#Canada #Vancouver #electric vehicles #GreenPower #ATM Program

GreenPower Launches ATM Equity Program

On March 7, 2025, GreenPower Motor Company Inc., recognized as a frontrunner in the all-electric vehicle sector, announced its entry into a significant sales agreement to establish an at-the-market (ATM) equity program in partnership with Roth Capital Partners, LLC. This program aims to bolster the company’s financial resources, facilitating the production and development of its zero-emission medium and heavy-duty vehicles.

What is the ATM Equity Program?

The ATM program allows GreenPower to issue up to $850,000 worth of common shares at its discretion. Through this initiative, shares will be sold at market price, enabling the company to attract investments without the complexities associated with traditional fundraising methods. The proceeds generated from the sales of these shares will primarily support the production of their innovative BEAST school buses and EV Star commercial vehicles. The initiative signifies GreenPower’s commitment to expanding its fleet of electric vehicles while ensuring sustainable practices and environmental responsibility.

Strategic Goals and Intentions

The net proceeds from the ATM program will not only be directed toward vehicle production but also towards enhancing product development and, potentially, other corporate activities. GreenPower emphasized that no sales of common shares will occur in Canada under this program, reflecting a targeted approach to expand its market presence effectively while maintaining compliance with regulatory standards.

Moreover, the company has resolved to pay Roth a commission of 3.0% on the aggregate gross proceeds from these sales, ensuring mutual benefits in this collaboration. This program is established pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC), demonstrating transparency and adherence to financial regulations.

GreenPower's Vision for Electric Vehicles

Founded in Vancouver, Canada, GreenPower Motor Company is dedicated to designing and distributing a comprehensive lineup of all-electric vehicles. Their mission encompasses the development of transit buses, school buses, shuttles, and cargo vans—all constructed with a clean, innovative approach that prioritizes zero emissions. GreenPower integrates advanced battery technology and components from global suppliers, ensuring that their vehicles meet diverse operational specifications while promoting ease of maintenance and warranty accessibility.

As the demand for electric vehicles continues to rise amidst growing environmental concerns, GreenPower remains at the forefront of this transformative industry. The launch of the ATM equity program signals the company’s readiness to seize emerging opportunities, respond effectively to market demands, and innovate further in the electric vehicle space.

Implications for Investors

The establishment of the ATM program presents a potentially fruitful opportunity for investors to engage in GreenPower’s growth journey. While there are no obligations for the company to sell shares under this agreement, the strategic financial maneuver aims to position GreenPower favorably in an ever-competitive marketplace. As the company navigates the challenges and opportunities inherent in the electric vehicle sector, interested stakeholders are invited to monitor developments closely.

In conclusion, GreenPower Motor Company’s ATM equity program represents a significant step toward reinforcing its financial foundation and fostering innovation in the electric vehicle sector. With an eye on expanding production capabilities and enhancing product offerings, the company is well-poised to meet the growing demands of environmentally conscious consumers and businesses alike. GreenPower’s commitment to sustainability and electric mobility positions it as a key player in the transition towards greener transportation solutions.

For more information about the ATM Program and GreenPower’s mission in the electric vehicle industry, visit their official website or consult the recent prospectus filed with the SEC.