GreenPower Motor Company Inc. designs, builds and distributes all-electric medium- and heavy-duty vehicles for cargo and delivery, shuttle, transit and school bus markets. Its product references include high-floor and low-floor transit buses, school buses, shuttles, cargo vans and cab-and-chassis platforms built around a purpose-built electric OEM design.
GreenPower news commonly covers operating and financial results, vehicle production strategy, customer-order activity, financing facilities, convertible preferred share transactions, Nasdaq listing compliance, auditor and board changes, annual meeting results and other governance matters tied to its public-company status.
GreenPower Motor Company (NASDAQ: GP) received a Nasdaq notice on October 15, 2026, that its shares failed the minimum price requirement. The closing price had been below $1 per share for 30 consecutive business days, leaving the company out of compliance with Nasdaq Listing Rules.
Compliance can be regained if shares close above $1 for at least 10 consecutive business days within 180 calendar days of the notice. An additional 180 calendar days may be available if GreenPower meets all initial Nasdaq Capital Market listing standards except the bid price requirement and provides written notice of its intention to cure that requirement.
GreenPower Motor Company (NASDAQ: GP) will implement a one-for-five share consolidation at market opening on October 19, 2026.
Nasdaq has approved the consolidation. Issued and outstanding common shares will move from 10,503,546 to 2,100,710, subject to rounding adjustments. The trading symbol will remain GP. Fractional share entitlements will be rounded up to whole shares, with no cash paid. Exercise prices and share counts associated with outstanding options, warrants and convertible debentures will be proportionally adjusted under their terms.
GreenPower Motor Company (GP) is planning an initial 50 all-electric shuttle buses for joint development with a new strategic partner. The buses will use its EV Star Cab & Chassis platform. The partner has secured more than $2.5 billion for electric mobility projects; that figure is not funding committed to GreenPower.
Body assembly is slated to take place entirely in Mexico. GreenPower said its planned New Mexico facility could prepare and stage the chassis, while Mexican body builders would adapt the vehicles to customer requirements. The company has retained Mexico-based Victor Pliego to oversee chassis importation from the United States and assist with body builds.
GreenPower Motor Company (NASDAQ: GP) entered into a letter of intent with Invisible Urban Charging to evaluate integrated electric-fleet solutions.
The framework combines GreenPower vehicle platforms with IUC charging infrastructure, software, operations and potential capital solutions. IUC has secured in excess of US$2.5 billion for its electric mobility program; this is not disclosed as funding committed to GreenPower. The companies intend to assess commercial electric vehicles, fleet optimization, lifecycle support and potential financing or leasing arrangements.
GreenPower envisages using international bodybuilders to complete electric shuttle buses on its EV Star Cab & Chassis. Customer proposals remain subject to diligence, approvals and definitive agreements. Local completion or assembly also depends on engineering validation, certifications, regulatory review and customer acceptance.
GreenPower Motor Company (NASDAQ: GP) plans a one-for-five consolidation of its outstanding common shares to regain compliance with Nasdaq listing rules.
The company anticipates reducing outstanding shares from 10,503,546 to approximately 2,100,709, subject to rounding adjustments. Nasdaq requires a minimum bid price of $1 per share. The proposed consolidation is subject to Nasdaq approval, and its effective date will be announced later. GreenPower does not intend to change its name or trading symbol. Outstanding options, warrants and convertible debentures will have their exercise prices and issuable share counts proportionally adjusted under their terms.
GreenPower Motor (GP) converted 1,752 Series B Convertible Preferred Shares into 1,336,436 common shares held by companies controlled by CEO Fraser Atkinson in August 2026.
The conversions comprised 324 preferred shares of Koko Financial Services into 244,201 common shares on August 6, and 610 and 818 preferred shares of 0851433 BC and FWP Holdings into 464,367 and 627,868 common shares on August 18. The issuance to insider-controlled entities is a related party transaction under MI 61-101, but the company said it is exempt from formal valuation and minority approval requirements under sections 5.5(g) and 5.7(e).
Outstanding common shares increased from 8,547,602 to 9,884,038. Atkinson’s direct and indirect ownership rose from 17.5% to 28.6% on a non-diluted basis, and from 49.1% to 50.7% on a partially diluted basis, triggering early warning disclosure requirements.
GreenPower Motor Company (GP) delivered the first three EV Star Passenger Vans to The Hive, an education and child care organization in Sunland Park, New Mexico. These are the first commercial deliveries of EV Star Passenger Vans in the state and will be used for day care transportation.
The all-electric, zero-emission vans seat up to 19 passengers plus a driver, offer a range of up to 150 miles, and support standard AC Level 2 and DC fast charging. An ADA-compliant configuration is available. GreenPower’s president Brendan Riley provided training to The Hive’s team to prepare for deployment in daily operations.
GreenPower Motor Company (NASDAQ: GP) announced the start of year two of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project, launching the Type D phase after completing the Type A Nano BEAST phase last May. For the 2026-2027 school year, two Type D BEAST buses will rotate statewide and a third will operate in West Las Vegas for the vehicle-to-grid (V2G) portion. The 40-foot BEAST, now New Mexico-certified, seats up to 84 students and offers Level 2 charging up to 19.2 kW and DC fast charging up to 85 kW, enabling full charges in under three hours. Year one Nano BEAST deployments covered more than 17,000 miles, carrying hundreds of students and eliminating over two tons of CO2 emissions, while informing new cold-weather upgrades now standard on the Nano BEAST.
GreenPower Motor (NASDAQ: GP) completed the fourth tranche of its Series A Convertible Preferred Share financing, issuing 1,500 preferred shares in a private placement for gross proceeds of US$1,425,000. The financing is conducted under a Securities Purchase Agreement dated November 14, 2025, as amended June 30, 2026, with an institutional investor.
Each Series A Convertible Preferred Share may be converted into common shares based on a formula using 105% of stated value and 125% of the prior-day NASDAQ closing price. GreenPower will pay a 5% cash placement fee on proceeds to Digital Offering LLC.
GreenPower Motor Company (NASDAQ: GP) reported that the British Columbia Securities Commission has revoked the cease trade order issued on July 6, 2026, which had been imposed after the company missed Canadian filing deadlines for its year-end reports.
According to GreenPower, trading of its shares on Nasdaq under ticker GP was not affected by the Canadian order, and the company’s U.S. year-end filings remain due by July 31, 2026.