1. GreenPower plans its 2025 Annual Meeting on May 23, 2025. 2. Record date for shareholder voting is April 16, 2025. 3. GreenPower notified by Nasdaq for not holding its annual meeting on time. 4. The company expects to regain compliance through the upcoming meeting. 5. GreenPower specializes in all-electric vehicles for various transportation sectors.
Holding the annual meeting may improve investor confidence and compliance status, boosting GP's valuation. Past compliance issues have historically prompted mixed market reactions, but proactive management tends to stabilize stock prices.
The article outlines compliance efforts and shareholder engagement, which are crucial for GP's stock health. Such governance updates are significant for institutional investors evaluating risk.
The upcoming meeting is set for May 23, offering immediate implications for stock stability. Investor sentiment may fluctuate until the meeting's outcome is confirmed.
/PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and 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, announces that its 2025 Annual General and Special Meeting of shareholders will be held on Friday, May 23, 2025. The record date for voting at the Annual General and Special Meeting has been set as April 16, 2025. A copy of the notice, agenda and associated material will be distributed to shareholders by normal distribution methods prior to the meeting and will also be made available on the Company's website at that time.
Pursuant to the Nasdaq Rules, the Company announces that it has received a notification letter from Nasdaq on April 1, 2025, citing non-compliance with Listing Rule 5620(a) for failing to hold its annual general meeting of shareholders within twelve months of the fiscal year ended March 31, 2024. The Company anticipates that it will regain compliance by holding its annual general meeting on May 23, 2025.
Fraser Atkinson, CEO
(604) 220-8048
Brendan Riley, President
(510) 910-3377
Michael Sieffert, CFO
(604) 563-4144
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.