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 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.
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.
GreenPower Motor Company (NASDAQ: GP) has closed the fifth tranche of its secured term loan offering, raising US$250,000 from companies controlled by its CEO and a Director. The loans, bearing a 12% annual interest rate with a two-year term, are secured by the company's assets and subordinated to senior debt.
As part of the transaction, the company issued 304,878 share purchase warrants at an exercise price of US$0.41 per share and 60,975 bonus shares to the lenders. Additionally, GreenPower reported selling 216,007 common shares at an average price of US$0.45 through its at-the-market equity offering program, generating net proceeds of US$95,025.
GreenPower Motor Company (NASDAQ: GP) has closed the fourth tranche of its secured term loan offering for $200,000. The loan agreements were made with companies controlled by the CEO and a Director. The loans will bear 12% annual interest with a two-year term and are secured with a general security agreement on company assets.
As part of the deal, the company issued 263,157 share purchase warrants at an exercise price of $0.38 per share and 52,631 bonus shares to the lenders. The proceeds will be used for production costs, supplier payments, payroll, and working capital.
GreenPower Motor Company (NASDAQ: GP), a manufacturer of zero-emission electric vehicles, has announced the fourth tranche of its secured term loan offering for US$200,000 from companies associated with the CEO and a Director. The funds will be used for production costs, supplier payments, payroll, and working capital.
As part of the loan agreement, the company will issue non-transferable share purchase warrants and bonus shares to one of the lenders. The warrants will allow the purchase of common shares at market price for a 24-month period, while bonus shares will be calculated at 20% of the principal amount divided by market price.