VANCOUVER, BC, Aug. 25, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower") announces that, further to its News Release of August 20, 2025, the TSX Venture Exchange has approved the consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every ten currently outstanding Shares (the "Consolidation").  The Consolidation will become effective at the opening of the market on August 28, 2025.  T ...

Core Points - GreenPower Motor Company Inc. plans to consolidate its common shares at a ratio of one new share for every ten currently outstanding shares [1][2] - The consolidation aims to comply with Nasdaq's minimum bid price requirement of $1 per share [2][6] - The number of outstanding shares will decrease from approximately 30,462,084 to about 3,046,208 post-consolidation [2] Company Compliance and Financial Status - The company received a notice from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000 [6][7] - GreenPower has until September 29, 2025, to submit a plan to regain compliance, with a potential extension until February 11, 2026, if accepted [7] - There is no immediate effect on the listing of the company's shares on the Nasdaq Capital Market [7] Shareholder Impact - No fractional shares will be issued; shareholders entitled to fractions will be rounded up to the nearest whole number [4] - The exercise price and number of shares for outstanding options, warrants, and convertible debentures will be proportionally adjusted following the consolidation [5] Company Overview - GreenPower designs and manufactures all-electric medium and heavy-duty vehicles, including transit buses and cargo vans [8] - The company was founded in Vancouver, Canada, and has operational facilities in southern California [8] - GreenPower has been listed on the Toronto exchange since November 2015 and completed its U.S. IPO and NASDAQ listing in August 2020 [8]

Core Points - GreenPower Motor Company Inc. has closed the fifth tranche of its secured term loan offering, amounting to U.S. $250,000, on July 4, 2025 [1] - The net proceeds from the loans will be allocated towards production costs, supplier payments, payroll, and working capital [2] - The loans are 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] - As part of the loan agreement, the company issued 304,878 non-transferable share purchase warrants and 60,975 shares to one of the lenders [4] - The loans and related transactions are considered "related party transactions" but are exempt from formal valuation and minority approval requirements [5] - 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 date [6] - GreenPower provided a quarterly update indicating that it issued 216,007 common shares at an average price of U.S. $0.45 per share, resulting in gross proceeds of U.S. $97,964 [7]

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. 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]

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]