Business
GreenPower Announces Issuance of Convertible Debentures and Series B Convertible Preferred Shares
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, today announces that it has converted (the "Debenture Offering") US$7,000,000 of principal and accrued interest of outstanding loans with certain related parties of the Company into convertible debentures of the Company
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"Not for Distribution to United States News Wire Services or for Dissemination in the United States","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Jan. 29, 2026 /PRNewswire/ -- 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, today announces that it has converted (the "Debenture Offering") US$7,000,000 of principal and accrued interest of outstanding loans with certain related parties of the Company into convertible debentures of the Company (each, a "Debenture").","length":617,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/GreenPower Motor Company)","displaySize":"","headline":null,"caption":"(PRNewsfoto/GreenPower Motor Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":151,"url":"https://media.zenfs.com/en/cnwgroup.com/ca5985e2df4083b811bdf1560082543e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/M89IGg0kRrCxYOgG9lNozw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI2NjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/ca5985e2df4083b811bdf1560082543e","width":400,"height":151}},"href":"https://mma.prnewswire.com/media/1593965/GreenPower_Motor_Company_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""GreenPower has successfully converted $7 million of loans into secured convertible debentures and $3 million of loans into Series B Convertible Preferred Shares, further strengthening our capital structure and reinforcing our commitment to sustainable transportation solutions," said Fraser Atkinson, CEO of GreenPower. "These transactions demonstrate our ongoing ability to work collaboratively with our key stakeholders and related parties to advance the Company's growth and mission in the zero-emission vehicle sector. It will help ensure GreenPower's solid financial footing as we enter a phase of new manufacturing opportunities as recently announced in the state of New Mexico."","length":714,"tagName":"p"},{"type":"text","content":"The Debentures have a maturity date (the "Maturity Date") of three (3) years and bear ...