Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - 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 announced it has issued the second tranche of 926 Series A Convertible Preferred Shares in a private placement for gross proceeds of US$879,700 pursuant to a Securities Purchase Agreement dated November 14, 2025 for the issuance of up to US$18 million of Series A Convertible Preferred Shares through a facility with an institutional investor. Each Series A Convertible Preferred Share is eligible to be converted into common shares in the capital of the Company (each, a "Common Share") based on a specified conversion rate equal to the quotient of 105% of the stated value of each Series A Convertible Preferred Share, plus any additional amounts owing to the Investor at the time of conversion, and 125% of the closing price of the Common Shares on NASDAQ on the day prior to the issuance of such Series A Convertible Preferred Shares.
