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GreenPower Announces Delay with Annual Filings
Prnewswire· 2025-07-10 17:02
Core Points - GreenPower Motor Company Inc. has received a cease trade order from the British Columbia Securities Commission due to missing the June 30, 2025 filing deadline for its audited financial statements and related documents for the year ended March 31, 2025 [1][2] - As a result of the cease trade order, trading of the company's common shares on the TSX Venture Exchange has been halted, but trading on the Nasdaq stock exchange remains unaffected [2] - The company is actively working with its auditors to complete the necessary filings and plans to resume trading as soon as the cease trade order is revoked [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 [3] - 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 [3] - Founded in Vancouver, Canada, GreenPower has primary operational facilities in southern California and has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [3]
GreenPower Closes Fifth Tranche of Term Loan Offering
Prnewswire· 2025-07-08 20:58
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 ...
Blue Bird (BLBD) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-06-23 22:51
Blue Bird (BLBD) closed at $42.88 in the latest trading session, marking a +2.17% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.96% for the day. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%. Coming into today, shares of the school bus maker had gained 8.65% in the past month. In that same time, the Auto-Tires-Trucks sector lost 6.24%, while the S&P 500 gained 0.5%. Market participants will be closely following the financ ...
GreenPower Announces Second Tranche of Term Loan
Prnewswire· 2025-05-28 00:14
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].
GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers
Prnewswire· 2025-05-23 23:00
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]
GreenPower Closes First Tranche of Term Loan Offering
Prnewswire· 2025-05-16 01:30
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]
Blue Bird(BLBD) - 2025 Q2 - Earnings Call Transcript
2025-05-07 21:32
Blue Bird (BLBD) Q2 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Mark Benfield - Executive Director of Profitability & Investor RelationsJohn Wyskiel - President, CEO & DirectorRazvan Radulescu - Chief Financial Officer Conference Call Participants Michael Shlisky - Managing Director & Senior Equity Research AnalystEric Stine - Senior Research AnalystTyler DiMatteo - Equity Research AnalystCraig Irwin - Managing Director, Senior Research AnalystChris Pierce - Senior Analyst Operator This ...
Blue Bird(BLBD) - 2025 Q2 - Earnings Call Transcript
2025-05-07 21:30
Blue Bird (BLBD) Q2 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 This is a holding announcement for the Blue Bird Fiscal twenty twenty five Second Quarter Earnings Conference Call. The call will begin shortly. Please stay on the lines. Good morning or good afternoon all, and welcome to the Blue Bird Fiscal twenty twenty five Second Quarter Earnings Conference Call. My name is Adam, and I'll be your operator for today. I will now hand the floor to Mark Benefield to begin. Sir, Mark, please go ahead w ...
Blue Bird Looks Quite Cheap Even After Factoring In Policy Uncertainties
Seeking Alpha· 2025-05-03 12:14
Over the last year, Blue Bird Corporation ( BLBD ) has given up most of the gains that it generated in May 2024 due to uncertainty regarding a key industry tailwind for the EV school buses. Although theI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are cheaply available and have a catalyst in the near future. My investment horizon ranges from a q ...
Blue Bird (BLBD) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-04-29 22:55
Company Performance - Blue Bird (BLBD) closed at $35.36, reflecting a -0.69% change from the previous day, underperforming the S&P 500's 0.58% gain [1] - Over the past month, Blue Bird's shares have increased by 9.98%, surpassing the Auto-Tires-Trucks sector's gain of 5.01% and the S&P 500's loss of 0.84% [1] Earnings Forecast - Blue Bird is expected to release earnings on May 7, 2025, with a forecasted EPS of $0.96, indicating a 7.87% increase from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $390 million, up 12.74% from the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $4 per share and revenue of $1.45 billion, representing increases of +15.61% and +7.92% respectively from the last year [3] - Recent revisions to analyst forecasts for Blue Bird are crucial as they reflect changing business trends and analysts' outlook on the company's health and profitability [3] Valuation Metrics - Blue Bird's current Forward P/E ratio is 8.91, which is lower than the industry's average Forward P/E of 9.95, indicating a valuation discount [6] - The company has a PEG ratio of 0.82, aligning with the average PEG ratio of the Automotive - Domestic industry [7] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 202, placing it in the bottom 19% of over 250 industries [8] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [8]