GreenPower Motor Company Inc. (GP) entered into a letter of intent (LOI) with Invisible Urban Charging, Inc. (IUC) to establish a framework for evaluating and jointly developing integrated electric-fleet solutions. The proposed work would combine GreenPower’s vehicle platforms with IUC’s charging infrastructure, software, operations and capital-solutions capabilities.
The parties intend to assess EV Star Cab & Chassis vehicles, buses, shuttles and other commercial vehicles, along with fleet telematics, route and energy optimization, service support, and potential financing, leasing and charging-as-a-service models. The LOI also contemplates evaluating local body-building or assembly pathways in international markets. The staged review is subject to diligence, approvals and definitive agreements; any local completion pathway would additionally require engineering validation, homologation, certifications, regulatory review, customer acceptance and definitive documentation. IUC said it has secured in excess of US$2.5 billion to further the development of its electric mobility program.
GreenPower Motor Company Inc. (GP) intends to complete a consolidation of its common shares, with one new share for every five currently outstanding shares, subject to Nasdaq approval. GreenPower anticipates outstanding shares would decline from 10,503,546 to approximately 2,100,709, subject to rounding. The stated aim is to regain compliance with Nasdaq’s Minimum Bid Price Requirement of $1 per share. The company does not intend to change its name or trading symbol. Fractional post-consolidation shares will be rounded up to whole shares, with no cash consideration; outstanding options, warrants and convertible debentures will be proportionally adjusted upon implementation.
GreenPower Motor Company Inc. (GP) reports that 1,752 Series B Convertible Preferred Shares were converted into 1,336,436 common shares on August 6 and 18, 2026, all by entities controlled by CEO, Chairman and director Fraser Atkinson.
The conversions were: 324 preferred shares at Koko Financial Services into 244,201 common shares on August 6, 2026; 610 preferred shares at 0851433 BC Ltd. into 464,367 shares on August 18, 2026; and 818 preferred shares at FWP Holdings LLC into 627,868 shares on August 18, 2026. This increased GreenPower’s common shares outstanding from 8,547,602 to 9,884,038.
As a result, Atkinson’s direct and indirect ownership rose from 17.5% to 28.6% of outstanding shares on a non‑diluted basis, and from 49.1% to 50.7% on a partially diluted basis assuming exercise or conversion of his options, warrants, debentures and remaining preferred shares. The transactions are classified as a related party transaction under MI 61‑101, with GreenPower relying on exemptions from formal valuation and minority approval in sections 5.5(g) and 5.7(e).
GREENPOWER MOTOR Co INC. (GP) filed a Form D for an exempt securities offering under Rule 506(b) of Regulation D. The company reports it has sold $1,425,000 USD of securities in this offering, consisting of 1,500 Series A Convertible Preferred Shares that are convertible into common shares, with $0 USD remaining to be sold, indicating the round is fully subscribed. The first sale in this offering occurred on 2026-08-18. The securities offered include equity, options or warrants, and securities to be acquired upon exercise of those rights. The issuer indicates an issuer size of over $100,000,000. Digital Offering LLC is listed in a sales compensation role, but reported finders’ fees are $0 USD, and no sales commissions are disclosed.
GreenPower Motor Company Inc. reported the completion of the fourth tranche of its Series A Convertible Preferred Share financing with an institutional investor. The company issued 1,500 Series A Convertible Preferred Shares in a private placement for gross proceeds of US$1,425,000 under a previously signed Securities Purchase Agreement.
Each preferred share may be converted into common shares at a rate based on 105% of the stated value plus any additional amounts owing, divided by 125% of the prior-day NASDAQ closing price of the common shares. GreenPower paid Digital Offering LLC a 5% cash placement fee on the proceeds. The disclosure is also incorporated by reference into existing Form F-3 and Form S-8 registration statements.
GreenPower Motor Company Inc. designs and sells all-electric medium- and heavy-duty vehicles, including school buses and commercial trucks, operating primarily in the United States and Canada. For the fiscal year ended March 31, 2026, it generated revenue of $16.4 million and recorded a net loss of $5.5 million, bringing its accumulated deficit to $103.0 million. Revenue has declined from $39.7 million in 2023 and $19.8 million in 2025, and vehicle deliveries fell to 25 units in 2026.
The company discloses substantial doubt about its ability to continue as a going concern, citing ongoing losses, negative operating cash flows, dependence on external financing, and a capital-intensive business model. It faces risks from tariff-driven cost increases, supply-chain and shipping volatility, and heavy reliance on government incentives and grant programs for zero-emission vehicles. GreenPower has canceled a major contract with Workhorse, recognized $9.6 million of previously deferred deposits as revenue on cancellations, and now seeks alternative buyers for roughly 100 EV Star cab-and-chassis units.
To support liquidity and equity, GreenPower has used equity offerings, at-the-market issuances, related-party loans, new bank facilities with CIBC, and Series A and B convertible preferred shares. It is consolidating facilities and reducing headcount to cut costs while emphasizing school buses and EV Star-based commercial vehicles.
GreenPower Motor Company Inc., a manufacturer of all-electric medium and heavy-duty vehicles, reported results for the three months ended June 30, 2026. Revenue was $439,148, down from $1,549,467 a year earlier as no vehicles were sold in the quarter; revenue came mainly from service, parts, and lease income. Gross profit was broadly flat at $350,084 versus $361,682, with gross margin rising to 79.7% due to an $80,664 inventory recovery and higher-margin service revenue.
Sales, general and administrative costs fell to $1,962,984, a reduction of just over 50% from the prior year, reflecting significant headcount and cost cuts. The net loss narrowed to $2,396,888 (loss per share $0.42) from $4,163,851 (loss per share $1.40). Adjusted EBITDA improved to a loss of $1,479,286 from a loss of $3,009,501.
Liquidity remains tight with cash of only $17,557, though working capital was $8,646,005 and equity increased to $3,162,716 helped by converting related-party loans and convertible debentures into $2,192,000 of Series B preferred shares and converting 1,351 Series A preferred shares into common equity. Total assets were $31,170,088, including inventory of $24,215,546. The company has substantial debt, including a CIBC line of credit of $2,056,535, an EDC revolving term facility of $3,588,467, and convertible debentures of $4,349,076. Management discloses material uncertainty casting substantial doubt on the ability to continue as a going concern and notes non-compliance with debt service coverage ratio covenants on key credit facilities.
GreenPower Motor Company Inc. reports that the British Columbia Securities Commission has revoked the cease trade order issued on July 6, 2026, which arose after the company missed Canadian filing deadlines for its year-end reports. The revocation on July 10, 2026 follows GreenPower’s completion of its required annual Canadian securities filings. Trading of GreenPower’s shares under ticker GP on the Nasdaq was not affected by the Canadian order. The company’s U.S. securities filings for the same year-end are due by July 31, 2026.
GreenPower Motor Co Inc., a British Columbia corporation, has conducted an exempt private offering of securities under Rule 506(b) of Regulation D. The notice reports securities sold for a total of $1,425,000 USD, with no remaining amount unsold.
The securities consist of 1,500 Series A Convertible Preferred Shares, which are convertible into common shares, along with related equity rights. The date of first sale was 2026-06-30. Digital Offering LLC is named in the sales compensation section, and finders' fees are reported as $0.
GreenPower Motor Company Inc. reports audited results for the year ended March 31, 2026 and details significant balance-sheet restructuring and financing activity. Revenue was $16,388,579 with a loss for the year of $5,476,778, leaving shareholders’ equity at $1,548,794 and total assets of $30,688,219.
During the June 30, 2026 quarter, Series A preferred shares of $1,643,214 were converted into common stock, warrants were exercised for $200,000 cash, shares were issued to settle $371,000 of accrued interest, and $2,082,400 of related-party debt was converted into Series B preferred shares. A pro forma table shows shareholders’ equity of $5,333,556 before the subsequent period loss. Auditors highlight recurring losses and an accumulated deficit of $103,036,910 that raise substantial doubt about the company’s ability to continue as a going concern. Management points to inventory sales, credit facilities, preferred share financing and potential conversion of $5,442,000 of related-party convertible debentures as key funding sources, noting up to $22 million of additional equity available through remaining Series A capacity and debenture conversion.