GreenPower Motor Company's Share Consolidation Takes Effect Soon

GreenPower Announces Share Consolidation

GreenPower Motor Company Inc., listed both on Nasdaq and TSX Venture Exchange, has made significant changes concerning its shares. Following a recent news release on August 20, 2025, the company is set to consolidate its issued and outstanding shares on a new basis of one new share for every ten existing shares. This consolidation is indicative of the company’s strategic move to align its share structure while aiming for a more manageable share count and enhanced shareholder value.

Details of the Consolidation

The effective date for this consolidation is set for August 28, 2025. Following the consolidation, GreenPower will have approximately 3,046,229 shares outstanding, down from over 30 million. Importantly, this consolidation does not alter the company's authorized share count, meaning that there will be no maximum limit imposed.

Shareholders holding fractions of shares will not receive cash but will instead have their shares rounded up to the nearest whole number. As a consequence of the consolidation, the company's stock symbol will remain unchanged, ensuring investors can continue trading under known identifiers: 'GPV' for the TSX Venture Exchange and 'GP' for Nasdaq.

This move is likely to enhance liquidity and aid in reducing the volatility often associated with high share count scenarios. The exercise prices and the number of shares tied to outstanding options, convertible debentures, and warrants will also see proportional adjustments reflecting this consolidation.

Transition Process for Shareholders

To assist shareholders with this transition, Computershare Investor Services Inc. will distribute letters of transmittal that outline how to exchange the old share certificates for new ones. Shareholders are encouraged to follow the provided instructions closely and to submit their share certificates along with the transmittal letters to ensure they receive their new shares promptly.

GreenPower's President, Brendan Riley, and CEO, Fraser Atkinson, are both readily available to answer any queries regarding the consolidation process. With such proactive steps, the company is preparing for a robust future aligned with its mission of producing environmentally friendly electric vehicles.

About GreenPower Motor Company

Founded in Vancouver, Canada, GreenPower has dedicated itself to designing and manufacturing all-electric medium and heavy-duty vehicles. This includes a versatile lineup covering transit buses, school buses, shuttles, and cargo vans, all powered by zero-emission battery systems. The company leverages a clean-sheet design approach to deliver vehicles that meet diverse operational needs while integrating globally sourced components for optimal performance and reliability.

GreenPower has gained recognition in the market for its commitment to sustainability. The firm is firmly committed to the production of commercial vehicles that not only reduce emissions but also promote eco-friendly transportation solutions globally.

Since its listing on the Toronto exchange in November 2015, GreenPower has made significant strides, including completing its IPO and Nasdaq listing in August 2020. This share consolidation is yet another chapter in their ambitious plan to enhance shareholder engagement and operational excellence.