Welcome to our dedicated page for GreenPower Mtr Co SEC filings (Ticker: GP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
GreenPower Motor Company Inc. filings document a foreign issuer that manufactures and distributes all-electric commercial vehicles while reporting through Form 6-K current reports. Its disclosures include interim financial statements, management discussion and analysis, management certifications, material change reports and press-release exhibits incorporated by reference into registration statements.
The filing record covers operating results, cash flow, equity and deficit changes, Series A and Series B convertible preferred shares, common shares, warrants, related-party loan exchanges, term loans and revolving credit facilities. Governance disclosures address annual meeting results, the equity incentive plan, auditor changes, board and officer changes, and Nasdaq equity-rule compliance matters.
GreenPower Motor Company Inc. reported a board change, announcing that director Sebastian Giordano resigned from the Board of Directors effective May 1, 2026. He will remain involved with the company in a new advisory role, supporting a smooth transition and offering strategic guidance on key initiatives.
GreenPower Motor Company Inc. exchanged related-party term loans into equity by issuing 1,200 Series B Convertible Preferred Shares with a stated value of US$1,000 each, for a total stated value of US$1,200,000 and purchase price of US$1,140,000.
The preferred shares carry a 9% annual dividend and are convertible into common shares at US$1.975 per share, at 105% of their stated amount, which can increase shareholder equity and shift debt owed to entities controlled by CEO Fraser Atkinson into convertible equity.
GreenPower Motor Company Inc. has exchanged related-party term loans into 1,200 Series B Convertible Preferred Shares, with a total purchase price of US$1,140,000 and a stated value of US$1,200,000. The new preferred shares carry a 9% annual dividend and are convertible into common shares at US$1.975 per share, at 105% of their stated amount, which will increase shareholders’ equity by replacing debt with equity-like securities. An insider-related party participated, and the transaction is treated as a related-party transaction under MI 61-101 but relies on exemptions from formal valuation and minority approval. After issuance of these preferred shares, Fraser Atkinson and related entities continue to beneficially hold 27.1% of the 5,029,321 outstanding common shares on a non-diluted basis, and could hold 66.1% on a partially diluted basis if all options, warrants, debentures and preferred shares were converted.
GreenPower Motor Company Inc. held its Annual General and Special Meeting, where shareholders elected all six management director nominees and re-approved the Company’s 2022 Equity Incentive Plan. Shareholders also appointed Davidson & Company LLP as auditors for the next fiscal year.
After the meeting, the board confirmed the senior leadership team: Fraser Atkinson as Chairman and Chief Executive Officer, Brendan Riley as President, and Michael Sieffert as Chief Financial Officer and Corporate Secretary. These actions maintain continuity in governance, compensation structure and external audit oversight.
GreenPower Motor Company Inc. has changed its independent auditor. BDO Canada LLP resigned at the Company’s request, effective March 3, 2026, and Davidson & Company LLP has been appointed as the new auditor. The change was reviewed and approved by GreenPower’s Audit Committee and Board of Directors.
BDO’s audit reports for the Company’s two most recently completed financial years did not contain modified opinions, and the Company states there have been no “reportable events” as defined under National Instrument 51-102. Both BDO, as former auditor, and Davidson, as incoming auditor, issued letters confirming their agreement with the information about their respective firms in the Notice of Change of Auditor.
GreenPower Motor Company Inc. completed a second tranche of its preferred share financing, issuing 926 Series A Convertible Preferred Shares in a private placement for gross proceeds of US$879,700. This tranche is part of a facility that allows issuance of up to US$18 million of these preferred shares to an institutional investor.
Each Series A Convertible Preferred Share can be converted into common shares using a formula based on 105% of its stated value and 125% of the NASDAQ closing price of GreenPower’s common shares on the day before issuance. GreenPower paid Digital Offering LLC a cash commission equal to 5% of the aggregate gross proceeds from this sale. The company positions this financing within its broader strategy as a manufacturer of all‑electric, zero‑emission medium and heavy‑duty vehicles serving cargo and delivery, shuttle and transit, and school bus markets.
GreenPower Motor Company Inc. registers up to 13,760,034 common shares for resale by a selling shareholder pursuant to this prospectus, consisting of shares issuable upon conversion of Series A Convertible Preferred Shares.
The prospectus states the resale covers (i) up to 10,616,680 common shares related to Convertible Preferred Shares issued on November 14, 2025 and to be issued within two days of effectiveness, and (ii) up to 3,143,354 common shares issuable upon conversion of additional Convertible Preferred Shares following effectiveness. The company will not receive any proceeds from sales by the selling shareholder. There were 5,029,291 common shares outstanding as of February 25, 2026, and the prospectus shows 18,789,325 common shares would be outstanding after the offering (pro forma basis).
GreenPower Motor Company Inc. registers for resale up to 13,760,034 common shares by a selling shareholder, representing shares issuable upon conversion of Series A Convertible Preferred Shares under a November 14, 2025 SPA. The offering is a resale only; the company will receive no proceeds. Shares outstanding were 5,029,291 as of February 17, 2026. The resale includes conversion limits that cap any holder at 4.99% ownership. The selling shareholder may sell at market, fixed or negotiated prices and by multiple distribution methods described herein.
GreenPower Motor Company Inc. reported sharply improved results for the three months ended December 31, 2025, driven by a one-time settlement rather than stronger core demand. Revenue was $8.5 million and net income was $4.2 million, compared with a loss of $4.7 million a year earlier.
The company recognized $6.86 million of previously deferred deposits from Workhorse Group after a settlement that released GreenPower from further obligations. Excluding this item, revenue was about $1.6 million with gross profit of roughly $0.46 million and a much smaller operating base of only six vehicle deliveries in the quarter.
Management has cut operating costs significantly, but the balance sheet remains strained. As of December 31, 2025, cash was $0.68 million, working capital was $5.8 million, the accumulated deficit was $100.9 million, and shareholders’ equity was a deficit of $3.2 million. The filing states there is material uncertainty that casts substantial doubt on the company’s ability to continue as a going concern.
After quarter-end, GreenPower refinanced its Bank of Montreal line of credit with new facilities from CIBC and $5 million in term loans from related-party family offices. It also converted about $7 million of related-party loans into convertible debentures and $2.85 million into Series B preferred shares, while issuing additional common shares and millions of warrants as financing bonuses.