GreenPower Motor Company has received three orders for 11 all-electric school buses from Arizona, California, and Oregon. These zero-emission vehicles represent a significant step towards sustainable transportation in the education sector and reflect the growing demand for environmentally friendly solutions. The company is a leader in the electric vehicle market, specifically in the medium and heavy-duty vehicle space.
GreenPower Motor Company, Inc. (NASDAQ: GP) (TSXV: GPV) has announced the successful closing of its previously announced underwritten public offering. The offering consisted of 1,500,000 common shares and warrants to purchase 1,500,000 common shares, with each common share sold together with one warrant at a combined public offering price of $. The warrants have an exercise price of $ per share, are exercisable immediately, and will expire three years following the date of issuance. The gross proceeds from the offering totaled approximately $20 million before deducting underwriting discounts and offering expenses, inclusive of the over-allotment. GreenPower intends to use the net proceeds from the offering for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, as well as for product development.
