Welcome to our dedicated page for GreenPower Motor news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Motor 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) 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.
GreenPower Motor Company (NASDAQ: GP) held its Annual General and Special Meeting where shareholders elected all six management-nominated directors: Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson, and Brendan Riley. The shareholders also approved the company's 2022 Equity Incentive Plan and reappointed BDO Canada LLP as auditors.
Following the meeting, the board appointed key officers: Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary. GreenPower specializes in manufacturing all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans, with zero emissions.
GreenPower Motor Company (Nasdaq: GP) has closed the first tranche of its secured term loan offering, raising US$500,000 from companies controlled by its CEO and a Director. The loan, which carries a 12% annual interest rate and a two-year term, is secured by the company's assets and subordinated to senior debt. As part of the deal, the company issued 1,086,956 share purchase warrants to each lender, exercisable at US$0.46 per share over 24 months. The proceeds will be used for production costs, supplier payments, payroll, and working capital.