US EditionGreenPower Announces Proposed Share Consolidation
GreenPower's consolidation will reduce outstanding shares from over 30 million to approximately 3 million to meet Nasdaq's minimum bid price and stockholders' equity requirements.
- GreenPower Motor Company Inc. announced a one new Share for every ten currently-outstanding Shares consolidation, reducing 30,462,084 pre-consolidation Shares to approximately 3,046,208 post-consolidated Shares, subject to TSX Venture Exchange and Nasdaq approval, with the Effective Date to be announced later.
- After a Nasdaq notice on August 15, 2025, GreenPower must provide a plan by September 29, 2025, to regain compliance with the Minimum Stockholders' Equity Requirement and Minimum Bid Price Requirement .
- Under the proposed mechanics no fractional shares will be issued, shareholders entitled to fractional Post-consolidated Shares will be rounded up, and exercise prices and share numbers under outstanding options, warrants, and convertible debentures will be adjusted proportionally.
- The company expects post-Consolidation shares to continue trading on the TSX and TSX Venture Exchange under the same symbols, and shareholders of record on the Effective Date will receive exchange instructions via a letter of transmittal.
- If Nasdaq accepts the plan, it could grant an extension to February 11, 2026, but risks remain including failure to obtain TSX Venture Exchange approval or that the Company's compliance plan may fail, and the press release contains forward-looking statements subject to uncertainties.
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GreenPower Announces Proposed Share Consolidation
VANCOUVER, BC, Aug. 20, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower"), announces that it it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new…
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Total News Sources55
Leaning Left6Leaning Right2Center22Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 20%
C 73%
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