Greenland Mines Ltd. filed a Form S-1 registration statement with the SEC on October 26, 2026, covering the resale of 1,400,000 shares of common stock by former stockholders of NNSR Holdings Inc. acquired through a September 1, 2026 merger closing.

Key Highlights

  • Shares registered: 1,400,000 shares of common stock are being registered for resale by selling stockholders.
  • Acquisition consideration: At the September 1, 2026 closing, Greenland Mines issued 1,040,676 shares of common stock and 359,324 shares of Series R Preferred stock to NNSR Holdings Inc. stockholders.
  • Series R Preferred conversion: Each share of Series R Preferred is convertible into one share of common stock, but no conversions may occur prior to stockholder approval, according to the filing.
  • No company proceeds: The filing states that Greenland Mines will not receive any proceeds from the resale of shares by the selling stockholders.
  • Common stock outstanding: The filing reports 13,685,941 shares of common stock outstanding prior to the offering, including shares to be offered by the selling stockholders.
  • Reference share price: On October 22, 2026, the average of the high and low sales prices of the company's common shares was $5.98 per share, according to the filing.
  • Original merger agreement: Greenland Mines entered into an Agreement and Plan of Merger with Neo North Star Resources, Inc. on May 20, 2026, with the agreement later amended on September 1, 2026 to substitute NNSR Holdings Inc. as the target entity.

Greenland Mines Registers Former NNSR Stockholder Shares Following September 2026 Acquisition Closing

Greenland Mines Ltd., a Delaware corporation trading on the NASDAQ Capital Market under the symbol NASDAQ:GRML, filed a Form S-1 registration statement on October 26, 2026, to register for resale 1,400,000 shares of common stock held by former stockholders of NNSR Holdings Inc. The filing identifies the company as a non-accelerated filer, smaller reporting company, and emerging growth company.

According to the filing, Greenland Mines originally entered into an Agreement and Plan of Merger with Neo North Star Resources, Inc. on May 20, 2026. The parties later amended the agreement on September 1, 2026 to substitute a new parent entity, NNSR Holdings Inc. At the closing of the amended agreement on September 1, 2026, the company issued 1,040,676 shares of common stock and 359,324 shares of newly designated Series R Preferred stock to the NNSR stockholders as acquisition consideration. The 1,400,000 shares covered by this prospectus consist of the 1,040,676 common shares issued at closing plus the 359,324 common shares issuable upon conversion of the Series R Preferred stock.

The filing discloses that each share of Series R Preferred is convertible into one share of common stock by the holder, but states that "no conversions of the Series R Preferred stock may occur prior to the approval of our stockholders." The selling stockholders may offer their shares through public or private transactions at fixed, prevailing market, varying, or negotiated prices. The filing notes that any broker-dealers or agents involved in resales "may be deemed to be 'underwriters' within the meaning of the Securities Act." The company's principal executive offices are located at 1300 South Boulevard, Suite D, Charlotte, NC 28203.

What Was Disclosed

Greenland Mines Ltd. filed a Form S-1 on October 26, 2026, registering 1,400,000 shares for resale by former NNSR Holdings Inc. stockholders following a September 1, 2026 acquisition closing. The company will not receive any proceeds from the resale.