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GREENPOWER MOTOR Co INC.
GreenPower Motor has converted $1,999,750 in convertible debenture principal into 2,105 Series B convertible preferred shares to meet Nasdaq's minimum shareholders' equity requirement. Additionally, the company issued 360,572 common shares to settle accrued interest and dividends. This capital restructuring aims to improve the company's balance sheet, with participation from key insiders.…more
GREENPOWER MOTOR Co INC.
GreenPower Motor received a notice from Nasdaq stating that it is out of compliance with listing rules because its common shares closed below $1 for 30 consecutive business days. The company must maintain a closing price of at least $1 for 10 consecutive business days within the next 180 calendar days to regain compliance.…more
GREENPOWER MOTOR Co INC.
GreenPower Motor will implement a 1-for-5 reverse stock split effective at the market open on October 19, 2026. Following this consolidation, the total number of issued and outstanding shares will be reduced from 10,503,546 to 2,100,710, while the ticker symbol 'GP' on Nasdaq will remain unchanged.…more
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GreenPower Motor Signs LOI with IUC for Integrated EV Fleet Solutions
GreenPower Motor has entered into a letter of intent with Invisible Urban Charging to jointly develop integrated electric-fleet solutions combining its EV platforms with IUC's infrastructure. The partnership focuses on a framework for evaluation and development, though specific financial terms were not disclosed.…more