GREENPOWER MOTOR Co INC.

GreenPower Motor Company Inc. has entered into a Letter of Intent (LOI) with Invisible Urban Charging, Inc. (IUC) to jointly develop integrated electric-fleet solutions. This collaboration aims to combine GreenPower's electric vehicle platforms with IUC's charging infrastructure, software, operations, and capital solutions. IUC has secured over US$2.5 billion for its electric mobility program. The LOI outlines the evaluation of various GreenPower vehicle platforms, fleet optimization, local assembly, and potential financing models, including fleet-as-a-service.

GreenPower Motor Company Inc. announced that the British Columbia Securities Commission revoked the cease trade order (CTO) previously issued on July 6, 2026. The CTO was a result of the company missing Canadian filing deadlines for its year-end reports. Trading of GreenPower's shares on the Nasdaq stock exchange was not impacted by the CTO, and U.S. filings are due by July 31, 2026.

GreenPower Motor Company Inc. reported a reduced net loss of $(5.48) million for the fiscal year ended March 31, 2026, a significant improvement from $(18.66) million in the prior year. Revenue decreased to $16.39 million from $19.85 million, but gross profit increased substantially to $9.22 million. The company's financial statements include a going concern warning due to recurring losses and an accumulated deficit, with management planning to secure financing and improve operations. Additionally, GreenPower completed a 10-for-1 common share consolidation in September 2025 and secured a $5.35 million contract with the state of New Mexico.

GreenPower Motor Company Inc. announced that the British Columbia Securities Commission issued a cease trade order (CTO) on July 6, 2026. This action was taken because the company missed the Canadian filing deadline of June 29, 2026, for its annual financial statements and related documents for the year ended March 31, 2026, due to unforeseen delays. Importantly, trading of GreenPower's shares on the Nasdaq stock exchange is not impacted by this CTO, and U.S. filings are due by July 31, 2026. The company is actively working with its auditors to complete the filings, after which the CTO is expected to be revoked.

GreenPower Motor Co. Inc. significantly boosted its shareholder equity by approximately $3.8 million through a series of related party transactions during the quarter ended June 30, 2026. These capital actions included the conversion of $2.1 million in related party loans and debentures into Series B Convertible Preferred Shares, the conversion of 1,351 Series A Convertible Preferred Shares (a $1.6 million liability) into common shares, and the issuance of common shares to settle accrued interest and from warrant exercises. These transactions improved the company's balance sheet by transferring liabilities to equity and raising capital.

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.

GreenPower Motor Company Inc. announced that Sebastian Giordano has resigned from its Board of Directors, effective May 1, 2026. Mr. Giordano will continue to support the company in a newly created advisory capacity, providing strategic guidance and ensuring a smooth transition. CEO Fraser Atkinson thanked Mr. Giordano for his contributions, and Mr. Giordano expressed his commitment to supporting GreenPower's strategic initiatives in his new role.