GreenPower Converts USD 2 Million in Debt Into Preferred Shares

By Public Technologies
  • GreenPower Motor converted USD 2 million of convertible debenture principal into 2,105 Series B Convertible Preferred Shares to strengthen shareholders' equity.
  • The preferred shares carry a 9% annual dividend rate and are convertible into common shares at USD 1.975 per share, subject to adjustment.
  • Investors received 219,932 common shares for accrued debenture interest covering July 1 through September 30, 2026.
  • Another 140,640 common shares settled preferred dividends accrued over the same period.
  • The debt conversion supports compliance with Nasdaq's minimum shareholders' equity requirement.


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: 202610161930NEWSFILECNPR____20261016_319564_1) on October 16, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.