Greenland Energy to Raise $70M Via 17.5M Shares With $5 Warrants
Greenland Energy has priced a public offering of 17.5 million shares or pre-funded warrants at $4.00 per share, each with a five-year warrant exercisable at $5.00, targeting gross proceeds of $70 million. The offering is expected to close April 29, 2026, and warrants will begin trading under the symbol GLNDW on April 28, 2026.
1. Offering Terms
Greenland Energy has priced a public offering of 17.5 million common shares, or pre-funded warrants in lieu thereof, at $4.00 per share, aiming to generate $70 million in gross proceeds before fees and expenses. Investors will receive one warrant for each share or pre-funded warrant purchased.
2. Warrant Structure and Listing
Each warrant is exercisable at $5.00 per share over a five-year term. Warrants are approved for listing on the Nasdaq Global Market under the ticker GLNDW and are set to begin trading on April 28, 2026.
3. Use of Proceeds and Timeline
Proceeds from the offering will be used for general corporate purposes, including working capital and operating expenses. The offering is anticipated to close on April 29, 2026, with ThinkEquity serving as the sole placement agent.