Pelican Advances Greenland-Focused Energy Business Combination Plan
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Pelican Acquisition Corporation (PELI) announced plans for a business combination with March GL, Greenland Exploration Limited, and Pelican Holdco, Inc. to create a publicly listed Greenland-focused energy company. The company highlighted Greenland's strategic Arctic position and its resource potential, filing a registration statement with the SEC. Shareholders will vote on the transaction, which aims to address regulatory and market risks in the energy sector. Pelican is focused on Greenland's hydrocarbon and mineral resources, with a current market cap of $123.7M.
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