GreenPower Motor Converts Related-Party Debt Into US$1.2 Million in Preferred Shares

GreenPower Motor ( (GP) ) has issued an announcement.

On March 31, 2026, GreenPower Motor Company Inc. converted related-party term loans into 1,200 Series B convertible preferred shares with an aggregate stated value of US$1.2 million and a 9% annual dividend, each convertible into common shares at US$1.975, according to a material change report dated April 9, 2026. The transaction, treated as a related-party deal under Canadian securities rules but exempt from formal valuation and minority approval requirements, boosts shareholders’ equity and modestly increases CEO Fraser Atkinson’s diluted ownership, with all securities subject to a four-month-plus-one-day hold period.

The most recent analyst rating on (GP) stock is a Hold with a $0.93 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the GP Stock Forecast page.

Spark’s Take on GP Stock

According to Spark, TipRanks’ AI Analyst, GP is a Neutral.

The score is primarily held down by weak financial performance—ongoing large losses, negative operating/free cash flow, and especially negative equity with rising leverage. Valuation is also constrained by a negative P/E and no dividend yield data, while technicals are scored neutral due to missing indicators.

To see Spark’s full report on GP stock, click here.

More about GreenPower Motor

GreenPower Motor Company Inc. is a Canada-based manufacturer in the electric vehicle sector, focused on purpose-built, all-electric medium- and heavy-duty vehicles such as buses and commercial transport. The company targets the North American market, aiming to capitalize on the transition to zero-emission transportation solutions by municipalities, fleet operators and other commercial customers.

Average Trading Volume: 277,985

Technical Sentiment Signal: Sell

Current Market Cap: $4.83M

See more data about GP stock on TipRanks’ Stock Analysis page.