Greenland Mines Ltd (GRML) Form S-1 — Oct 26, 2026
Greenland Mines Ltd. filed an S-1 registering 1,400,000 shares of common stock for resale by selling stockholders, equal to roughly 10.2% of its 13,685,941 shares outstanding. The shares consist of 1,040,676 common shares issued and 359,324 shares issuable upon conversion of Series R Preferred stock, all delivered as consideration for the September 1, 2026 acquisition of NNSR Holdings Inc. The company will receive no proceeds from the resale; all net proceeds go to the selling stockholders, who include former NNSR holders such as Neo North Star Holdings LLC, Weston Energy III LLC, and Anortech Inc.
Key figures
- Gross Proceeds
- 8372000
- Offering Price
- 5.98
- Shares Offered
- 1400000
- Shares Outstanding
- 13685941
- Affiliate shares
- 259069
- Non affiliate float shares
- 13426872
- Common shares issued at closing
- 1040676
- Resale shares pct of outstanding
- approximately 10.2%
- Series r preferred convertible shares
- 359324
AI analysis
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