Successfully merged with Greenland Exploration Limited and March GL Company • Now trading as GLND
SPAC Overview
$75M
IPO Size
$508K
Trust (as of 2026-01-31)
Completed
Current Status
2025
IPO Year
Timeline Progress
About
Pelican Acquisition Corporation is a blank-check company seeking to complete an initial business combination. It has no identified target and intends to primarily focus on target businesses within the technology industry.
Investment Focus
Technology
The terms and the filing trail behind Pelican Acquisition Corp
What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.
- Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
- Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
- The full 8-K lifecycle timeline, each event linked to its filing
- Price history across the unit, share and warrant tickers
- Follow it, and see it change on your watchlist
SPAC Team
Sponsors
Leadership
Underwriters
Extended Team Information
Robert Labbe brings more than 30 years of real-estate experience, legal and finance leadership, and experience serving on SPAC boards. The director nominees have backgrounds in air freight, advertising, law, consulting and business leadership, with experience at other SPACs and cross-border businesses.
Stock Performance
GLND
Trading Symbol
First Trade
March 23, 2026
$7.70
At Merger
March 26, 2026
$13.00
+69%
6 Months Post-Merger
September 25, 2026
$5.54
-57%
Current Price
October 1, 2026
$4.40
-43%
Key Information
IPO Date
May 23, 2025
Total Redemptions
$77.7M
State of Incorporation
E9
SIC
6770
Completion Date
March 25, 2026
Merger Target
Greenland Exploration Limited and March GL Company
SPAC Ticker
PELI
Merged Ticker
GLND