GreenPower disclosed Nasdaq notified it that its share price has been below $1 for 30 consecutive trading days, triggering listing-rule non-compliance. It has up to 180 days (potentially extended) to regain compliance by closing above $1 for 10 consecutive days. The outcome could drive near-term volatility and prompt strategic actions to cure the deficiency.
GreenPower plans 50 all-electric shuttle buses under a strategic partnership backed by more than $2.5 billion for electric mobility projects. The project uses a Mexico-based assembly approach, leveraging GreenPower's planned New Mexico facility and local body builders to tailor EV Star Cab & Chassis for Mexican customers, potentially expanding sales beyond the U.S. and Canada.