Pelican Acquisition (NASDAQ: PELI) announced that Ashiq Merchant has been appointed chief financial officer of Greenland Energy Company ahead of the proposed business combination between the two entities. Upon completion of the transaction, which is expected to follow the March 17, 2026 Extraordinary General Meeting of shareholders, the combined company is expected to trade on Nasdaq under the ticker symbol “GLND,” with Merchant overseeing financial operations, capital markets strategy, governance and regulatory compliance as the company advances development plans for the Jameson Land Basin.
To view the full press release, visit https://ibn.fm/KM00N
About Greenland Exploration Limited
Greenland Exploration Limited is a Texas-based entity focused on developing strategic positions in North American energy assets. Through its partnerships, Greenland aims to deliver long-term shareholder value in a dynamic and evolving energy market. https://www.linkedin.com/company/greenland-energy-company
About March GL Company
March GL Company, a privately-owned Texas Corporation, entered into an agreement with 80 Mile for drilling to commence at the Jameson oil and gas basin in Greenland. March GL will fund 100% of the costs associated with up to two exploration wells, which are designed to delineate the sedimentary structure and energy potential of the Jameson Land Basin. In return, March GL will earn through 80 Mile’s subsidiary company up to 70% interest in the entire basin. March GL Company will be appointed as the Field Operations Manager.
More information is available on its website www.MarchGL.com
About Pelican Acquisition Corporation
Pelican Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Pelican is not limited to any particular industry or geographic region in identifying prospective targets.
NOTE TO INVESTORS: The latest news and updates relating to PELI are available in the company’s newsroom at http://ibn.fm/PELI
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