Core Viewpoint - GreenPower Motor Company Inc. has entered into a Securities Purchase Agreement to issue up to US$18 million of Series A Convertible Preferred Shares, aimed at enhancing its capital structure and supporting its operations in the all-electric vehicle market [1][2]. Financing Details - The initial tranche includes 754 Series A Convertible Preferred Shares issued through a public offering and 425 shares through a private placement, totaling a stated value of $1,179,000 and a purchase price of $1,120,050 [2]. - A follow-on tranche of 926 Series A Convertible Preferred Shares is planned, with a stated value of $926,000 and a purchase price of $879,700, to be filed under a registration statement at a later date [2]. - The institutional investor has the right to acquire additional shares in tranches of up to $2 million, potentially totaling up to US$16 million [2]. Dividend and Conversion Terms - The Series A Convertible Preferred Shares carry a dividend rate of 9% per annum [2]. - Each share is convertible into common shares at 105% of the stated amount or at 125% of the closing price of GreenPower's common shares on NASDAQ prior to issuance, subject to adjustments [2]. Regulatory Compliance - The public offering is conducted under a shelf registration statement filed with the U.S. Securities and Exchange Commission, which was declared effective earlier in 2024 [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 [5].

Core Viewpoint - Prairie Provident Resources Inc. is pursuing a non-binding term sheet for a proposed preferred share financing to raise approximately US$18.9 million (C$26.5 million) and is seeking amendments to its existing debt agreements to improve its financial situation and liquidity [1][3][24]. Proposed Financing - The proposed financing involves the sale of preferred shares to an investor affiliated with the company's largest shareholder, PCEP, at an issue price of C$100 per share, with an annual yield of 8% [6][7]. - The financing is critical for the company to meet existing obligations, strengthen working capital, and fund a development program to drill four new wells by year-end 2025 [4][24]. Debt Amendments - The debt amendments will extend the maturity dates of the First Lien Loan and Second Lien Notes by 24 months and allow the company to defer cash interest obligations through 2026 [16][17]. - These amendments are interrelated with the proposed financing, meaning completion of one is dependent on the other [5]. Financial Hardship Application - Prairie Provident has applied for an exemption from shareholder approval requirements under TSX rules due to its serious financial difficulties, asserting that the proposed financing and debt amendments are necessary for its survival [3][28][30]. Use of Proceeds - The net proceeds from the proposed financing will be allocated as follows: approximately C$8 million for retiring payables, C$13 million for drilling and completing new wells, C$1 million for infrastructure payments, and C$3.5 million for abandonment work [23][24]. Operational Context - The company has faced challenges due to commodity price weakness and insufficient cash flow to meet obligations, necessitating external financing to support its operations and development plans [20][21][29]. - Prairie Provident's recent drilling activities have shown positive results, but additional capital is required to sustain growth and address a significant working capital deficit [19][21][22]. Investor Rights Agreement - The Investor Rights Agreement will be amended to include the new investor, granting them rights such as director nominations and pre-emptive rights for future equity offerings [13][15]. Conditions to Completion - Completion of the proposed financing and debt amendments is contingent upon satisfactory due diligence, execution of definitive agreements, and necessary approvals from the TSX [2][18].