GreenPower Mtr Co Inc Stock Price, News & Analysis

GreenPower Motor Company (NASDAQ: GP) reported its fiscal year 2025 results, generating revenues of $19.8 million. The company delivered 84 vehicles, including 34 BEAST Type D school buses, 2 Nano BEAST Type A school buses, 23 EV Star Cargo vehicles, and 25 EV Star Passenger Vans.

During the year, GreenPower consolidated its California operations into a single Riverside facility and introduced two new commercial vehicles: the EV Star Utility Truck and the EV Star REEFERX. The company ended the fiscal year with $8.1 million in working capital, $25.6 million in inventory, and $10.1 million in deferred revenue. GreenPower also completed two offerings, raising a total of $5.3 million in gross proceeds.

GreenPower Motor Company (NASDAQ: GP) has announced a delay in filing its annual financial statements and related documents for the year ended March 31, 2025. The British Columbia Securities Commission has issued a cease trade order (CTO) on July 10, 2025, resulting in the halting of the company's shares on the TSX Venture Exchange.

While trading on the Nasdaq stock exchange remains unaffected, the company is working with its auditors to complete the required Annual Filings, which include audited financial statements, management's discussion and analysis, certifications, and annual information form. Trading on TSX Venture Exchange will resume once the CTO is revoked following the completion of these filings.

GreenPower Motor Company (NASDAQ: GP) has closed the fifth tranche of its secured term loan offering, raising US$250,000 from companies controlled by its CEO and a Director. The loans, bearing a 12% annual interest rate with a two-year term, are secured by the company's assets and subordinated to senior debt.

As part of the transaction, the company issued 304,878 share purchase warrants at an exercise price of US$0.41 per share and 60,975 bonus shares to the lenders. Additionally, GreenPower reported selling 216,007 common shares at an average price of US$0.45 through its at-the-market equity offering program, generating net proceeds of US$95,025.

GreenPower Motor Company (NASDAQ: GP) has closed the fourth tranche of its secured term loan offering for $200,000. The loan agreements were made with companies controlled by the CEO and a Director. The loans will bear 12% annual interest with a two-year term and are secured with a general security agreement on company assets.

As part of the deal, the company issued 263,157 share purchase warrants at an exercise price of $0.38 per share and 52,631 bonus shares to the lenders. The proceeds will be used for production costs, supplier payments, payroll, and working capital.

GreenPower Motor Company (NASDAQ: GP), a manufacturer of zero-emission electric vehicles, has announced the fourth tranche of its secured term loan offering for US$200,000 from companies associated with the CEO and a Director. The funds will be used for production costs, supplier payments, payroll, and working capital.

As part of the loan agreement, the company will issue non-transferable share purchase warrants and bonus shares to one of the lenders. The warrants will allow the purchase of common shares at market price for a 24-month period, while bonus shares will be calculated at 20% of the principal amount divided by market price.

GreenPower Motor Company (Nasdaq: GP) has closed the third tranche of its secured term loan offering, raising US$300,000. The loans, provided by companies controlled by the CEO and a Director, will bear 12% annual interest and have a two-year term. The funds will be used for production costs, supplier payments, payroll, and working capital. As part of the deal, the company issued 340,909 share purchase warrants at US$0.44 per share and 68,181 bonus shares to the lenders. The loans are secured by a general security agreement on company assets, subordinated to senior debt. GreenPower, founded in Vancouver with operations in California, manufactures zero-emission electric medium and heavy-duty vehicles, including transit buses, school buses, and cargo vans.

GreenPower Motor Company (Nasdaq: GP) has closed the second tranche of its secured term loan offering for US$500,000. The loans, provided by companies controlled by the CEO and a Director, will bear 12% annual interest with a two-year term. As part of the deal, the company issued 568,181 share purchase warrants at an exercise price of US$0.44 per share and will issue 113,635 bonus shares to the lenders. The proceeds will be used for production costs, supplier payments, payroll, and working capital. The loans are secured with a general security agreement on company assets, subordinated to senior debt.

GreenPower Motor Company (Nasdaq: GP) has announced the second tranche of its secured term loan offering for US$500,000 from companies associated with its CEO and a Director. The loan proceeds will be used for production costs, supplier payments, payroll, and working capital. As an inducement, the company will issue non-transferable share purchase warrants to one lender and bonus shares to two lenders. The warrants will allow holders to purchase common shares at market price for 24 months. The bonus shares will be calculated as 20% of the principal amount divided by market price. This transaction qualifies as a "related party transaction" but is exempt from formal valuation and minority approval requirements. All securities issued will have a four-month statutory hold period.

GreenPower Motor Company (NASDAQ: GP) held its Annual General and Special Meeting where shareholders elected all six management-nominated directors: Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson, and Brendan Riley. The shareholders also approved the company's 2022 Equity Incentive Plan and reappointed BDO Canada LLP as auditors.

Following the meeting, the board appointed key officers: Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary. GreenPower specializes in manufacturing all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans, with zero emissions.