Welcome to our dedicated page for GreenPower Mtr news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr stock.
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 (NASDAQ: GP) announced an advanced heating solution for its Type A Nano BEAST all-electric, zero-emission school bus, bundled in a new cold weather package with heated battery packs.
Tested in New Mexico pilot districts, it rapidly warms cabins, maintains range and preserves zero-emission incentive eligibility.
GreenPower (NASDAQ: GP) announced that Sebastian Giordano resigned from the Board of Directors effective May 1, 2026 and will continue with the company in a newly created advisory role. The company said the advisory position will support a smooth transition and provide strategic guidance on key initiatives.
Leadership thanked Mr. Giordano for his contributions and confirmed continued engagement as the company advances its strategic objectives.
GreenPower (NASDAQ: GP) announced results of its Annual General and Special Meeting on March 27, 2026. Shareholders elected all of management's director nominees: Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson and Brendan Riley.
The meeting re-approved the 2022 Equity Incentive Plan, appointed Davidson & Company LLP as auditors for the ensuing fiscal year, and the board named officers: Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary.
GreenPower (NASDAQ: GP) appointed Davidson & Company LLP as its new auditor, effective March 3, 2026.
The Board and Audit Committee approved the change; Davidson replaces BDO Canada LLP. GreenPower thanked BDO for its services and noted BDO did not express any modified opinion for the two most recently completed fiscal years, nor were there any reportable events under NI 51-102.
GreenPower (Nasdaq: GP) regained compliance with Nasdaq Listing Rule 5550(b)(1) on Feb. 16, 2026 after a series of capital transactions. The company completed an equity offering of Series A convertible preferred shares for up to $18 million, secured $5 million in term loans, and restructured related-party debt.
Nasdaq will monitor the company for one year; the common stock continues to trade under GP.
GreenPower (Nasdaq: GP) reported Q3 FY2026 revenue of $8.5 million and net income of $4.2 million for the period ended December 31, 2025. Gross profit on vehicle sales was approximately 28% and SG&A fell to $2.4 million from $5.2 million a year earlier.
The company reported working capital of more than $5 million, raised $1.12 million from Series A convertible preferred shares, secured subsequent $5 million in term loans, and obtained a banking relationship with CIBC while executing related‑party loan exchanges for convertible instruments.
GreenPower Motor Company (Nasdaq: GP) closed CIBC financing facilities totaling US$5.0 million on Jan 14, 2026: a US$3.0 million revolving line of credit and a US$2.0 million three-year term loan. Two directors provided joint and several personal guarantees up to US$5.0 million to support the facilities.
As compensation, the company agreed to issue 2,016,129 non-transferable warrants exercisable at US$1.24 for 36 months and to issue 403,225 common shares to one guarantor. Net proceeds repaid and closed the prior operating line; the remainder will be used for general corporate purposes. Securities issued are subject to a four-month-plus-one-day hold period. The related-party issuances are exempt from formal valuation and minority approval under MI 61-101.
GreenPower (NASDAQ: GP) announced plans to open a manufacturing facility in Santa Teresa, New Mexico, citing the region's EV ecosystem and Foreign Trade Zone benefits. The state committed $14.6 million in incentives, including a $5.0 million LEDA grant, $4.6 million in JTIP funds, $1.36 million in Rural Jobs Tax Credit and $3.65 million in High-Wage Jobs Tax Credit. The project is expected to create 340 permanent jobs, begin setup in Q1 2026 and take possession of the plant on June 1, 2026.
GreenPower (Nasdaq: GP) announced credit approvals and closed financings totaling US$10.0 million on Jan 8, 2026. The company received CIBC credit approval for US$5.0 million (a US$3.0M revolving line and a US$2.0M three-year term loan) plus a US$450,000 cash‑collateralized letter of credit and a letter of credit facility up to US$2.5M (subject to another lender's approval). GreenPower also closed US$5.0M in term loans from two family offices backed by personal guarantees. The company agreed to issue 3,205,128 warrants at US$0.78 (36 months) and 641,025 shares to one family office. Proceeds will repay an existing operating line and fund general corporate purposes to support production and order fulfillment.
GreenPower Motor Company (NASDAQ: GP) will establish a new 135,000 sq. ft. North American manufacturing facility and US corporate headquarters in Santa Teresa, New Mexico, creating more than 340 jobs and generating an estimated $200 million in economic impact over the next decade. The company qualified for state incentives including a $5.0M LEDA award, $4.6M job training funds, $1.36M Rural Jobs Tax Credit, and $3.65M High-Wage Jobs Tax Credit. The site benefits from a Foreign Trade Zone designation to support cross-border production and distribution of zero-emission vehicles.