action
- termination
- Counterparty
- Continental Stock Transfer & Trust Company
Exact text from the filing
that certain Investment Management Trust Agreement, dated as of May 27, 2025, between SPAC and Continental Stock Transfer & Trust Company (" Continental "), pursuant to which Continental held certain of the proceeds of SPAC’s initial public offering in a trust account and facilitated the redemption of SPAC public shares, was terminated.
View on SEC.gov
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