GreenPower Announces Closing of US$2.3 Million Underwritten Public Offering
VANCOUVER, BC, May 9, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower" or the "Company"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the closing of its previously announced underwritten public offering (the "Offering").
- VANCOUVER, BC, May 9, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower" or the "Company"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the closing of its previously announced underwritten public offering (the "Offering").
- The Offering consisted of 1,500,000 common shares and warrants to purchase 1,500,000 common shares.
- Each common share was sold together with one warrant at a combined public offering price of US$1.55.
- Gross proceeds from the Offering were approximately US$2.3 million before deducting underwriting discounts and offering expenses, inclusive of the over-allotment.