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GreenPower Motor Co(GP) - Prospectus
2026-02-19 12:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GREENPOWER MOTOR COMPANY INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement. If any of the securities being registered on this Form are to be offered on a delayed o ...
GreenPower Reports Revenue of $8.5 million and Net Income of $4.2 million for Third Quarter
Prnewswire· 2026-02-13 00:58
Core Viewpoint - GreenPower Motor Company reported a revenue of $8.5 million and a net income of $4.2 million for the third quarter of fiscal year 2026, highlighting a successful transition to a production strategy driven by customer orders despite challenges in the EV sector [1]. Financial Performance - Revenue for the third quarter was $8.5 million, an increase from $7.2 million in the same quarter of the previous year, generated from vehicle sales, parts, leases, and deferred income [1]. - Gross profit on vehicle sales was approximately 28% [1]. - Total sales, general, and administrative costs were reduced to $2.4 million from $5.2 million year-over-year, with recurring expenses excluding non-cash items being less than $2 million [1]. Capitalization and Funding - The company raised gross proceeds of $1,120,050 from the issuance of Series A convertible preferred shares, with a stated value of $1,179,000 [1]. - GreenPower has the right to issue additional Series A Shares in tranches of up to $2 million, totaling up to $16 million under certain conditions [1]. - The company completed several transactions to recapitalize, including closing two term loans totaling $5 million and establishing a new banking relationship with CIBC [1]. Project Developments - GreenPower is managing the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Program, with over $5 million in funding for deploying various types of all-electric school buses and charging infrastructure [1]. - The company is focused on addressing specific challenges in New Mexico, including deployment in urban and rural settings and operating in extreme cold weather [1].
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]