US EditionGreenPower Closes Second Tranche of Term Loan Offering
- GreenPower Motor Company Inc. Announced the closing of the second tranche of its secured term loan offering totaling U.S. $500,000 on May 27, 2025, in Vancouver, BC.
- The tranche was funded by companies linked to the CEO and a Director, making the lenders related parties under Multilateral Instrument 61-101 regulations.
- GreenPower designs and distributes fully electric, emission-free vehicles for medium and heavy-duty applications, including markets such as cargo delivery, transit, shuttle services, and school buses, with its main operations based in southern California.
- Management plans to use the net proceeds primarily for manufacturing expenses, vendor settlements, employee compensation, and operational liquidity, while acknowledging that actual application may vary due to inherent risks and uncertainties.
- All securities issued in relation to the Loans will be restricted from trading for a period of four months and one day following the closing of the Initial Loan, in compliance with applicable securities laws, and the transactions are exempt from valuation and minority approval requirements under MI 61-101.
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The Conway Daily Sun+31 Reposted by 31other sources
GreenPower Closes Second Tranche of Term Loan Offering
VANCOUVER, BC, May 28, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and…
Chatham Star Tribune+39 Reposted by 39other sources
GreenPower Announces Second Tranche of Term Loan
VANCOUVER, BC, May 27, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and…
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