Core Points - GreenPower Motor Company Inc. has closed the fourth tranche of its secured term loan offering for a total principal amount of U.S. $200,000 [1] - The net proceeds from the loans will be allocated towards production costs, supplier payments, payroll, and working capital [2] - The loans are secured by a general security agreement on the company's assets and will bear an interest rate of 12% per annum for a term of two years [3] - As part of the loan agreement, the company issued 263,157 non-transferable share purchase warrants and 52,631 shares to one of the lenders [4] - The lenders are considered "related parties" under Multilateral Instrument 61-101, but the transactions are exempt from formal valuation and minority approval requirements [5] - All securities issued in connection with the loans will be subject to a statutory hold period of four months plus a day from the closing of the initial loan [6] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [7] - The company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components [7] - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California, with a NASDAQ listing since August 2020 [7]

Core Viewpoint - GreenPower Motor Company Inc. announces the fourth tranche of a secured term loan offering totaling U.S. $200,000 to support production costs, supplier payments, payroll, and working capital [1][2]. Group 1: Loan Details - The fourth tranche of U.S. $200,000 will be closed with companies associated with the CEO and a Director of the Company [2]. - The Company will issue non-transferable share purchase warrants as an inducement for the Loans, with the number of warrants based on the principal amount divided by the Market Price [3]. - One of the Lenders will receive Loan Bonus Shares, calculated as 20% of the principal amount of the Loans divided by the Market Price [3]. Group 2: Related Party Transactions - The Lenders are considered "related parties" under Multilateral Instrument 61-101, and the transactions are exempt from formal valuation and minority approval requirements due to their fair market value being less than 25% of the Company's market capitalization [4]. Group 3: Securities Issuance - All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan [5]. Group 4: Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans, focusing on zero-emission solutions [6].

Core Viewpoint - GreenPower Motor Company Inc. has successfully closed the third tranche of a secured term loan offering amounting to U.S. $300 million, aimed at supporting its production and operational costs [1][2]. Group 1: Loan Details - The loans are secured by a general security agreement on the company's assets, subordinated to all senior debt, and will incur an interest rate of 12% per annum for a term of two years [3]. - The net proceeds from the loans will be allocated towards production costs, supplier payments, payroll, and working capital [2]. Group 2: Related Party Transactions - The loans involve agreements with companies controlled by the CEO and a Director, qualifying as related party transactions under Multilateral Instrument 61-101, but are exempt from formal valuation and minority approval requirements [5]. - As part of the loan agreement, the company issued 340,909 non-transferable share purchase warrants and 68,181 shares to one of the lenders [4]. Group 3: Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, and cargo vans, focusing on zero-emission solutions [7]. - The company was founded in Vancouver, Canada, and has operational facilities in southern California, with a NASDAQ listing since August 2020 [7].

Core Viewpoint - GreenPower Motor Company Inc. is announcing the second tranche of a secured term loan offering totaling U.S. $500,000 to support its operations and production costs [1][2]. Group 1: Loan Details - The second tranche of U.S. $500,000 is expected to be closed with companies associated with the CEO and a Director of the Company [2]. - The net proceeds from the Loans will be allocated towards production costs, supplier payments, payroll, and working capital [2]. Group 2: Inducements for Loans - As an inducement for the Loans, the Company will issue non-transferable share purchase warrants to one of the Lenders, with the number of warrants based on the principal amount divided by the Market Price [3]. - Two Lenders will receive Loan Bonus Shares, calculated as 20% of the principal amount of the Loans divided by the Market Price [3]. Group 3: Related Party Transactions - The Lenders are considered "related parties" under Multilateral Instrument 61-101, and the Loans and associated securities are classified as "related party transactions" but are exempt from formal valuation and minority approval requirements [4]. Group 4: Securities Regulations - All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan [5]. Group 5: Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [6]. - The Company employs a clean-sheet design for its vehicles, ensuring they are purpose-built for battery power with zero emissions [6]. - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California, with a NASDAQ listing since August 2020 [6].

Core Points - GreenPower Motor Company Inc. held its Annual General and Special Meeting (AGM) on May 23, 2025, where significant corporate decisions were made [1] - Shareholders elected all management's director nominees and re-approved the Company's 2022 Equity Incentive Plan [2] - BDO Canada LLP was appointed as the Company's auditors for the upcoming fiscal year [2] - The Board of Directors appointed Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary for the next year [3] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [4] - The Company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components [4] - GreenPower was founded in Vancouver, Canada, with primary operational facilities in southern California, and it has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [4]

Core Points - GreenPower Motor Company Inc. has closed the first tranche of a secured term loan offering amounting to U.S. $500,000 [1] - The net proceeds from the loan will be allocated towards production costs, supplier payments, payroll, and working capital [2] - The loan is secured by a general security agreement on the company's assets and will bear an interest rate of 12% per annum for a term of two years [3] - The company issued 1,086,956 non-transferable share purchase warrants to the initial lenders, allowing them to purchase shares at an exercise price of U.S. $0.46 for 24 months [4] - The initial lenders are considered related parties, and the transaction is exempt from formal valuation and minority approval requirements [5] - All securities issued in connection with the loan will be subject to a statutory hold period of four months plus a day from the closing date [6] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [7] - The company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components [7] - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California, with a NASDAQ listing since August 2020 [7]

Core Viewpoint - GreenPower Motor Company Inc. is announcing a term loan offering of up to U.S. $2,000,000 to support its operations and production costs, with an interest rate of 12% per annum and a term of two years [1][2]. Loan Details - The loan will be secured by a general security agreement on the company's assets, subordinated to all senior debt [1]. - The first tranche of U.S. $500,000 is expected to close with initial lenders associated with the CEO and a Director of the company [2]. - The net proceeds from the loan will be allocated towards production costs, supplier payments, payroll, and working capital [2]. Loan Bonus Warrants - As an inducement for the loan, the company will issue non-transferable share purchase warrants to each initial lender, with the number of warrants determined by the loan amount divided by the market price [3]. - Each warrant will allow the holder to purchase one common share at an exercise price not less than the market price on the closing date for a period of 24 months [3]. - For future tranches, the company may issue loan bonus warrants or bonus common shares up to 20% of the loan amount [4]. Regulatory and Compliance - The closing of the loan is subject to corporate and regulatory approvals, including acceptance by the TSX Venture Exchange [5]. - The loan and issuance of loan bonus warrants are considered related party transactions but are exempt from formal valuation and minority approval requirements due to their market capitalization [6]. Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, and cargo vans [7]. - The company employs a clean-sheet design approach to manufacture zero-emission vehicles and integrates global suppliers for key components [7]. - GreenPower was founded in Vancouver, Canada, and completed its U.S. IPO and NASDAQ listing in August 2020 [8].

Core Points - The Infrastructure Investment and Jobs Act (IIJA) funded Round 2 of the Clean School Bus Program (CSBP), awarding $18.565 million to seven West Virginia school districts for 50 all-electric school buses manufactured by GreenPower [1] - GreenPower has successfully delivered the first four BEAST school buses within 90 days of the contract signing with the EPA, emphasizing the importance of timely delivery for the safety and health of students [2] - The company is the only all-electric Original Equipment Manufacturer (OEM) in the U.S. that produces both Class 4 Type A and Class 8 Type D school buses, showcasing its leadership in the electric school bus market [3] Funding and Delivery - The delivery of school buses was briefly paused due to a spending freeze by the Trump Administration, but was resumed thanks to the efforts of Senator Shelley Moore Capito and the EPA [2] - The Round 2 grant funding is seen as a well-structured approach to allocate resources effectively, involving multiple stakeholders in the planning process [2] Product Specifications - The BEAST is a 40-foot Type D all-electric school bus with a capacity of up to 90 students, featuring a corrosion-resistant aluminum body and a high-strength steel chassis [3] - The Nano BEAST, an award-winning model, has a standard 118 kWh battery pack and a range of up to 140 miles, designed for up to 24 passengers [4] Company Overview - GreenPower designs and manufactures a range of all-electric vehicles, including school buses, with a focus on zero emissions and battery-powered solutions [6] - The company was founded in Vancouver, Canada, and has operational facilities in southern California, with a public listing on the Toronto exchange since November 2015 and a NASDAQ listing since August 2020 [6]

VANCOUVER, BC, March 14, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced its annual stock option grant to the Directors, Officers, Employees and Consultants. The Company granted 525,000 incentive stock options to the four Independ ...

Core Points - GreenPower Motor Company has entered into a sales agreement with Roth Capital Partners to establish an at-the-market equity program allowing the issuance of up to US$850,000 of common shares [1] - The proceeds from the sales will be used for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, as well as for product development and general corporate purposes [1] - The ATM Program is conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission [3] Company Overview - GreenPower designs, builds, and distributes a full suite of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [5] - The company employs a clean-sheet design approach to manufacture vehicles that are purpose-built to be battery-powered with zero emissions [5] - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California [5]