VANCOUVER, Canada — GreenPower Motor Company, Inc. (TSXV: GPV)(OTCQX: GPVRF) announced today that it has filed an application to begin its plan to list GreenPower’s common shares on the NASDAQ Capital Market.
By up-listing to NASDAQ, the company believes that it will gain new exposure and access to a larger base of retail and institutional investors in the U.S. and internationally. NASDAQ is the world’s pre-eminent exchange for technology companies, company officials noted, including emerging markets such as the electric vehicle sector, which is expected to be a great fit for GreenPower. Management believes that the up-listing will bring significant value to the company.
The listing of the company’s common shares on NASDAQ remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. The company will provide updates on its progress as it moves toward this goal.
“We’re very excited to be taking steps to be the first EV designer, manufacturer and distributor of a suite of heavy duty all-electric buses to trade on NASDAQ,” stated Fraser Atkinson, chairman of GreenPower. “Becoming listed on NASDAQ will support the company’s aggressive growth plans, extend our sales channels for our products, expand the company’s access to capital, provide liquidity to shareholders and broaden the exposure of the company to the investment community.”
About GreenPower Motor Company, Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double-decker. GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose-built to be battery-powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles, and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators, while providing standard parts for ease of maintenance and accessibility for warranty requirements. www.greenpowerbus.com