Added to YB: 2026-01-27
Pitch date: 2026-01-17
PELI [bullish]
Pelican Acquisition Corporation
-23.8%
current return
Author Info
No bio for this author
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Company Info
As of March 25, 2026, Pelican Acquisition Corporation was acquired by Greenland Exploration Limited, in a reverse merger transaction.
Market Cap
$98.7M
Pitch Price
$10.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
59.56
EV/Sales
N/A
Sector
Capital Markets
Category
special_situation
Show full summary:
From SPAC to Strategic Asset: $PELI’s Asymmetric Bet on Greenland Energy
PELI: SPAC merging w/ Greenland Energy for 70% of 2M acre Jameson Land Basin, one of largest undrilled hydrocarbon basins. $215M valuation, drilling summer 2026. Trump's Greenland focus creates geopolitical tailwind. Trading near $10.30 NAV floor limits downside risk.
Read full article (2 min)