GreenPower Announces Proposed Share Consolidation
Key Highlights
- ➤1-for-5 share consolidation proposed to regain Nasdaq minimum bid compliance
- ➤Outstanding shares expected to fall from 10,503,546 to approximately 2,100,709
- ➤Nasdaq approval required; effective date will be announced later
- ➤GreenPower will retain its name and NASDAQ ticker GP
Expert Statements
Fraser Atkinson, CEO of GreenPower Motor Company Inc.
“For further information contact: Fraser Atkinson, CEO (604) 220-8048”
Michael Sieffert, CFO of GreenPower Motor Company Inc.
“For further information contact: Fraser Atkinson, CEO (604) 220-8048 Michael Sieffert, CFO (604) 563-4144”
Brendan Riley, President of GreenPower Motor Company Inc.
“For further information contact: Fraser Atkinson, CEO (604) 220-8048 Michael Sieffert, CFO (604) 563-4144 Brendan Riley, President (510) 910-3377”
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower"), announces that it intends to complete a 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").
It is anticipated that the Consolidation will reduce the number of outstanding shares of the Company from 10,503,546 Shares to approximately 2,100,709 Post-consolidated Shares, subject to adjustment for rounding. The Consolidation is being undertaken to regain compliance with Nasdaq listing rules requiring a minimum bid price for the Company's shares of $1 per share (the "Minimum Bid Price Requirement"). The Consolidation is subject to approval by the Nasdaq Stock Exchange ("Nasdaq" or the "Exchange").
Get started
Create a free account to read the full story.