---
title: "Pelican Advances Greenland Energy Merger Amid Market Volatility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278432579.md"
description: "Pelican Acquisition Corporation is advancing its merger with Greenland Exploration Limited amid rising oil and gas prices due to geopolitical tensions. CEO Robert Price discussed the energy sector's volatility on Newsmax. The SEC has approved a Form S-4 registration for shareholder voting, marking a significant step towards forming the Greenland Energy Company. The merger faces uncertainties regarding timing, completion, and post-merger performance, which could impact shareholder outcomes. Pelican aims to establish a publicly traded entity focused on energy activities, with a current market cap of $123.3M."
datetime: "2026-03-09T18:17:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278432579.md)
  - [en](https://longbridge.com/en/news/278432579.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278432579.md)
---

# Pelican Advances Greenland Energy Merger Amid Market Volatility

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An update from Pelican Acquisition Corporation ( (PELI) ) is now available.

On March 7, 2026, March GL chief executive Robert Price, who is set to lead the future Greenland Energy Company, appeared on Newsmax Inc. to discuss the jump in oil and gas prices following attacks on Iran, underscoring the heightened volatility facing the energy sector. The media appearance comes as Pelican Acquisition Corporation advances its business combination with Greenland Exploration Limited, March GL and Pelican Holdco, with the SEC having declared effective a Form S-4 registration statement on February 17, 2026 for shareholder voting, a key milestone toward creating the Greenland Energy Company as a new publicly traded energy vehicle.

The transaction process designates Pelican, Greenland, March GL and the future PubCo as participants in proxy solicitation, with investors directed to SEC filings for detailed information on governance, risks and the mechanics of the deal. The extensive disclosure of potential legal, regulatory, market and operational risks highlights the material uncertainties still surrounding the timing, completion and post-merger performance of the combined company, signaling that both execution of the deal and subsequent trading liquidity may significantly affect shareholder outcomes.

**More about Pelican Acquisition Corporation**

Pelican Acquisition Corporation is a special purpose acquisition company pursuing a business combination with Greenland Exploration Limited and March GL Company in the energy sector. The planned transaction would create Greenland Energy Company as the go-forward public entity, positioning the combined group to operate as a listed player focused on oil and gas exploration and related energy activities.

**Average Trading Volume:** 316,858

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** $123.3M

For a thorough assessment of PELI stock, go to TipRanks’ Stock Analysis page.

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