What share consolidation is GP proposing?

GP intends to consolidate its common shares on a basis of one new share for every five currently outstanding shares, subject to Nasdaq approval.

Does Nasdaq need to approve GP’s proposed share consolidation?

Yes. Nasdaq approval is required for the proposed consolidation. GreenPower says it is intended to regain compliance with Nasdaq’s Minimum Bid Price Requirement, which requires a minimum bid price of $1 per share.

GreenPower Motor plans 1-for-5 reverse split

Q: How will GP handle fractional shares in the consolidation?

Fractional post-consolidation shares will be rounded up to the nearest whole share, and no cash consideration will be paid for fractional shares.

The proposal is aimed at regaining compliance with Nasdaq’s $1 minimum bid-price requirement and requires exchange approval.

Filing Impact

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Filing Sentiment

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Sentiment and the balance of points

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Form Type

6-K

Rhea-AI Filing Summary

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.

Insights

Analyzing...

Key Figures

Consolidation ratio: 1 new share for every 5 currently outstanding shares Outstanding common shares before consolidation: 10,503,546 shares Anticipated post-consolidation shares: Approximately 2,100,709 shares +1 more

4 metrics

Consolidation ratio 1 new share for every 5 currently outstanding shares Proposed basis

Outstanding common shares before consolidation 10,503,546 shares Starting count stated for the proposed consolidation

Anticipated post-consolidation shares Approximately 2,100,709 shares Subject to adjustment for rounding

Minimum Bid Price Requirement $1 per share Nasdaq requirement the company says it intends to regain compliance with

Key Terms

share consolidation, Minimum Bid Price Requirement, Post-consolidated Share, convertible debentures

4 terms

Minimum Bid Price Requirement regulatory

"regain compliance with the Minimum Bid Price Requirement"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

convertible debentures financial

"conversion of outstanding convertible debentures"

Convertible debentures are loans a company issues that pay interest like a bond but can be swapped later for the company’s shares at a set price. For investors they act like a safety-net plus a shortcut: you get regular interest payments while retaining the option to join ownership if the share price rises, which offers upside potential but can dilute existing shareholders if conversion occurs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How will GP handle fractional shares in the consolidation?

Fractional post-consolidation shares will be rounded up to the nearest whole share, and no cash consideration will be paid for fractional shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 05:15 PM Accepted by SEC EDGAR 10/05/2026 - 05:14 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number 001-39476

GreenPower Motor Company Inc.

(Translation of registrant's name into English)

#240 - 209 Carrall Street, Vancouver, British Columbia V6B 2J2

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ]

SUBMITTED HEREWITH

99.1	Press Release dated Oct 5, 2026

- 2 -

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GreenPower Motor Company Inc.

/s/ Michael Sieffert
Michael Sieffert, Chief Financial Officer
Date: October 5, 2026

Press Release

GreenPower Announces Proposed Share Consolidation

Vancouver, British Columbia, October 5, 2026 - GreenPower Motor Company Inc. (Nasdaq: GP) ("GreenPower"), announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every five currently-outstanding Shares (the "Consolidation").

It is anticipated that the Consolidation will reduce the number of outstanding shares of the Company from 10,503,546 Shares to approximately 2,100,709 Post-consolidated Shares, subject to adjustment for rounding. The Consolidation is being undertaken to regain compliance with Nasdaq listing rules requiring a minimum bid price for the Company's shares of $1 per share (the "Minimum Bid Price Requirement"). The Consolidation is subject to approval by the Nasdaq Stock Exchange ("Nasdaq" or the "Exchange").

The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release.

No fractional Post-consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-consolidated Share will be rounded up to the nearest whole number of Post-consolidated Shares and no cash consideration will be paid in respect of fractional shares.

The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.

For further information contact:

Fraser Atkinson, CEO

(604) 220-8048

Michael Sieffert, CFO

(604) 563-4144

Brendan Riley, President

(510) 910-3377

About GreenPower Motor Company Inc.

GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com.

Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward looking statements in this press release include that the statements relating to the proposed share consolidation, including the number of outstanding Post-consolidated Shares after the Consolidation, and the statements relating to the Company's plan to regain compliance with the Minimum Bid Price Requirement. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. A number of important factors including those set forth in other public filings (filed under the Company's profile on www.sedarplus.ca and www.sec.gov) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Risks that could change or prevent these statements from coming to fruition include that the Company may not obtain approval for the Consolidation from the Exchange and the Company's plan to regain compliance with the Minimum Bid Price Requirement may not succeed. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

1 document

Press Releases

EX-99.1 EXHIBIT 99.1 7.0 KB