PR Newswire·Apr 27, 2026, 11:31 PM ET

Greenland Energy Announces Pricing of $70 Million Public Offering

Greenland Energy Company (Nasdaq: GLND) priced a public offering of 17,500,000 shares or Pre-Funded Warrants at $4.00 per unit.
Each unit includes an accompanying common stock warrant immediately exercisable at $5.00 per share that expires five years from issuance.
Gross proceeds from the offering are expected to total $70 million before fees and expenses.
Warrants are approved for Nasdaq listing, expected to commence trading under the symbol "GLNDW" on April 28, 2026.
The offering is scheduled to close on April 29, 2026, subject to customary conditions.
Net proceeds will be used for general corporate purposes, including working capital and operating expenses.
ThinkEquity is acting as the sole placement agent for the transaction.
A Form S-1 registration statement became effective on April 27, 2026, and the final prospectus is available via the SEC or ThinkEquity.