GreenPower Motor Company (NASDAQ: GP) Implements Reverse Stock Split for NASDAQ Compliance

• GreenPower Motor Company (NASDAQ: GP) completed a 5-for-1 reverse stock split on October 19, 2026, to address NASDAQ compliance issues.
• This action was taken after the company's shares traded below NASDAQ's $1 minimum bid price for 30 consecutive business days.
• The reverse split reduces outstanding shares from approximately 10.5 million to 2.1 million and aims to raise the per-share price, though it does not inherently increase company value or guarantee sustained compliance.

GreenPower Motor Company (NASDAQ: GP), a manufacturer of electric vehicles, initiated trading on a 5-for-1 reverse split basis on October 19, 2026. This reverse stock split combines every five existing shares into one new share, with its ticker remaining GP.

GreenPower Motor Company took this strategic step after receiving a NASDAQ notice on October 15, 2026. Its shares had closed below the exchange’s $1 minimum bid price for 30 consecutive business days. The company has 180 calendar days from the notice date to regain NASDAQ compliance.

To meet NASDAQ’s requirement, GreenPower must close at or above $1 for at least 10 consecutive business days. The reverse stock split effectively reduces the number of outstanding shares and proportionally raises the price per share at the time of the split. However, it does not inherently increase the company’s market value or guarantee sustained compliance.

GreenPower Motor Company expects its outstanding shares to decrease from approximately 10.5 million to 2.1 million, subject to rounding. The company has stated it will not issue fractional shares post-split. Currently, GreenPower (GP) trades at $1.43, reflecting a decrease of $0.18, or 11.18%, with a market capitalization of approximately $3 million.