Greenland Energy Company (NASDAQ: GLND) announced the pricing of a public offering of 17.5 million shares at $4.00 per share, expected to generate gross proceeds of $70 million before fees and expenses.

Each share is being sold with an accompanying warrant that allows the holder to purchase one additional share at $5.00 per share. The warrants are exercisable immediately and expire five years from issuance. The warrants will trade separately on the Nasdaq Global Market under the symbol "GLNDW" starting April 28, 2026.

The offering is expected to close on April 29, 2026, subject to customary closing conditions. The company plans to use net proceeds for general corporate purposes, including working capital and operating expenses.

ThinkEquity is serving as the sole placement agent for the offering. The Securities and Exchange Commission declared the company's registration statement effective on April 27, 2026.

Greenland Energy is an energy exploration company focused on developing hydrocarbon resources in Greenland, with emphasis on the Jameson Land Basin. The company operates as a publicly traded platform for Arctic energy development.