GreenPower Converts USD 2 Million in Debt Into Preferred Shares

Bitget2026/10/16 23:31

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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GreenPower Converts USD 2 Million in Debt Into Preferred Shares

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