GreenPower Announces Fourth Tranche of Term Loan

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].