GreenPower Announces Completion of Second Tranche of Preferred Share Financing

Core Viewpoint - GreenPower Motor Company Inc. has successfully issued the second tranche of Series A Convertible Preferred Shares, raising gross proceeds of US$879,700 as part of a larger offering of up to US$18 million [1][2]. Group 1: Financial Details - The second tranche consists of 926 Series A Convertible Preferred Shares issued under a Securities Purchase Agreement dated November 14, 2025 [1]. - Each Series A Convertible Preferred Share can be converted into common shares based on a conversion rate that includes 105% of the stated value plus any additional amounts owed at the time of conversion, divided by 125% of the closing price of common shares on NASDAQ the day before issuance [2]. - A cash placement fee of 5% of the cash proceeds raised will be paid to Digital Offering LLC for their services in this offering [3]. Group 2: 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 [5]. - The company employs a clean-sheet design approach to manufacture vehicles that are purpose-built for battery power and zero emissions, integrating global suppliers for key components [5].