GreenPower Completes Second Tranche of Preferred Share Financing, Raises $879,700
GreenPower Motor Company announced the issuance of a second tranche of Series A Convertible Preferred Shares, raising $879,700 in gross proceeds.
$879,700
up to $18 million
What Happened
GreenPower Motor Company Inc., a manufacturer of all-electric medium and heavy-duty vehicles, has issued the second tranche of 926 Series A Convertible Preferred Shares in a private placement. The company raised US$879,700 in gross proceeds as part of a Securities Purchase Agreement dated November 14, 2025, which allows for up to US$18 million in total financing. The shares are convertible into common shares based on a specified conversion rate.
GreenPower enters Securities Purchase Agreement for up to $18 million in Series A Convertible Preferred Shares from an institutional investor.
GreenPower completes second tranche, issuing 926 shares for $879,700.
$879,700
from second tranche of preferred share placement
Why this matters
This financing provides GreenPower with additional capital to fund its electric vehicle manufacturing operations, supporting its ongoing business activities.
Terms in This Story
- Convertible Preferred Shares
- A type of stock that can be converted into a fixed number of common shares, typically at the discretion of the shareholder.
- Private Placement
- A sale of stock or other securities directly to a select group of investors rather than through a public offering.
- Tranche
- A portion or installment of a larger financial deal, often used in stages of financing.
Summarised from the linked release; details can be imperfect — always verify against the original source.