GreenPower Announces Effective Date of Share Consolidation

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower") announces that, further to its News Release of October 5, 2026, the Nasdaq Stock Exchange has approved the consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every five currently outstanding Shares (the "Consolidation"). The Consolidation will become effective at the opening of the market on October 19, 2026. The Company's symbol shall remain as "GP" on the Nasdaq Stock Exchange.

Currently, a total of 10,503,546 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 2,100,710 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. No fractional Post-consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-consolidated Share will be rounded up to the nearest whole number of Post-consolidated Shares and no cash consideration will be paid in respect of fractional shares.