GLND$2.76+2.80%
Greenland Energy Co
Sector: Drilling Oil & Gas WellsIndustry: Oil & Gas Exploration & ProductionCountry: USExchange: Nasdaq
Mkt Cap:$120.48M
Float & O/S:
Inst Own:
DilutionScan read 30 of Greenland Energy Co's SEC filings and found 4 warrant series, 1 S-1 registration and 1 completed offering on file for GLND. The latest dilution event on file is an offering on Apr 29, 2026. Analysis updated Oct 12, 2026.
Signal8 Summary
GLND
Speculative pre-revenue explorer, merger pending
Snapshot
Greenland Energy is a pre-revenue oil explorer working Greenland's Jameson Land Basin. FY 2025 revenue was $0, with an operating loss of $1.1M, though a $1.2M net gain from non-operating items left net income positive.
What's Happening Right Now
- : Greenland Energy and 80 Mile signed a Deed of Variation and Novation on September 23, 2026, extending both exploration well deadlines to December 31, 2028 and shifting drilling-permit costs onto Greenland Energy for a £500,000 fee.
- : Greenland Energy disclosed indicative terms for an all-share merger with joint venture partner 80 Mile plc, valuing 80 Mile at roughly £61.48 million; the company has until October 6, 2026 to make a firm offer or walk away.
- : On August 11, 2026 the company said permitting for its Jameson Land Basin drilling has slipped to a winter 2027 target after Greenland's government requested a more extensive review.
- : The company's first 10-Q since its March 2026 reverse-recapitalization showed zero revenue, a $4.9M Q2 net loss, and $37.4M in cash after an April 2026 offering that raised roughly $70M gross.
- : Greenland Energy issued a formal UK Takeover Code notice to shareholders regarding disclosure requirements tied to its potential offer for 80 Mile plc.
