Greenland Energy Appoints Ashiq Merchant as CFO for Public Transition

Houston, March 13, 2026 - Greenland Energy Company ("Greenland") today announced the appointment of Ashiq Merchant, a former BP executive, as its Chief Financial Officer. This strategic appointment comes as the company progresses its proposed business combination with Pelican Acquisition Corporation (NASDAQ: PELI). Following the expected closing of the transaction, anticipated after the Extraordinary General Meeting of Shareholders on March 17, 2026, the combined company will commence trading on the Nasdaq under the ticker symbol "GLND".

In his role as CFO, Mr. Merchant will oversee all financial operations and reporting, capital markets activities, governance, regulatory compliance, capital allocation, and strategy. He is expected to play a critical role in executing the financial strategy required to unlock the potential of the Jameson Land Basin and to support value creation for shareholders.

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