GreenPower proposes 1-for-5 share consolidation to regain Nasdaq $1 bid compliance

Bitget2026/10/05 21:01

GreenPower Motor plans a 1-for-5 share consolidation, issuing one new share for every five currently outstanding. Outstanding shares expected to fall to about 2,100,709 from 10,503,546, subject to rounding adjustments. Move targets Nasdaq’s $1 minimum bid price rule; transaction remains subject to Nasdaq approval. Fractional shares will not be issued; entitlements will be rounded up to whole post-consolidation shares. Exercise prices and share counts for options, warrants, and convertible debentures will be adjusted proportionally. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GreenPower Motor Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610051700NEWSFILECNPR____20261005_317496_1) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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