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Nasdaq approves one-for-five share consolidation effective October 19, reducing outstanding shares from over 10.5 million

GPGREENPOWER MOTOR Co Inc.

The Nasdaq Stock Exchange has approved GreenPower Motor Company Inc.'s request to consolidate its issued and outstanding common shares on a one-for-five basis. The consolidation becomes effective at the opening of market on October 19, 2026. Consequently, the total number of outstanding shares will decrease from approximately 10.5 million to roughly 2.1 million, with fractional shares rounded up to the nearest whole share without cash payment. Outstanding options, warrants, and convertible debentures will be proportionally adjusted. GreenPower designs, builds, and distributes all-electric medium and heavy-duty vehicles.

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