VANCOUVER, BC, March 5, 2025 — GreenPower (Nasdaq: GP) (TSXV: GPV) (“GreenPower” or the “Company”), a prominent manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles for the cargo and delivery market, shuttle and transit sector, and school bus industry, is issuing an update today regarding its investor relations representative and a notice received from the Nasdaq stock exchange.
As previously announced, GreenPower entered into an agreement on February 26, 2024, to engage RedChip Companies, Inc. (“RC”) as its Investor Relations Representative. The initial agreement was for six months and has since continued on a month-to-month basis. Under this agreement, RC’s responsibilities include helping to create investor marketing materials, communicating with and marketing to potential investors, shareholders, and media contacts. GreenPower compensates RC with a monthly fee of US $10,500, in addition to reimbursing pre-approved expenses, for these services. RC, an investor relations firm located in Florida, United States, is acting as an independent advisor to GreenPower. To GreenPower’s knowledge, RC has no direct or indirect stake in GreenPower or its securities, nor does it have any intention or right to acquire such an interest.
On February 27, 2025, GreenPower received notification from the Nasdaq stock exchange (“Nasdaq”) that the closing price of GP shares on Nasdaq had been below the minimum of $1 per share for the preceding 30 consecutive business days, indicating non-compliance with Nasdaq Listing Rules. GreenPower will regain compliance if GP shares close above $1 per share for 10 consecutive trading days within 180 calendar days from the date of the notice. If GP shares do not meet Nasdaq Listing Rules within this 180-day period, the Company may be eligible for an extension of another 180 calendar days to regain compliance, provided it meets all initial Listing Standards for the Nasdaq Capital Market, excluding the bid price requirement, and provides written notice of its intent to rectify the bid price requirement.
For further information contact:
Fraser Atkinson, CEO
(604) 220-8048
Michael Sieffert, CFO
(604) 563-4144
About GreenPower Motor Company Inc.
GreenPower engineers, manufactures, and distributes a comprehensive range of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, and a cab and chassis. GreenPower utilizes a clean-sheet design approach to produce all-electric vehicles specifically designed for battery power and zero emissions, while also integrating key components from global suppliers. This OEM platform enables GreenPower to fulfill the unique requirements of various operators while ensuring standardized parts for easy maintenance and warranty accessibility. Founded in Vancouver, Canada, GreenPower’s primary operational facilities are located in southern California. GreenPower has been listed on the Toronto exchange since November 2015 and completed its U.S. IPO and NASDAQ listing in August 2020. For more details, please visit
Forward-Looking Statements
This document includes forward-looking statements concerning GreenPower’s business, operations, and operating environment, which are based on GreenPower’s actions, estimates, forecasts, and projections. These forward-looking statements are not based on historical facts but on current expectations and projections regarding future events. As such, they are subject to risks and uncertainties that could cause actual results to significantly differ from those expressed or implied. These statements are often identified by terms like “upon,” “may,” “should,” “will,” “could,” “intend,” “estimate,” “plan,” “anticipate,” “expect,” “believe,” or “continue,” including their negative forms or similar variations. These statements do not guarantee future performance and involve risks and uncertainties that are difficult to predict. Numerous important factors, including those in other public filings (available under the Company’s profile on ) could cause actual outcomes and results to vary significantly from those in these forward-looking statements. Therefore, readers should avoid placing undue reliance on these statements. Furthermore, these forward-looking statements are relevant only as of the date they are made. GreenPower disclaims any intention or obligation to update or revise these statements due to new information, future events, or other reasons.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) is responsible for this release’s adequacy or accuracy. All figures are in U.S. dollars. ©2025 GreenPower Motor Company Inc. All rights reserved.
SOURCE GreenPower Motor Company
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