VANCOUVER, BC, Jan. 8, 2026/ PRNewswire/– GreenPower Motor Business Inc. (NASDAQ: GP) (” GreenPower” or the “Business”), a leading producer and supplier of all-electric, purpose-built, zero-emission medium and sturdy lorries serving the freight and shipment market, shuttle bus and transit area and school bus sector, today revealed that it has actually gotten credit approval from CIBC for $ 5 million in funding centers, consisted of a $ 3 million revolving credit line and a $ 2 million term loan with a 3 year term. Furthermore, the Business has actually gotten credit approval from CIBC to participate in a letter of credit of $ 450,000, protected by money security, and a letter of credit center of approximately $ 2.5 million, which goes through approval from another banks. GreenPower’s deal with CIBC goes through settling paperwork, along with fulfillment of all closing conditions, and all celebrations are actively working towards a prompt conclusion. In addition, GreenPower has actually revealed that it has actually closed $ 5 million in term loans from 2 household workplaces, which have actually offered individual joint and a number of assurances in assistance of these credit centers. A part of the net earnings from the fundings will be utilized to pay back and close the Business’s existing operating credit line, with the rest utilized for basic business functions. These deals represent a crucial action in the recapitalization of the Business and will enable GreenPower to speed up production of all-electric lorries to satisfy existing consumer orders.
The Business has actually accepted provide 3,205,128 non-transferable share purchase warrants (each, a “Loan Benefit Warrant”) to among the household workplaces. Each Loan Perk Warrant entitles the holder to acquire one typical share of the Business (each, a “Share”) at a workout rate of US$ 0.78 per Share for a duration of thirty-six (36) months from the closing date of the Loan. In addition, the Business has actually accepted provide to among the household workplaces an aggregate of 641,025 Shares (each a “ Loan Benefit Share“). The household workplaces are each thought about to be a “associated celebration” within the significance of Multilateral Instrument 61-101 Security of Minority Security Holders in Unique Deals (” MI 61-101″) and each of the loans with the household workplaces and issuance of Loan Perk Warrants and Loan Benefit Shares, as suitable, is thought about to be a “associated celebration deal” within the significance of MI 61-101 however each is exempt from the official appraisal requirement and minority approval requirements of MI 61-101 by virtue of the exemptions consisted of in Areas 5.5( g) and 5.7( e) of MI 61-101.
All securities provided in connection with the loans with the household workplaces will undergo a statutory hold duration of 4 months plus a day from the closing of the loan in accordance with suitable securities legislation.
For more info contact:
Fraser Atkinson, CEO
( 604) 220-8048
Brendan Riley, President
( 510) 910-3377
Michael Sieffert, CFO
( 604) 563-4144
About GreenPower Motor Business Inc.
GreenPower styles, constructs and disperses a complete suite of high-floor and low-floor all-electric medium and sturdy lorries, consisting of transit buses, school buses, shuttle bus, freight van and a taxi and chassis. GreenPower utilizes a clean-sheet style to produce all-electric lorries that are function constructed to be battery powered with absolutely no emissions while incorporating worldwide providers for essential elements. This OEM platform enables GreenPower to fulfill the requirements of different operators while offering basic parts for ease of upkeep and ease of access for service warranty requirements. For more info go to www.greenpowermotor.com
Positive Declarations
This press release includes positive declarations associating with, to name a few things, GreenPower’s service and operations and the environment in which it runs, which are based upon GreenPower’s quotes, projections and forecasts. Positive declarations are not based upon historic realities, however rather on existing expectations and forecasts about future occasions, and are for that reason based on threats and unpredictabilities which might trigger real outcomes to vary materially from the future outcomes revealed or indicated by these positive declarations. These declarations consist of declarations relating to: that the Business will settle and perform the paperwork for the funding centers and the standby letter of credit centers which GreenPower will speed up production of all-electric lorries to satisfy existing consumer orders. You must not trust positive declarations as forecasts of future occasions. Although the Business thinks that such declarations are affordable and show expectations of future advancements and other aspects which management thinks to be affordable and appropriate, the Business can offer no guarantee that such expectations will show to be appropriate. In making the positive declarations in this press release, the Business has actually used a number of product presumptions, consisting of without constraint, that market basics will support the practicality of absolutely no emission lorries, the schedule of all federal government awards and rewards, the schedule of funding essential for its ongoing operations, the schedule of proficiency needed for the Business to perform its organized future activities and item advancements, the schedule of and the capability to keep and bring in certified workers, and the capability to preserve and enhance its tactical collaborations in the market. The result of the occasions explained in these positive declarations goes through recognized and unidentified threats, unpredictabilities, and other aspects that might trigger the Business’s real outcomes, efficiency, or accomplishments to vary materially from those explained in the positive declarations, consisting of, to name a few things: the effect of macroeconomic unpredictabilities and market volatility; the Business’s monetary efficiency, consisting of expectations concerning its outcomes of operations and the presumptions underlying such expectations, and capability to accomplish and sustain incomes and accomplish success; the Business’s capability to bring in and keep consumers; the Business’s capability to abide by customized or brand-new market requirements, laws and guidelines using to its service, and increased expenses related to regulative compliance. Positive declarations represent the management’s beliefs and presumptions just since the date such declarations are made. Readers must likewise describe the danger disclosures described in the Business’s disclosure files submitted from time-to-time with the Securities and Exchange Commission at www.sec.gov and SEDAR+ at www.sedarplus.ca. These positive declarations are made since the date of this press release, and the Business presumes no responsibility to upgrade the positive declarations, or to upgrade the reasons real outcomes might vary from those forecasted in the positive declarations, other than as needed by suitable law, consisting of the securities laws of the United States and Canada
© 2026 GreenPower Motor Business Inc. All quantities are denominated in United States dollars. All rights booked.
SOURCE GreenPower Motor Business