Form 8-K
8-K — Greenland Energy Co
Accession: 0001829126-26-011775
Filed: 2026-10-29
Period: 2026-10-23
CIK: 0002093507
SIC: 1381 (DRILLING OIL & GAS WELLS)
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October
29, 2026 (October 23, 2026)
Greenland Energy Company
(Exact
name of registrant as specified in its charter)
Texas
001-43210
39-4828593
(State
or other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
3400 East Bayaud Avenue, Suite 400
Denver, Colorado 80209
(Address
of principal executive office) (Zip Code)
(918)
361-7000
(Registrant’s
telephone number, including area code)
Not
applicable
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
stock, par value $0.0001 per share
GLND
The
Nasdaq Stock Market LLC
Warrants
to purchase Common Stock
GLNDW
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
Independent Director Requirements
As previously disclosed on October 22, 2026, Roderick
McIllree, a member of the board of directors (the “Board”), of Greenland Energy Company, a Texas corporation
(the “Company”), resigned from the Board and all assignments with the Company on October 20, 2026 (the “McIllree
Resignation”).
As a result of the McIllree Resignation, the Company
notified the Nasdaq Stock Market LLC (“Nasdaq”) on October 23, 2026 (the “Nasdaq Notification”)
that (i) it was no longer in compliance with the majority independent director requirement under Nasdaq Listing Rule 5605(b)(1), and
(ii) it was no longer in compliance with the audit committee requirement under Nasdaq Listing Rule 5605(c)(2)(A) that there be at least
three “independent directors” serving on the Board’s audit committee (“Audit Committee”).
As a result of the Nasdaq Notification, the Company received a letter from Nasdaq, dated October 28, 2026, pursuant to which Nasdaq
provided the Company with a cure period to regain compliance with such Nasdaq Listing Rules until the earlier of the Company’s next annual shareholders’
meeting or October 20, 2027; provided, however, if the next annual shareholders’ meeting is held before April 19, 2027, then the
Company must evidence compliance no later than April 19, 2027.
On October 27, 2026, the Board appointed Melanie
Furlan, a current independent director, to the Audit Committee. As a result, the Audit Committee is comprised of the following three independent
members of the Board, Ms. Furlan, Scott Wollney, and Carol Craig, and the Audit Committee deficiency has been cured.
The Company intends to take sufficient actions
to regain compliance with all of the foregoing Nasdaq governance requirements on or before the expiration of the applicable cure periods
provided in the Nasdaq Listing Rules.
The foregoing has no immediate effect on the Company’s
Nasdaq listing and its common stock and public warrants will continue to be listed and traded on the Nasdaq Global Market under the
symbols “GLND” and GLNDW, respectively, subject to the listing rules.
Forward-Looking
Statements
This Current Report on Form 8-K contains certain
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”),
and Section 21E of the Exchange Act. All statements, other than statements of historical fact included in this Current Report on Form
8-K, are forward-looking statements. Words such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “project,” “seek,” “should,” “target,” “will,” “would,”
and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these words. These
forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties
that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties
include, but are not limited to those described under “Risk Factors” in our Registration Statement on Form S-1, as amended,
and in our other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize,
or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking
statements. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws. You
should not place undue reliance on any forward-looking statements.
1
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:
October 29, 2026
Greenland
Energy Company
By:
/s/
Robert Price
Name:
Robert
Price
Title:
Chief
Executive Officer
2
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Oct. 23, 2026
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Entity File Number
001-43210
Entity Registrant Name
Greenland Energy Company
Entity Central Index Key
0002093507
Entity Tax Identification Number
39-4828593
Entity Incorporation, State or Country Code
TX
Entity Address, Address Line One
3400 East Bayaud Avenue
Entity Address, Address Line Two
Suite 400
Entity Address, City or Town
Denver
Entity Address, State or Province
CO
Entity Address, Postal Zip Code
80209
City Area Code
(918)
Local Phone Number
361-7000
Written Communications
false
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Pre-commencement Issuer Tender Offer
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Elected Not To Use the Extended Transition Period
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Common Stock, $0.0001 par value per share
Title of 12(b) Security
Common
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Trading Symbol
GLND
Security Exchange Name
NASDAQ
Warrants to purchase Common Stock
Title of 12(b) Security
Warrants
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Trading Symbol
GLNDW
Security Exchange Name
NASDAQ
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