Financing ·
GreenPower proposes five-for-one share consolidation to regain Nasdaq $1 minimum bid price compliance
GPGREENPOWER MOTOR Co Inc.
GreenPower Motor Company Inc. announced a proposed one-for-five reverse stock split of its common shares to reduce the outstanding share count from approximately 10.5 million to roughly 2.1 million. The move aims to restore compliance with Nasdaq's $1.00 minimum bid price requirement. The transaction requires approval from the Nasdaq Stock Exchange, and an effective date will be announced separately. GreenPower designs, builds, and distributes all-electric medium and heavy-duty vehicles.