Greenland Energy Stock Climbs Following Merger Completion, Nasdaq Debut

Greenland Energy Company (NASDAQ: GLND) shares rose 2.15% to $13.28 following the completion of its merger with Pelican Acquisition Corporation, which was approved by shareholders on March 19. The company began trading under the new ticker on March 26 and focuses on developing Greenland's natural resources, particularly the Jameson Land Basin, which has an estimated potential of 13 billion barrels of recoverable oil. Greenland Energy has secured government approval for infrastructure development and partnered with Halliburton for logistics and drilling support.