GreenPower Motor Company Inc. Common Shares - GP STOCK NEWS

GreenPower Motor Company (NASDAQ: GP) has announced the appointment of Sebastian Giordano to its Board of Directors. Giordano brings significant experience from the transportation and electric vehicle sectors, having served on boards of companies including AYRO, DropCar, and Transportation and Logistics Systems. He has also provided C-Level consulting services across various industries for 22 years.

Concurrent with this appointment, Cathy McLay has resigned from the Board after serving since January 2020. CEO Fraser Atkinson acknowledged McLay's contributions to the company's development and strategy in the EV space.

GreenPower Motor Company (NASDAQ: GP) has secured a follow-on order for 10 EV Star Cab & Chassis from Transportation Commodities Inc. (TCI). This order follows TCI's successful operation of four GreenPower electric vehicles since 2021. The EV Star Cab & Chassis is a purpose-built electric vehicle with a 7,000-pound carrying capacity and up to 150-mile range, designed for mid and last-mile delivery.

TCI plans to upfit these vehicles with specialized bodies through GP Truck Body, offering options including Stakebed Truck and ReeferX refrigerated bodies. The deal demonstrates TCI's confidence in GreenPower's zero-emission vehicles for reducing their carbon footprint while maintaining operational efficiency.

GreenPower Motor Company has appointed Wolfington Body Company as its exclusive school bus dealer in New Jersey, Pennsylvania and Delaware, along with rights to sell its Class 4 commercial EV line. Wolfington has purchased four demo units: a Type A Nano BEAST Access school bus, a Type D BEAST school bus, an EV Star Passenger Van, and an EV Star Stakebed Truck. Additionally, Wolfington secured an order for seven Type A Nano BEAST all-electric school buses for a New Jersey school district.

Wolfington, a fifth-generation family business operating since 1876, offers complete mechanical services and body shops with same-day parts delivery in most areas. The partnership announcement was supported by state Assemblywoman Andrea Katz and Hainesport Mayor Leila Gilmore, highlighting economic benefits and environmental advantages for the community.

GreenPower Motor Company (Nasdaq: GP) announces an exclusive live investor webinar scheduled for December 4, 2024. The company's CEO Fraser Atkinson, CFO Michael Sieffert, and President Brendan Riley will discuss strategic positioning and growth trajectory. GreenPower, a manufacturer of zero-emission electric vehicles, has produced approximately 900 vehicles to date, generating over $90 million in revenue from 614 vehicles delivered in the past three fiscal years. The company specializes in all-electric buses and trucks for commercial transportation, including transit buses, school buses, shuttles, and cargo vans.

GreenPower Motor Company has shipped eight EV Star Passenger Vans to Washington University in St. Louis, with two more to be delivered later this quarter. This follow-on order adds to the university's existing fleet of five EV Star vans used for campus transportation. The vehicles feature a 150-mile range, dual charging capabilities, and ADA accessibility options. Since October 1st, GreenPower has also delivered nine Type D BEAST school buses, one Type A Nano BEAST, and two additional EV Star Passenger Vans with ADA features. The company reports that current quarter deliveries have nearly exceeded the previous quarter's total.

GreenPower Motor Company reported Q2 fiscal 2025 results with revenues of $5.3 million, up 78% from the previous quarter. The company delivered 11 BEAST Type D electric school buses, six EV Star Cargo vehicles, and five EV Star Passenger Vans. Working capital stood at $10.1 million with inventory of $31.7 million. The company is advancing school bus production at its West Virginia facility, aiming to reach 20 buses per month. In October, GreenPower completed an offering of 3,000,000 common shares, raising $3 million gross proceeds for vehicle production and development.

GreenPower Motor Company (NASDAQ: GP) has closed its public offering of 3,000,000 common shares at $1.00 per share, raising gross proceeds of $3,000,000. The company granted the underwriter a 45-day option to purchase up to 450,000 additional shares. ThinkEquity , acting as underwriter, received a 7% discount and warrants to purchase 150,000 common shares at $1.25 per share, exercisable over three years. The net proceeds will fund production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, product development, and general corporate purposes.

GreenPower Motor Company (NASDAQ: GP) has announced the pricing of its underwritten public offering of 3,000,000 shares of common stock at $1.00 per share, aiming to raise $3,000,000 in gross proceeds. The company granted underwriters a 45-day option to purchase up to additional 450,000 shares. The offering is expected to close on October 30, 2024. The net proceeds will be used for electric vehicle production, working capital, and general corporate purposes. ThinkEquity is serving as the sole book-running manager for this offering.

GreenPower Motor Company (NASDAQ: GP) has announced a proposed public offering of common shares and/or pre-funded warrants. ThinkEquity will serve as the sole book-running manager, with a 45-day option to purchase up to an additional 15% of shares to cover over-allotments. The net proceeds will primarily fund the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, along with product development. The offering will be conducted under a shelf registration statement on Form F-3, with the final terms subject to market conditions.