Greenland Energy Co (GLND) Form 10-Q — Aug 13, 2026
Greenland Energy Company filed its first 10-Q since completing its reverse-recapitalization business combination with Pelican Acquisition Corporation on March 25, 2026, reporting a Q2 2026 net loss of $4.9 million ($0.13 per share) versus $0.4 million a year earlier and a six-month net loss of $5.7 million, with zero revenue as the company remains a pre-production, exploration-stage oil and gas operator in Greenland.
Key figures
- Revenue
- 0
- Total Debt
- 0
- Total Assets
- 67567358
- Cash Position
- 37423185
- Gross Proceeds
- 70000000
- Offering Price
- 4
- Shares Offered
- 17500000
- Shares Outstanding
- 43730194
- Total liabilities
- 1363865
- Stock comp expense
- 533223
- Stockholders equity
- 66203493
- Stock issuance costs
- 3300000
- Warrants outstanding
- 19000000
- Six month financing inflow
- 69817250
- Weighted avg warrant strike
- 5.79
- Antidilutive potential shares
- 20815000
- Oil gas properties capitalized
- 17512053
- Prepaid exploration costs deposits
- 11935024
- Business combination transaction costs
- 8100000
Price after filing
1 day: +2.4%7 days: +18.4%30 days: -2.4%
Close on the filing date to close N calendar days later (from $1.25). Historical, not a forecast.
AI analysis
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