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.

GreenPower Motor Company Inc. reported unaudited financial results for the three months ended June 30, 2026, recording a net loss of $2,396,888 and revenue of $439,148. The company held cash of $17,557 and working capital of $8,646,005 at quarter-end. During the period, GreenPower converted 1,351 Series A convertible preferred shares into common equity, issued 256,410 common shares via warrant exercise for $200,000 in proceeds, and paid accrued interest on convertible debentures with stock. The company failed to meet quarterly debt service coverage ratio covenants for its CIBC line of credit and EDC term loan facilities. GreenPower designs, builds, and distributes all-electric medium and heavy-duty vehicles.

Between April 1 and June 30, 2026, GreenPower Motor Company completed several equity transactions that increased pro-forma shareholders' equity to $5,333,556. Key activities included the conversion of $1,643,214 in Series A preferred share liabilities into 1,494,423 common shares, the issuance of 256,410 common shares via warrant exercises for $200,000, and the conversion of $2,082,400 in related-party loans and debentures into Series B convertible preferred shares. On June 30, 2026, the company issued a third tranche of Series A convertible preferred shares for $1,425,000 and amended its existing purchase agreement to increase the total issuable facility to $20 million. The company maintains approximately $16.5 million in available funding through this facility. GreenPower Motor Company is an electric vehicle manufacturer.