On March 18, 2026, Pelican Acquisition Corporation filed a Form 8-K with the SEC, detailing significant developments regarding its business combination with Greenland Exploration Limited and related entities. The filing includes a Regulation FD disclosure about an interview with Robert Price, CEO of Greenland Energy Company, discussing the recent rise in oil prices. The interview highlights the implications of rising diesel prices on inflation and the broader economy, emphasizing the importance of oil supply stability. Additionally, the filing mentions that Pelican has submitted a registration statement on Form S-4, which includes a proxy statement/prospectus that will be mailed to shareholders for voting on the business combination. This combination is expected to create a new public entity, PubCo, which will focus on energy production and exploration. The filing also contains a transcript of the interview as Exhibit 99.1, providing further insights into the strategic direction of the combined entity and its potential impact on the market. The business combination is seen as a strategic move to enhance shareholder value and capitalize on the current energy market dynamics.
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