#Canada #Vancouver #TSX Venture #electric vehicles #GreenPower

GreenPower Motor Company Announces Trading Reinstatement

Vancouver, BC - September 3, 2025
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has made significant strides recently by announcing the reinstatement of its shares on the TSX Venture Exchange. This marks a noteworthy development after the company faced a temporary cease trade order due to filing deficiencies regarding its annual reports for the year ending March 31, 2025.

The TSX Venture Exchange’s decision to lift the trading suspension is pivotal for GreenPower, signaling a return to normal operations. The British Columbia Securities Commission and the Ontario Securities Commission had previously issued a cease trade order due to GreenPower's failure to file certain necessary documents by the regulatory deadlines. However, after thoroughly addressing these compliance issues, the order was lifted on July 31, 2025, leading to a favorable review by the Exchange.

Understanding the Cease Trade Order and Its Implications

The cease trade order (CTO) was primarily related to GreenPower's failure to submit audited financial statements, a management discussion, and related certifications by the due date. Despite this setback, trading on the Nasdaq remained unaffected during this period, allowing the company to maintain its presence in that market. The resolution of the CTO reinforces GreenPower's commitment to transparency and regulatory compliance, essential for restoring investor confidence.

Financial Overview Following the Cease Trade Order

In conjunction with the news of the reinstatement, GreenPower has shared additional insights regarding its financial position. The company has entered a revolving loan facility with a limit of up to $5 million, of which approximately $3.6 million remains outstanding, including principal and interest. This loan bears interest at a rate of US Prime +5% and is set to mature on January 26, 2027. GreenPower's management has indicated that further details about this financial arrangement are available in the company's periodic filings and that the loan is currently under review by the Exchange.

Borrowing from Related Parties

In recent years, GreenPower has secured loans from related parties totaling CAD $475,000 from FWP Holdings LLC, USD $250,000 from Koko Financial Services, and CAD $675,000 from another entity, all of which are linked to Fraser Atkinson, the CEO and Chairman. The company has reported accumulated unpaid interest on these loans, reflecting an ongoing commitment to financial obligations.

A Focus on Electric Vehicles

As the demand for green transportation options steadily increases, GreenPower continues to innovate in the electric vehicle sector. The company focuses on designing, manufacturing, and distributing a wide range of all-electric medium and heavy-duty vehicles, including transit and school buses, cargo vans, and more. With a mission centered around sustainable transportation, GreenPower is positioned to take advantage of the growing momentum in the electric vehicle market.

GreenPower's commitment to zero-emission vehicles is not just about compliance; it is a broader vision to transform urban transport dynamics through environmentally friendly solutions. Their engineering efforts employ clean-sheet designs to ensure that vehicles are optimized for battery power, thus reducing reliance on traditional fossil fuels.

Committed to Compliance and Future Growth

Moving forward, GreenPower is focused on not just meeting regulatory requirements but also enhancing its market presence. The company's management is dedicated to improving their operational strategies in line with investor expectations and market opportunities. The reinstatement of trading on the TSX Venture Exchange will undoubtedly open new avenues for growth and investment in GreenPower.

GreenPower: A Commitment to Sustainability
Founded in Vancouver, Canada, with primary operations based in Southern California, GreenPower aims to revolutionize the transportation sector by providing all-electric solutions that are efficient and environmentally acceptable. More information can be found on their official website, www.greenpowermotor.com.

For further inquiries, please contact:
Fraser Atkinson, CEO, (604) 220-8048
Brendan Riley, President, (510) 910-3377
Michael Sieffert, CFO, (604) 563-4144

Conclusion

GreenPower's return to the TSX Venture Exchange is a significant milestone for the company, indicating recovery and growth potential after overcoming regulatory challenges. With robust financial strategies and a clear focus on sustainability, GreenPower stands poised to be a leader in the electric vehicle market.