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Form 4 Greenland Energy Co For: Dec 05 Filed by: BAQAR HASSAN

May 4, 2026 4:10 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
BAQAR HASSAN
(Last) (First) (Middle)
C/O GREENLAND ENERGY COMPANY
3400 EAST BAYAUD AVENUE, SUITE 400
(Street)
DENVER CO 80209
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Greenland Energy Co [ GLND ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/25/2026 C 3,000 A (1) $ 428,000 D
Common Stock 05/04/2026 P 45,000 A $ 2.9 (2) $ 473,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Pelican Rights (1) $ 0 12/05/2025 P 30,000 03/25/2026 03/25/2026 Common Stock 3,000 $ 0.299 30,000 D
Pelican Rights (1) $ 0 03/25/2026 C 30,000 03/25/2026 03/25/2026 Common Stock 3,000 $ 0 0 D
Warrants (3) $ 15 04/24/2026 03/25/2036 Common Stock 375,000 375,000 D
Public Warrants (4) $ 11.5 05/04/2026 P 25,000 05/04/2026 04/21/2031 Common Stock 25,000 $ 0.999 (5) 25,000 D
Explanation of Responses:
1. On December 5, 2025, the Reporting Person purchased 30,000 rights of Pelican Acquisition Corporation ("Pelican Rights") on the open market at $0.299 per right. Each ten (10) Pelican Rights entitled the holder to receive one (1) share of common stock upon consummation of a business combination. On March 25, 2026, the 30,000 Pelican Rights automatically converted into 3,000 shares of common stock of Greenland Energy Company in connection with the closing of the business combination, at an effective cost basis of approximately $2.99 per share. The Pelican Rights and the resulting shares of common stock were inadvertently omitted from the Reporting Person's Initial Statement of Beneficial Ownership on Form 3 filed on March 31, 2026, and are being reported herein.
2. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.78 to $2.93 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
3. Comprised of 375,000 warrants, with each warrant exercisable for one share of common stock, par value $0.0001 per share, of Greenland Energy Company at an exercise price of $15.00 per share. These warrants were issued to the Reporting Person in connection with the business combination consummated by Greenland Energy Company (formerly Pelican Holdco, Inc.), March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation.
4. Comprised of 25,000 public warrants (ticker: GLNDW), with each warrant exercisable for one share of common stock, par value $0.0001 per share, of Greenland Energy Company at an exercise price of $11.50 per share. These warrants were acquired in an open market purchase.
5. The price reported is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.99 to $1.00 per warrant. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.
/s/ Hassan R. Baqar 05/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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