Greenland Energy Co 8-K

What Happened

• Greenland Energy Co (PubCo) filed an 8‑K on March 27, 2026 reporting the closing of its business combination (the “Closing Date” events occurred March 26, 2026). As part of the closing, the SPAC securities separated and ceased trading, and PubCo common stock began trading on Nasdaq under the ticker GLND.
• PubCo entered into customary post‑closing agreements including lock‑up agreements, a registration rights agreement, and indemnification agreements for its directors and officers. PubCo also filed an Amended and Restated Certificate of Formation and new Bylaws.

Key Details

• Nasdaq listing: PubCo Common Stock began trading on Nasdaq under the symbol "GLND" on March 26, 2026. Prior SPAC tickers (pre‑closing) included PELIU / PELI / PELIR, which ceased trading on closing.
• Agreements: Lock‑up agreements, a Registration Rights Agreement, and director/officer Indemnification Agreements were entered into on the Closing Date (see Exhibits 10.1–10.3 in the filing).
• Corporate documents: Amended and Restated Certificate of Formation and Bylaws were adopted and filed as Exhibits 3.1 and 3.2.
• Auditor change: MaloneBailey LLP was appointed as PubCo’s independent registered public accounting firm for the year ending December 31, 2026. Fruci & Associates II, PLLC was dismissed; Fruci reported no disagreements or reportable events and provided a letter dated March 27, 2026 (Exhibit 16.1).
• Shell status: The SPAC ceased to be a shell company as of the Closing Date (Rule 12b‑2 definition). A press release announcing the closing was issued March 25, 2026 (Exhibit 99.4).

Why It Matters

• The filing confirms the legal and operational completion of the merger and the company’s transition from a SPAC to an operating public company trading as GLND on Nasdaq. Investors now hold PubCo common stock subject to newly filed organizational documents, trading rules, lock‑ups, and registration rights.
• The new auditor appointment and the absence of reported audit disagreements provide continuity for upcoming financial reporting (MaloneBailey will audit fiscal 2026). The indemnification and corporate governance changes are standard post‑merger protections that affect directors’ and officers’ liability and shareholder rights.