GP terminates ATM program with $394,905 remaining unused
Rhea-AI Filing Summary
GreenPower Motor Company Inc. (GP) terminated its at-the-market offering program under its Sales Agreement with Roth Capital Partners. The company stated it will make no further sales of common shares pursuant to that agreement.
Under the program, the company had been permitted to offer up to an aggregate offering price of US$850,000. As of November 14, 2025, it had sold $455,095 of common shares, leaving $394,905 that will no longer be available under the Prospectus following the termination. The company’s common shares trade on Nasdaq as “GP,” with a last reported sale price of $1.60 on November 13, 2025.
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Insights
ATM program terminated; no further shares will be sold under it.
GreenPower ended its at-the-market (ATM) offering with Roth Capital Partners. An ATM allows a company to sell newly issued shares into the market over time, up to a stated dollar cap.
The filing notes a cap of $850,000, with $455,095 already sold and $394,905 remaining that will not be used after termination. This removes the ability to sell additional shares under this specific Prospectus.
Actual impacts depend on future financing choices, but based on this document, the immediate effect is administrative: the continuous offering is closed.