GreenPower Mtr Co Inc Stock Price, News & Analysis

GreenPower Motor Company (NASDAQ: GP) has launched the New Mexico All-Electric, Zero-Emission School Bus Pilot Project in partnership with the New Mexico Economic Development Department. The two-year pilot will initially deploy three Type A Nano BEAST electric school buses in Las Vegas public schools and Santa Fe charter school during 2025-26, followed by two Type D BEAST and one Mega BEAST buses in 2026-27.

The state has committed $5 million in capital outlay for the initial pilot, with a potential additional $15 million following successful completion. The Nano BEAST features a 118 kWh battery pack with up to 140-mile range and can accommodate 24 passengers. The pilot supports New Mexico's Energy Transition Act, aiming for 100% zero-carbon electricity by 2045.

GreenPower Motor Company (NASDAQ: GP) announced the reinstatement of its trading on the TSX Venture Exchange following the revocation of a "failure to file" cease trade order on July 31, 2025. The company had failed to file its annual financial statements by the June 30, 2025 deadline.

The company disclosed significant debt obligations, including a $5 million revolving loan facility with approximately $3.6 million outstanding. Additionally, GreenPower received multiple loans from related parties, including CAD $475,000 from FWP Holdings, USD $250,000 from Koko Financial, and CAD $675,000 from 0851433 BC Ltd, all entities beneficially owned by CEO Fraser Atkinson. Previous loans from FWP Holdings with a principal balance of CAD $3.67 million remain outstanding despite maturing on March 31, 2023.

GreenPower Motor Company (NASDAQ: GP) has received a determination letter from Nasdaq Listing Qualifications indicating potential delisting from The Nasdaq Capital Market. The company failed to maintain compliance with two key requirements: the minimum bid price of US$1 per share and the US$5,000,000 minimum stockholders' equity requirement.

The company's shares could be suspended from trading on Nasdaq by September 5, 2025, unless GreenPower successfully appeals the determination by September 3, 2025. GreenPower intends to request a hearing before the Nasdaq Hearings Panel, which will temporarily stay the suspension pending the Panel's decision. If delisted, the company's shares would continue trading on the TSX Venture Exchange and likely move to the OTC Markets Group in the United States.

GreenPower Motor Company (NASDAQ: GP) has announced a delay in the implementation of its planned share consolidation. The consolidation, which will combine ten existing shares into one new share, has been postponed from August 28, 2025, to September 8, 2025. The implementation is pending required approvals from the Nasdaq Stock Exchange.

GreenPower is a manufacturer of all-electric medium and heavy-duty vehicles, including transit buses, school buses, and cargo vans. The company operates primarily in southern California and has been listed on NASDAQ since August 2020.

GreenPower Motor Company (NASDAQ: GP) has announced a 1-for-10 share consolidation (reverse stock split) effective August 28, 2025. The consolidation will reduce the company's outstanding shares from 30,462,084 to approximately 3,046,229 shares. The company's trading symbols will remain "GPV" on TSX Venture Exchange and "GP" on Nasdaq.

Shareholders will receive one new post-consolidated share for every ten currently held shares, with fractional shares rounded up to the nearest whole number. The consolidation will proportionally adjust the exercise price and number of shares for outstanding options, warrants, and convertible debentures. Computershare will handle the administrative process by mailing transmittal letters to shareholders.

GreenPower Motor Company (NASDAQ: GP) has announced plans for a 1-for-10 share consolidation to regain compliance with Nasdaq's minimum bid price requirement of $1 per share. The consolidation will reduce outstanding shares from approximately 30.4 million to 3.0 million.

Additionally, the company received notice from Nasdaq on August 15, 2025, regarding non-compliance with the minimum stockholders' equity requirement of US$2.5 million. GreenPower has until September 29, 2025, to submit a compliance plan and may receive an extension until February 11, 2026, to meet the requirements.

GreenPower Motor Company (NASDAQ: GP) has secured a contract worth over $5 million with the state of New Mexico for an all-electric school bus pilot program. The two-year project will deploy three Type A Nano BEAST Access buses in 2025-26 and three Type D BEAST and Mega BEAST buses in 2026-27.

The program includes comprehensive testing of charging infrastructure, with both Level 2 and Level 3 DC fast chargers. The flagship Mega BEAST offers an industry-leading 300-mile range with a 387 kWh battery pack and will be used for vehicle-to-grid (V2G) evaluation. GreenPower is partnering with Highland Electric Fleets for charging infrastructure implementation, with buses rotating through five pilot rounds, each lasting six weeks.

GreenPower Motor Company (NASDAQ: GP) reported its fiscal year 2025 results, generating revenues of $19.8 million. The company delivered 84 vehicles, including 34 BEAST Type D school buses, 2 Nano BEAST Type A school buses, 23 EV Star Cargo vehicles, and 25 EV Star Passenger Vans.

During the year, GreenPower consolidated its California operations into a single Riverside facility and introduced two new commercial vehicles: the EV Star Utility Truck and the EV Star REEFERX. The company ended the fiscal year with $8.1 million in working capital, $25.6 million in inventory, and $10.1 million in deferred revenue. GreenPower also completed two offerings, raising a total of $5.3 million in gross proceeds.

GreenPower Motor Company (NASDAQ: GP) has announced a delay in filing its annual financial statements and related documents for the year ended March 31, 2025. The British Columbia Securities Commission has issued a cease trade order (CTO) on July 10, 2025, resulting in the halting of the company's shares on the TSX Venture Exchange.

While trading on the Nasdaq stock exchange remains unaffected, the company is working with its auditors to complete the required Annual Filings, which include audited financial statements, management's discussion and analysis, certifications, and annual information form. Trading on TSX Venture Exchange will resume once the CTO is revoked following the completion of these filings.