Greenland Energy shares surge 57.96% intraday after merger with Greenland Exploration and appointment of Joe Moglia.

Greenland Energy surged 57.96% intraday, driven by three key developments: the completion of Pelican Acquisition’s merger with Greenland Exploration on March 25, 2026, leading to Greenland Energy’s Nasdaq listing as GLND; the appointment of former TD Ameritrade CEO Joe Moglia as Executive Advisor for Arctic development and capital markets strategy; and the company’s 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.