GreenPower receives non-compliance notice from Nasdaq
The company faces delisting risks after its share price stayed below one dollar for thirty days. Management must restore compliance within 180 days to maintain listing status.
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Manufacturer of zero-emission electric buses and commercial vehicles
greenpowermotor.comLast updated
In short: GreenPower faced delisting risk, bus recalls, West Virginia disputes, and financing raises while expanding in New Mexico.
The company faces delisting risks after its share price stayed below one dollar for thirty days. Management must restore compliance within 180 days to maintain listing status.
The company plans a 1-for-5 share consolidation to regain Nasdaq compliance with the $1 minimum bid price requirement.
The issuance adds to a larger US$18 million private placement facility established in late 2025 to support ongoing operations and growth.
The company raised up to $18 million in preferred shares and secured term loans to satisfy the exchange criteria while remaining under a one-year regulatory monitor.
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