Greenland Exploration and March GL to go public via SPAC merger with Pelican Acquisition in a $315m deal.

Greenland Exploration, a Texas-based entity focused on developing strategic positions in North American energy assets, and March GL, a privately-owned Texas Corporation, agreed to go public via SPAC merger with Pelican Acquisition, 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, in a $315m deal. "This transaction marks a watershed moment in bringing Greenland's vast energy potential to the global stage. We're excited to partner with Robert Price and his exceptional team at March GL, working alongside Greenland Exploration to establish the first U.S. public company focused on this critical opportunity. We believe that by uniting Greenland Exploration's proven resource portfolio with March GL's operational excellence and Pelican's capital markets expertise, Greenland Energy will be uniquely positioned to drive responsible growth, accelerate economic diversification in Greenland, and advance strategic priorities for the United States and our allied partners,” Larry G. Swets, Jr., Greenland Exploration CEO.