Financing ·
GreenPower Motor Company Inc. completed the fourth tranche of its Series A Convertible Preferred Share financing on…
GPGREENPOWER MOTOR Co Inc.
GreenPower Motor Company Inc. completed the fourth tranche of its Series A Convertible Preferred Share financing on August 18, 2026, raising US$1,425,000 in gross proceeds from an institutional investor under a Securities Purchase Agreement dated November 14, 2025, as amended. The company issued 1,500 Series A Convertible Preferred Shares, which are convertible into common shares based on a rate equal to 105% of the stated value plus additional amounts owing divided by 125% of the prior day's NASDAQ closing price for common shares. GreenPower paid Digital Offering LLC a 5% cash placement fee on the gross proceeds. This equity issuance provides capital to support operations and growth initiatives. The company operates in the electric vehicle manufacturing industry, designing and building all-electric medium and heavy-duty vehicles including transit buses, school buses, shuttles, and cargo vans.