Vancouver, British Columbia--(Newsfile Corp. - July 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 announces the completion of several transactions during the quarter ended June 30, 2026 that collectively are expected to increase shareholder's equity by approximately $3.8 million. The transactions include the exchange of loans and convertible debentures owed to related parties into an aggregate of 2,192 Series B Convertible Preferred Shares, for a purchase price of approximately $2.1 million and a stated value of $2.2 million (the "Preferred Share Offering"); the conversion of 1,351 Series A convertible preferred shares into common shares, which led to the transfer of a liability of approximately $1.6 million to equity; the issuance of 257,638 common shares at $1.44 per share to pay for $0.4 million of accrued interest owed to related parties on convertible debentures; and the exercise of 256,410 warrants owned by a related party for gross proceeds of $0.2 million, and the issuance of 256,410 common shares.
