secwatch.observer — SEC 8-K summary
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Issuer:     Greenland Energy Co (GLND)
CIK:        0002093507
Form:       8-K
Filed at:   2026-09-08T10:05:32+00:00
Accession:  0001829126-26-009787
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenland Energy proposes all-share merger with 80 Mile plc valuing it at £61.48M
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- Consideration: 0.01108 new GLND shares per 80 Mile share; values 80 Mile at £61.48M (~1.1p/share).
- Premium of 42.86% to 3 Sept close, 46.67% to 7 Sept close; 64.18% above July 2026 placing price.
- GLND owns 4.42% of 80 Mile (246.77M shares) bought 25 Aug-3 Sep at avg 0.73p; offer, if made, ≥0.82p.
- Deal consolidates 100% Jameson Land licences; 2025 Sproule ERCE estimate 13.03B bbl (P10) oil; Dundas ilmenite 117Mt @ 6.1%.
- No firm offer yet; Rule 2.6 deadline 6 Oct 2026. GLND cash $37.4M (30 Jun 2026); warrant plan $1.50 strike for GLND holders only.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2093507/000182912626009787/0001829126-26-009787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2093507/000182912626009787/greenlandenergy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-009787

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