GreenPower Motor Co Inc. (GP) completes $1,425,000 exempt sale
Filing Impact
Filing Sentiment
Form Type
D
Rhea-AI Filing Summary
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.
Positive
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Key Figures
Total Amount Sold: $1,425,000 USD
Total Remaining to be Sold: $0 USD
Series A Convertible Preferred Shares: 1,500 shares
+2 more
5 metrics
Total Amount Sold
$1,425,000 USD
Total securities sold in the exempt offering
Total Remaining to be Sold
$0 USD
Remaining amount in the offering
Series A Convertible Preferred Shares
1,500 shares
Convertible into common shares as part of this offering
Date of First Sale
2026-06-30
Initial sale date for the Rule 506(b) exempt offering
Finders' Fees
$0 USD
Finders' fees reported for the exempt offering
Key Terms
Rule 506(b), Series A Convertible Preferred Shares, Finders' Fees, covered securities
4 terms
Rule 506(b) regulatory
"X | Rule 506(b) | Rule 506(c) | Securities Act Section 4(a)(5)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Finders' Fees financial
"Finders' Fees $0 USD Clarification of Response (if Necessary)"
A finders' fee is a payment made to a person or firm that introduces two parties who then complete a business deal, such as a sale, investment or loan. Think of the finder as a matchmaker who gets paid for bringing the parties together; for investors this matters because the fee reduces the deal’s net proceeds, can affect returns, and may signal a potential conflict of interest that should be disclosed.
covered securities regulatory
"if the securities that are the subject of this Form D are covered securities for purposes of NSMIA"
FAQ
What type and size of offering did GreenPower Motor Co Inc. (GP) report?
GreenPower Motor Co Inc. reported an exempt private offering under Rule 506(b) with a total amount sold of $1,425,000 USD. The offering consists of 1,500 Series A Convertible Preferred Shares that are convertible into common shares, plus related equity rights.
When did the first sale occur in GreenPower Motor (GP)'s exempt offering?
The first sale in GreenPower Motor Co Inc.’s exempt offering occurred on 2026-06-30. This date marks the initial closing for the Rule 506(b) transaction, after which the company sold all securities covered by this notice with $0 remaining to be sold.
What securities are included in GreenPower Motor (GP)'s exempt offering?
The offering consists of 1,500 Series A Convertible Preferred Shares that are convertible into common shares, together with related equity rights such as options or warrants and the securities issuable upon their exercise, all described as part of the same exempt transaction.
How much of GreenPower Motor (GP)'s offering remains available to investors?
The notice shows a Total Remaining to be Sold of $0 USD, indicating the entire offering amount of $1,425,000 USD has been sold. No additional securities are reported as available for sale under this particular exempt offering.
Did GreenPower Motor (GP) report any finders' fees or commissions for this offering?
The company reports finders' fees of $0 USD for the offering. Digital Offering LLC is listed in the sales compensation section, but no sales commissions or finder payments are disclosed in connection with this Rule 506(b) private placement.
Which exemption does GreenPower Motor (GP) rely on, and who signed the notice?
GreenPower Motor Co Inc. relies on the Rule 506(b) exemption under Regulation D for this private sale. The notice is signed by Michael Sieffert, Chief Financial Officer, on behalf of the issuer, confirming the accuracy of the disclosed offering details.