GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers
GreenPower (NASDAQ: GP) announced results of its Annual General and Special Meeting on March 27, 2026.
Rhea-AI Summary
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.
Key Figures
- Q3 revenue
- $8.5 million
- Q3 FY2026 results (Dec 31, 2025)
- Q3 net income
- $4.2 million
- Q3 FY2026 results (Dec 31, 2025)
- New Mexico incentives
- $14.6 million
- State incentive package for Santa Teresa facility
- Series A facility
- $18 million
- Convertible preferred share facility capacity
- CIBC facilities
- US$5.0 million
- Revolver and term loan closed Jan 14, 2026
- Shares registered for resale
- 13,760,034 shares
- Common shares tied to Series A conversions
- Current share price
- $1.02
- Before AGM results announcement
- Market cap
- $5,331,048
- Pre-news market capitalization
Historical Context
-
Company appointed Davidson & Company LLP as new independent auditor.
-
Regained compliance with Nasdaq equity rule after financings and debt actions.
-
Reported Q3 FY2026 revenue of $8.5 million and net income of $4.2 million.
-
Closed CIBC facilities totaling US$5.0 million with director guarantees and warrants.
-
Secured $14.6 million New Mexico incentives for new manufacturing facility.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
equity incentive plan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) (the "Company"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the results of the Annual General and Special Meeting (AGM) that was held today.
The shareholders elected all of management's director nominees being Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson and Brendan Riley.
The shareholders also re-approved the Company's 2022 Equity Incentive Plan and appointed Davidson & Company LLP as the Company's auditors for the ensuing fiscal year.
Following the AGM the Directors of the Company appointed the following officers of the Company for the ensuing year: Fraser Atkinson - Chairman and Chief Executive Officer, Brendan Riley - President and Michael Sieffert - Chief Financial Officer and Corporate Secretary.
Contact
Fraser Atkinson, CEO
(604) 220-8048
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com.
© 2026 GreenPower Motor Company Inc. All rights reserved.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290286
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.