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 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]

Industry Overview - The Zacks Domestic Auto industry encompasses companies involved in designing, manufacturing, and retailing various types of vehicles, including passenger cars, trucks, and electric vehicles [2] - The industry is highly consumer cyclic and is undergoing significant transformation due to technological advancements and digitization [2] Factors Affecting Industry Prospects - The newly introduced tariff by President Trump is expected to worsen affordability issues, with average new car prices nearing $50,000, potentially leading to higher costs for consumers [3] - Economic uncertainty is projected to impact demand, with the Fed reducing its GDP growth forecast for 2025 from 2.1% to 1.7% and raising core inflation estimates to 2.8% [4] - The introduction of more affordable electric vehicles (EVs), priced at $35,000 or less, is anticipated to attract buyers despite economic challenges [5] Current Industry Ranking and Performance - The Zacks Automotive – Domestic industry currently holds a Zacks Industry Rank of 188, placing it in the bottom 23% of 250 Zacks industries, indicating dim near-term prospects [6][7] - The industry's earnings estimates for 2025 and 2026 have decreased by 42.9% and 15.6%, respectively, over the past year, reflecting a negative earnings outlook [8] Market Performance - Over the past year, the Domestic Auto industry has outperformed the auto sector but lagged behind the Zacks S&P 500 composite, with a decline of 4.2% compared to the sector's 16.4% and S&P 500's 1.9% [11] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 26.02X, significantly higher than the S&P 500's 14.96X and the sector's 14.69X, indicating a premium valuation despite being debt-laden [14] Company Highlights - **Blue Bird Corporation (BLBD)**: Engaged in manufacturing school buses, with a strong order backlog of nearly 4,400 units. The company expects a record full-year adjusted EBITDA margin of 14% for fiscal 2025 [19][20] - **Tesla, Inc. (TSLA)**: Recognized as a technology innovator in the EV space, with plans for Full Self-Driving services and new product launches expected to enhance profitability. The Zacks Consensus Estimate for 2025 sales and EPS implies year-over-year growth of 7.54% and 9.92%, respectively [23][24] - **General Motors Company (GM)**: Holds a 16.5% market share in the U.S. and has achieved significant cost reductions. The Zacks Consensus Estimate for GM's 2025 EPS indicates year-over-year growth of 8.58% [27][28]