Greenland Mines Ltd (GRML) Form 424B5 — Aug 27, 2026
Greenland Mines Ltd (Nasdaq: GRML) is running a $20 million best-efforts offering of 4,000,000 shares at $5.00 per share, with 2,367,217 pre-funded warrants at $4.9999 offered to buyers who would otherwise breach 4.99%/9.99% ownership limits. A.G.P./Alliance Global Partners is sole placement agent on a 7.0% fee ($1.4 million), and there is no minimum amount required to close, so proceeds could fall far short of the maximum. The $5.00 price is roughly 42% below the last reported sale price of $8.55 on August 24, 2026, and new investors face immediate book dilution of $1.14 per share.
Key figures
- Deal Value Usd
- 35000000
- Gross Proceeds
- 20000000
- Offering Price
- 5
- Shares Offered
- 4000000
- Lockup Period
- 30 days
- Pro Forma Ntbv
- 27100000
- Ntbv Per Share Pre
- 2.91
- Atm Program Size Usd
- 50000000
- Reverse Split Ratio
- 1-for-50
- Placement Agent Fee Usd
- 1400000
- Pro Forma Ntbv Per Share
- 3.86
- Common Shares Component
- 1632783
- Last Reported Sale Price
- 8.55 (Aug 24, 2026)
- Pre Funded Warrant Price
- 4.9999
- Merger Cash Consideration
- 20000000
- Net Tangible Book Value Pre
- 9200000
- Offering Termination Date
- 2026-09-21
- Series CConversion Shares
- 40800776
- Merger Stock Consideration
- 15000000
- Placement Agent Fee Percent
- 7.0%
- Pre Funded Warrants Offered
- 2367217
- Net Proceeds Before Expenses
- 18600000
- Reverse Split Effective Date
- 2026-08-24
- Shares Outstanding Pre Offering
- 3177013
- Shares Outstanding Post Offering
- 7177013
- Dilution Per Share To New Investors
- 1.14
- Use Of Proceeds For Sarfartoq Acquisition
- 18000000
Price after filing
Close on the filing date to close N calendar days later (from $5.26). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.