FG Merchant Partners LP filed a Schedule 13G with the U.S. Securities and Exchange Commission on April 9, 2026, disclosing beneficial ownership of 1,535,594 shares of Greenland Energy Co., equal to 5.88% of the company’s outstanding common stock, based on 26,110,252 shares outstanding as of March 25, 2026. The filing states the shares are directly beneficially owned by FG Merchant Partners LP.
FG Merchant Partners sits within the FG merchant-banking platform. In a January 29, 2026 release, FG Nexus said the platform operates under the leadership of Larry Swets, Head of Merchant Banking, alongside partners Hassan Baqar, Kyle Cerminara, and Joe Moglia. Nasdaq’s April 7 Opening Bell event page identified Larry G. Swets, Jr. as Executive Chairman of Greenland Energy Company.
A Schedule 13G is a short-form beneficial ownership filing available in certain circumstances under SEC Rule 13d-1. In plain terms, it is an ownership disclosure, not a change-of-control filing. In this case, the filer checked Rule 13d-1(c), and the filing includes the standard certification that the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.
Greenland Energy Company’s path to market is already on the record. Nasdaq said the business combination of Pelican Acquisition Corporation and Greenland Energy Company became effective on March 25, 2026, and the company’s completion announcement said Greenland Energy common stock would commence trading on Nasdaq under the ticker GLND on March 26, 2026.
GreenlandEnergy.com is an independent institutional publication. It has no affiliation with Greenland Energy Company (Nasdaq: GLND) and holds no position in GLND or any related entity.
Source: Schedule 13G filed by FG Merchant Partners LP; related company and market records.
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