VANCOUVER, BC, July 8, 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, announces the closing of the fifth tranche of its previously announced secured term loan offering on July 4, 2025 for an aggregate principal amount of U.S. $250,000 (collectiv ...

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. 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 - General Motors (GM) is focusing on revitalizing its Cadillac brand to regain its status as a leading American luxury vehicle manufacturer, emphasizing a shift towards all-electric vehicles and a unique product strategy to differentiate Cadillac from other GM brands [3][7][12]. Group 1: Cadillac's Market Position and Strategy - Cadillac aims to reclaim its prominence in the luxury vehicle market, which has seen increased competition from brands like BMW, Mercedes-Benz, and Tesla [4][5]. - The luxury vehicle market is critical for automakers due to higher profit margins and the status symbol appeal among affluent customers [5]. - Cadillac's sales in the U.S. increased by 18% in the first quarter of the year, marking its best retail performance since 2008, with average transaction prices reaching $77,900 [24][25]. Group 2: Leadership and Vision - GM President Mark Reuss has taken a personal interest in Cadillac, describing it as a "one chance" opportunity to elevate the brand [9][12]. - The leadership team has been consistent in their approach to Cadillac, focusing on a clear vision for the brand's future, which includes a lineup of all-electric vehicles and exclusive product offerings [13][30]. - The Cadillac Celestiq, a bespoke electric vehicle priced at $300,000, represents the pinnacle of Cadillac's new strategy and is currently being relaunched after production delays [20][21]. Group 3: Challenges and Opportunities - Cadillac faces challenges in the Chinese market, where sales have declined significantly, dropping from nearly 232,000 vehicles in 2021 to approximately 110,400 units in 2024 [27]. - Despite challenges in China, Cadillac's domestic growth presents a significant opportunity, with plans to rebuild sales capabilities and potentially re-enter the European market [28][29]. - Analysts recognize Cadillac as a valuable asset within GM, highlighting the brand's potential for growth amid other faltering opportunities [23].