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GreenPower Closes Third Tranche of Term Loan Offering

GreenPower Motor Company Inc. closed the third tranche of its secured term loan offering for U.S. $300,000 on June 8, 2025, in Vancouver, BC.
The Company executed lending arrangements with entities overseen by its CEO and a Director, resulting in a related party transaction as defined under MI 61-101.
The Loans bear 12% annual interest from closing, are secured but subordinated to senior debt, have a two-year term, and include 340,909 non-transferable warrants exercisable at $0.44 each.
Management plans to apply the loan funds toward covering manufacturing expenses, settling obligations to suppliers, employee compensation, and general operational needs, while acknowledging that various risks could lead to outcomes that differ significantly from these expectations.
This loan closing supports GreenPower’s operations as a Nasdaq-listed maker of zero-emission medium and heavy-duty vehicles and may strengthen its financial position.

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