Business
GreenPower Announces Voluntary Delisting from the TSXV
VANCOUVER, BC, Nov. 5, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower" or the "Company"), a leading manufacturer
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"\n VANCOUVER, BC, Nov. 5, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (\"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 its decision to voluntarily delist its common shares from the TSX Venture Exchange (the \"Exchange\"), effective the close of business on November 14, 2025. This decision has been made following a thorough review of the Company's strategic priorities and operational efficiencies.\n \n \n \n \n \n \n \n \n Reasons for Delisting\n \n The voluntary delisting is driven by the following considerations:\n \n \n Low Trading Volumes: The Company has observed consistently low trading volumes on the Exchange. For the nine months ended September 30, 2025, the trading of the Company's shares on the Exchange was less than 2% of the trading volumes on NASDAQ, which does not justify the costs and administrative requirements associated with a continued listing on the Exchange.\n \n Cost Efficiency: Delisting will allow the Company to reduce regulatory and compliance costs, enabling it to allocate resources more effectively toward growth initiatives.\n \n Streamlined Operations: This move aligns with the Company's broader strategy to simplify its operations and focus on markets that provide greater shareholder value.\n \n \n Impact on Shareholders\n \n The Company assures shareholders that this decision will not affect their share ownership. The Company intends to maintain its NASDAQ exchange listing, offering shareholder's the ability to trade GreenPower shares. The Company will remain a reporting issuer under Canadian securities laws, ensuring continued transparency and compliance with regulatory requirements.\n \n Next Steps\n \n The Company is working closely with the Exchange to ensure a smooth transition. Shareholders are encouraged to contact their brokers or financial advisors for guidance on trading options and any necessary account adjustments.\n \n Commitment to Shareholders\n \n GreenPower remains committed to delivering long-term value to its shareholders. The decision to delist reflects the Company's dedication to optimizing its operations and focusing on initiatives that drive s...