GreenPower Regains Compliance with Nasdaq's Equity Requirement
Rhea-AI Summary
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.
Positive
- Series A equity offering for up to $18 million
- $5 million in new term loans secured
- Related-party debt exchanged into $7M debentures and $3M Series B preferred
Negative
- One-year Nasdaq monitoring remains in place
- Failure to maintain Equity Rule during monitor could trigger delisting without a compliance plan
News Market Reaction
On the day this news was published, GP declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +7.5% during that session. Argus tracked a trough of -11.8% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. Trading volume was exceptionally heavy at 17.2x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While GP gained 31.61%, momentum peers CETY and FBGL were both down around 2.5–2.9%, indicating this Nasdaq compliance news had a company-specific impact rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 12 | Q3 earnings | Positive | -4.5% | Reported Q3 revenue $8.5M and $4.2M net income with cost reductions. |
| Jan 14 | Debt financing | Positive | -1.7% | Closed $5M CIBC facilities with warrants and share issuance to guarantor. |
| Jan 09 | Incentive award | Positive | +51.0% | Announced $14.6M New Mexico incentives and 340-job EV facility plan. |
| Jan 08 | Financing package | Positive | +8.0% | Announced $10M in financings and new letter of credit facilities. |
| Jan 08 | Facility expansion | Positive | +8.0% | Chose New Mexico for 135,000 sq. ft. EV plant and U.S. HQ. |
Recent positive developments have produced mixed reactions: three news events aligned with price moves, while two showed negative reactions despite constructive updates.
Over the past months, GreenPower has focused on strengthening its balance sheet and expanding operations. On Jan 8–9, 2026, it announced a New Mexico EV facility with $14.6 million in incentives and about US$10 million in financings, with shares rising up to 51.04%. Subsequent CIBC facilities and related-party financings on Jan 14 and strong Q3 figures on Feb 12 were met with modest declines. Today’s Nasdaq equity-compliance news builds directly on those capital-raising and restructuring steps.
Market Pulse Summary
This announcement confirms that GreenPower regained compliance with Nasdaq’s equity requirement, following capital raises, term loans, and exchanges of related-party debt into preferred shares and convertible debentures. The company remains under a one-year Panel monitor, so any renewed equity shortfall could trigger another delisting process. Recent history shows heavy use of structured financings and government incentives, while prior news produced mixed share-price responses. Investors may watch future equity levels, financing terms, and operational execution as key indicators.}
Key Terms
convertible debentures financial
line of credit financial
term loan financial
nasdaq capital market regulatory
AI-generated analysis. Not financial advice.
"Over the past few months GreenPower has completed a series of transactions including raising new capital with an equity offering of Series A Convertible Preferred Shares for up to
Notwithstanding the Nasdaq compliance determination, the Company will remain subject to a Panel monitor for one year. If, within that one-year monitoring period, Staff finds the Company again out of compliance with the Equity Rule that was the subject of the hearing, the Company will be subject to a delisting determination and will not have the opportunity to present a compliance plan for the Staff's consideration. However, the Company will be afforded the opportunity to request a hearing before the Hearings Panel, and the hearing request will automatically stay any suspension or delisting action pending the conclusion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing.
The Company's common stock will continue to trade on Nasdaq under the ticker symbol "GP."
For further information contact
Fraser Atkinson, CEO
(604) 220-8048
Brendan Riley, President
(510) 910-3377
Michael Sieffert, CFO
(604) 563-4144
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 van 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
Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate," "expect,", "believe" or "continue," or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company's profile on www.sedarplus.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
©2026 GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company
FAQ
How did GreenPower (GP) regain Nasdaq compliance on February 16, 2026?
What capital raises did GreenPower (GP) report to regain compliance?
Will GreenPower (GP) remain listed on Nasdaq after the Feb. 16, 2026 notice?
What are the risks to shareholders from Nasdaq's one-year monitor for GreenPower (GP)?
How did GreenPower restructure related-party debt as part of the compliance actions?
