GreenPower Motor Company Inc. (NASDAQ: GP) has completed a $1.43 million private placement of 1,500 Series A Convertible Preferred Shares, marking the fourth tranche under its existing facility with an institutional investor.
The transaction follows an amended Securities Purchase Agreement dated June 30, 2026, which updated terms initially agreed upon November 14, 2025. Each preferred share is convertible into common stock at a rate equal to 105% of the preferred share’s stated value plus any accrued amounts, divided by 125% of the prior day’s NASDAQ closing price for GP’s common shares.
GreenPower, which designs and distributes all-electric medium and heavy-duty vehicles including transit buses, school buses, shuttles, cargo vans, and chassis for delivery and transit applications, paid a 5% cash placement fee to Digital Offering LLC. The engagement with Digital Offering was formalized via an agreement dated October 29, 2025.
The company’s shares trade under the ticker GP on the NASDAQ exchange.
