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Pelican Acquisition Shareholders Approve Greenland Energy Deal

7/10Mar 20, 2026

Fossil Fuel

Merger Vote

Merger:

Mar 26, 2026

Greenland Energy Co (GLND)Pelican Acquisition Corp

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Pelican Acquisition Shareholders Approve Business Combination with Greenland Exploration and March GL

Mar 20, 2026 8:26 AM ET

Houston, USA - Pelican Acquisition Corporation (NASDAQ: PELI) announced today the successful approval of its business combination with Pelican Holdco, Inc. ("PubCo"), Greenland Exploration Limited, and March GL Company. The shareholders of Pelican Acquisition Corporation unanimously approved the proposed transaction and all other presented proposals at an Extraordinary General Meeting held on March 19, 2026. The parties anticipate the business combination to be finalized on or about March 24, 2026.

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About Greenland Energy Co

Greenland Energy Company is an exploration stage oil and gas company focused on responsibly exploring and seeking to develop Greenland’s hydrocarbon resources, with an emphasis on the Jameson Land Basin in East Greenland. The Company’s primary mission is to unlock the frontier hydrocarbon potential of the Jameson Land Basin, an approximately 2 million acre onshore licensed area, through the application of modern exploration technologies. The Company is advancing preparations for future exploration activity in the region. For more information, please visit www.GreenlandEnergyCo.com.

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