InvestmentJul 1, 2026, 08:37 AM
GreenPower Completes Third Tranche of Preferred Share Financing
AI Summary
GreenPower Motor Company Inc. announced the completion of the third tranche of its Series A Convertible Preferred Share financing. The company issued 1,500 preferred shares, raising gross proceeds of US$1,425,000. Additionally, GreenPower amended the Securities Purchase Agreement with an institutional investor to increase the aggregate stated value of issuable Series A Convertible Preferred Shares by US$2 million.
Key Highlights
- Completed third tranche of Series A Convertible Preferred Share financing.
- Issued 1,500 Series A Convertible Preferred Shares.
- Received gross proceeds of US$1,425,000 from the third tranche.
- Amended agreement to increase aggregate stated value by US$2 million.
- Will pay a 5% cash placement fee to Digital Offering LLC.
Price Impact
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