GreenPower Announces Receipt of Letter from NASDAQ

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower" or 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 transit space and school bus sector, announces that on October 15, 2026 the Company received a notice from the Nasdaq stock exchange ("Nasdaq") that the closing price of the common shares of the Company (the "Shares") on Nasdaq has been below the minimum $1 per Share for the last 30 consecutive business days, and that the Company is therefore out of compliance with Nasdaq Listing Rules. If the Shares close above $1 per Share for a minimum of 10 consecutive business days within 180 calendar days from the date of notice then the Company will regain compliance. If the Shares do not regain compliance with the Nasdaq Listing Rules within 180 calendar days then the Company may be eligible for an additional 180 calendar days to regain compliance if it meets all of the initial Listing Standards for the Nasdaq Capital Market other than the bid price requirement and provides written notice of its intention to cure the bid price requirement criteria.