Core Viewpoint - GreenPower Motor Company has regained compliance with Nasdaq's equity requirement, allowing it to continue trading on the Nasdaq Capital Market [1] Financial Transactions - The company raised new capital through an equity offering of Series A Convertible Preferred Shares for up to $18 million [1] - GreenPower secured term loans totaling $5 million and established a new banking relationship with CIBC, which includes a line of credit and term loan [1] - The company exchanged $7 million of related party loans for convertible debentures and $3 million of related party loans for Series B Convertible Preferred Shares [1] Compliance and Monitoring - Despite regaining compliance, GreenPower will be monitored by a Panel for one year [1] - If the company fails to maintain compliance during this period, it may face delisting without the opportunity to present a compliance plan [1] - The company retains the right to request a hearing before the Hearings Panel, which would stay any suspension or delisting action pending the hearing process [1] 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 [1] - The company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components [1]

Core Viewpoint - GreenPower Motor Company has announced plans to establish a manufacturing facility in New Mexico, citing the state's electric vehicle ecosystem, financial incentives, and the Santa Teresa Foreign Trade Zone designation as key factors for this decision [1][2][3]. Group 1: Company Overview - GreenPower Motor Company is a manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles, targeting the cargo, delivery, shuttle, transit, and school bus markets [1][6]. - The company employs a clean-sheet design approach to manufacture vehicles that are battery-powered and zero-emission, integrating global suppliers for key components [6]. Group 2: Economic Impact - The establishment of the new facility is expected to create 340 permanent jobs in Santa Teresa, contributing to local economic development and cleaner air [2][3]. - The state of New Mexico has committed a strategic investment of $14.6 million in financial incentives to support the facility's establishment, which includes $5 million from the New Mexico Local Economic Development Act (LEDA) [3]. Group 3: Strategic Location and Benefits - The Santa Teresa Borderplex is a growing economic zone that serves as a key U.S.-Mexico trade hub, enhancing manufacturing, logistics, and advanced technology opportunities [4]. - The Foreign Trade Zone designation allows GreenPower to streamline customs procedures and benefit financially from inventory, parts, and distribution, reducing tariff uncertainties [5]. Group 4: State Initiatives - New Mexico has implemented policies to promote the adoption of zero-emission vehicles, including contracts to electrify over 5,000 state fleet vehicles and significant investments in EV infrastructure [2][3]. - The state's "Electrify New Mexico" initiative aims to support the electrification of more than 2,000 school buses and 3,500 state transit vehicles, aligning with GreenPower's goals [2][3].

Core Insights - GreenPower offers a comprehensive range of Class 4 all-electric, purpose-built, zero-emission commercial vehicles eligible for various incentives [1][4] - The new round of Standard HVIP funding provides over $140 million for fleets, with base vouchers of $60,000 available for each Class 4 zero-emission vehicle [2] - Small business fleets can access vouchers up to $130,000 per vehicle under the Innovative Small E-Fleet (ISEF) program, which allocates $20 million for flexible adoption pathways [3] Funding Opportunities - Medium and large fleets with 20 or more medium and heavy-duty vehicles can hold up to 20 unredeemed vouchers at a time, with funding available on a first-come, first-served basis [2] - Past funding rounds have been depleted quickly, emphasizing the need for fleets to prepare documentation and submit requests promptly [2][4] - The ISEF program supports innovative solutions like short-term leases and bundled offerings, helping smaller operators overcome initial cost and infrastructure challenges [3] Product Offerings - GreenPower's lineup includes various models such as the EV Star Passenger Van, EV Star Mobility Plus, and commercial cargo vehicles, all available for immediate delivery [4] - The company emphasizes collaboration with customers and upfitters to customize vehicles according to specific requirements [4] - GreenPower's vehicles are designed with a clean-sheet approach, ensuring they are purpose-built for battery power and zero emissions [6]

Core Insights - GreenPower Motor Company Inc. has announced that its EV Star product line is eligible for up to $130,000 in incentives under the Innovative Small E-Fleet (ISEF) program, which reopens on October 21 with $30.5 million in available incentives [1][2]. Group 1: Product Offerings - GreenPower offers a comprehensive lineup of Class 4 all-electric, purpose-built, zero-emission vehicles, including the EV Star Passenger Van, EV Star Mobility Plus, EV Star Reefer, EV Star Cab & Chassis, EV Star Stakebed Truck, and EV Star Utility Truck [2][3]. - The ISEF program provides small fleet operators (20 or fewer vehicles and under $15 million annual revenue) with vouchers covering up to 90% of new vehicle costs (excluding taxes) for GreenPower's Class 4 EV Star models [2]. Group 2: Funding and Incentives - The ISEF program is designed to support small fleet operators with enhanced vouchers for zero-emission vehicle rentals, leases, and truck-sharing agreements [2]. - Customers interested in accessing up to 90% funding for up to five new commercial zero-emission vehicles must be prepared to act quickly when the ISEF reopens, as funds will be allocated on a first-come, first-served basis [3]. Group 3: Financial Update - GreenPower provided a quarterly update indicating that for the three months ended September 30, 2025, the company issued 77,202 common shares at an average price of $4.63 per share, resulting in gross proceeds of $357,132 [4]. - After paying a cash commission of $10,714 to Roth Capital Partners, the net proceeds from the share issuance amounted to $346,418 [4].

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]