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 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.
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.