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Greenland Acquisition Corp (GTEC)



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Upturn Advisory Summary
08/28/2025: GTEC (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $13
1 Year Target Price $13
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -60.79% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 24.70M USD | Price to earnings Ratio 2.56 | 1Y Target Price 13 |
Price to earnings Ratio 2.56 | 1Y Target Price 13 | ||
Volume (30-day avg) 1 | Beta 1.96 | 52 Weeks Range 1.14 - 2.94 | Updated Date 08/28/2025 |
52 Weeks Range 1.14 - 2.94 | Updated Date 08/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Earnings Date
Report Date 2025-08-29 | When - | Estimate - | Actual -0.2 |
Profitability
Profit Margin 9.43% | Operating Margin (TTM) -10.7% |
Management Effectiveness
Return on Assets (TTM) 4.58% | Return on Equity (TTM) 12.32% |
Valuation
Trailing PE 2.56 | Forward PE 8.06 | Enterprise Value 21528580 | Price to Sales(TTM) 0.3 |
Enterprise Value 21528580 | Price to Sales(TTM) 0.3 | ||
Enterprise Value to Revenue 0.26 | Enterprise Value to EBITDA 1.73 | Shares Outstanding 17394200 | Shares Floating 11183444 |
Shares Outstanding 17394200 | Shares Floating 11183444 | ||
Percent Insiders 35.71 | Percent Institutions 6.08 |
Upturn AI SWOT
Greenland Acquisition Corp

Company Overview
History and Background
Greenland Acquisition Corp was a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It was founded to target businesses with a connection to Greenland or sustainable industries. After failing to complete a merger, the company liquidated and delisted.
Core Business Areas
- SPAC Formation: Greenland Acquisition Corp's core business was being a Special Purpose Acquisition Company (SPAC), aiming to identify and acquire a target company.
Leadership and Structure
Greenland Acquisition Corp was led by its management team prior to its liquidation. As a SPAC, its structure was relatively simple, designed to facilitate a merger transaction.
Top Products and Market Share
Key Offerings
- Initial Public Offering (IPO): Greenland Acquisition Corp's main product was its initial public offering, which raised capital from investors to fund its acquisition activities. Market share data is not applicable as it's a SPAC's specific IPO. Competitors are other SPACs looking for acquisitions. Market Share is 0, since the firm liquidated.
Market Dynamics
Industry Overview
The SPAC industry experienced a boom and bust cycle, with high initial activity followed by increased regulatory scrutiny and a decline in merger completion rates.
Positioning
Greenland Acquisition Corp aimed to position itself within the sustainable industries sector, focusing on companies with ties to Greenland. However, it ultimately failed to find a suitable target and liquidated.
Total Addressable Market (TAM)
The TAM for SPAC acquisitions is the total value of private companies seeking to go public. However, Greenland Acquisition Corp did not acquire any. TAM is not applicable, due to liquidation.
Upturn SWOT Analysis
Strengths
- Experienced management team (initially)
- Focus on sustainable industries
- Targeted geographic focus (Greenland)
Weaknesses
- Failed to identify and complete a merger
- Reliance on finding a suitable acquisition target
- Liquidation and delisting
Opportunities
- Potential future sustainable investment opportunities
- Ability to leverage Greenland's natural resources
Threats
- Increased competition from other SPACs
- Regulatory changes impacting SPACs
- Difficulty finding suitable targets
Competitors and Market Share
Key Competitors
Competitive Landscape
As a liquidated SPAC, Greenland Acquisition Corp no longer has competitors. At the time it was actively searching for a target, its competitors were other SPACs with similar investment mandates.
Growth Trajectory and Initiatives
Historical Growth: N/A - Greenland Acquisition Corp liquidated.
Future Projections: N/A - Greenland Acquisition Corp liquidated.
Recent Initiatives: The company undertook efforts to find merger targets and negotiate deals, but none were successful before liquidation.
Summary
Greenland Acquisition Corp. was a SPAC that ultimately failed to find a suitable merger target and liquidated. This resulted in a return of capital to shareholders, but no long-term value creation. The company struggled to navigate the competitive SPAC market and the challenges of identifying viable businesses. Investors should be wary of the risks associated with SPAC investments.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- SPAC Research
- Company Press Releases (prior to liquidation)
Disclaimers:
The information provided is based on historical data available prior to the company's liquidation. Actual results may vary. This analysis is for informational purposes only and not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Greenland Acquisition Corp
Exchange NASDAQ | Headquaters East Windsor, NJ, United States | ||
IPO Launch date 2018-08-08 | CEO & President Mr. Raymond Z. Wang | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 345 | Website https://ir.gtec-tech.com |
Full time employees 345 | Website https://ir.gtec-tech.com |
Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions. Its products are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. Greenland Technologies Holding Corporation was and is headquartered in East Windsor, New Jersey.

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