Greenland Energy shares surge 29.38% in premarket after completing SPAC merger, appointing Joe Moglia as executive advisor, and reporting 1.3 billion recoverable barrels of oil.

Greenland Energy surged 29.38% in premarket trading, following its Nasdaq listing on March 25, 2026, through a merger with Pelican Acquisition and Greenland Exploration. The company also announced the appointment of former TD Ameritrade CEO Joe Moglia as Executive Advisor for Arctic development and capital strategy. Greenland Energy holds a 70% interest in three onshore licenses in the East Greenland Jameson Land Basin, with independent assessments estimating recoverable oil resources of up to 1.3 billion barrels.