• Greenland Energy posted a net loss of about $0.8 million, or $0.04 per share, for the three months ended March 31, 2026, with no revenue.
• Operating expenses totaled about $0.8 million, driven by public company readiness work, professional fees, exploration planning, administrative costs, and Business Combination-related items.
• Cash and cash equivalents were about $3.1 million at March 31, 2026, with total assets of about $7.1 million and total liabilities of about $3.9 million.
• Net cash used in operating activities was about $2.5 million, while financing cash flow provided about $6.1 million, including about $11 million of business combination proceeds offset by about $5.6 million of transaction-cost payments.
• After quarter-end, the company completed an offering of 16,250,000 shares, 1,250,000 pre-funded warrants and 17,500,000 common warrants for about $70 million in gross proceeds, earmarked primarily for exploration and working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenland Energy Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-005111), on May 13, 2026, and is solely responsible for the information contained therein.