Welcome to our dedicated page for GreenPower Mtr Co news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr Co stock.
GreenPower Motor Company Inc. (NASDAQ: GP) is a manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles, with activity across the cargo and delivery market, shuttle and transit space and school bus sector. The news flow around GreenPower often reflects developments in these areas, as well as corporate and financing updates.
News about GreenPower includes announcements on manufacturing facilities and geographic expansion, such as its agreement with the New Mexico Economic Development Department to establish operations in Santa Teresa, New Mexico. The company has highlighted that this facility is expected to become its base for North American operations and U.S. corporate headquarters, supported by state incentives and the region’s Foreign Trade Zone designation.
Investors and observers can also find coverage of GreenPower’s financing activities, including credit facilities, term loans and preferred share financings. These items are often described by the company as supporting recapitalization, production of all-electric vehicles and conversion of contracted orders, particularly in the school bus segment.
Product- and market-related news features the company’s EV Star Class 4 commercial vehicle lineup and its all-electric school buses. Releases have discussed eligibility of EV Star vehicles for incentive programs such as California’s Clean Truck and Bus Voucher Incentive Project (HVIP) and the New Jersey Zero-Emission Incentive Program (NJ ZIP), as well as pilot projects involving all-electric, zero-emission school buses in certain U.S. states.
By following GreenPower news on this page, readers can review company-issued updates on vehicle programs, facility plans, incentive program participation and capital markets activity, all of which are relevant to understanding how GreenPower positions its all-electric medium and heavy-duty vehicles within the transportation and manufacturing sectors.
GreenPower (NASDAQ: GP) announced a preferred share financing facility of up to US$18.0 million through issuance of Series A Convertible Preferred Shares on November 14, 2025.
The company issued initial tranches totaling 1,179,000 stated value (754 shares via a shelf public offering and 425 shares in a concurrent private placement) and a follow-on tranche of 926,000 stated value to be issued after a later registration. The facility allows additional tranches up to $2 million each to a $16 million incremental cap. Series A pays a 9% annual dividend and is convertible into common shares under stated conversion formulas and adjustment provisions. The company will pay a 5% cash placement fee to Digital Offering LLC.
GreenPower (NASDAQ: GP) announced a voluntary delisting of its common shares from the TSX Venture Exchange, effective at the close of business on November 14, 2025. The company cited consistently low trading volumes on the TSXV—less than 2% of NASDAQ trading for the nine months ended September 30, 2025—plus cost and operational efficiency reasons. GreenPower will maintain its NASDAQ listing and remain a reporting issuer under Canadian securities laws; shareholders retain ownership and can trade on NASDAQ.
GreenPower (Nasdaq: GP) announced that its EV Star Class 4 vehicles are eligible for up to $130,000 per vehicle under California's Innovative Small E‑Fleet (ISEF) set‑aside within HVIP. The ISEF program reopens October 21, 2025 with $30.5 million available and offers Small Business Vouchers covering up to 90% of new vehicle cost (ex‑tax) for fleets with ≤20 vehicles and $15M revenue. GreenPower said multiple EV Star passenger and commercial models are immediately eligible and available for upfits and delivery. Separately, GreenPower reported issuing 77,202 shares under its ATM in Q3 2025 for gross proceeds of $357,132 (net $346,418).
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.
The consolidation requires TSX Venture Exchange approval, and no changes to the company name or trading symbol are planned.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.