On March 19, 2026, Pelican Acquisition Corporation (NASDAQ: PELI) successfully held an extraordinary general meeting of shareholders, where they approved the proposed business combination with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company. The meeting saw a quorum with 7,034,878 ordinary shares represented, which is approximately 58.63% of the total shares entitled to vote. The shareholders voted in favor of several proposals, including the Business Combination Proposal, which received 6,509,645 votes for and 400,135 against. The approval of this business combination is expected to create a publicly traded energy company focused on enhancing global energy security through the responsible development of Greenland's natural resources. The transaction is anticipated to be consummated on or about March 24, 2026, with the common stock of Greenland Energy Company expected to begin trading on the Nasdaq Global Market under the symbol 'GLND' on March 25, 2026. This development is seen as a significant step forward for Pelican Acquisition Corp, positioning it strategically within the energy sector.

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