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The latest announcement is out from GreenPower Motor ( (GP) ).
On January 29, 2026, GreenPower Motor Company announced the conversion of US$7 million of principal and accrued interest on outstanding related-party loans into secured convertible debentures, along with the conversion of a further US$3 million of related-party loans into Series B convertible preferred shares. The debentures carry a three-year term, a 12% annual interest rate payable in cash or shares, and are convertible into common shares at US$0.99, while the Series B preferred shares carry a 9% dividend and are convertible at US$1.975 per share; together, these transactions are designed to strengthen the company’s capital structure as it enters a new phase of manufacturing expansion, including recently announced opportunities in New Mexico. The financing involved significant participation by insiders, notably CEO Fraser Atkinson and investor David Richardson, triggering early warning disclosures that show Atkinson’s potential partially diluted stake could exceed 60% if all options, warrants, debentures and preferred shares are converted, underscoring a heightened level of insider control and alignment but also raising governance and concentration considerations for minority shareholders.
The most recent analyst rating on (GP) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the GP Stock Forecast page.
More about GreenPower Motor
GreenPower Motor Company Inc., based in Vancouver and listed on Nasdaq, is a manufacturer and distributor of all‑electric, purpose‑built, zero‑emission medium- and heavy-duty vehicles. The company focuses on the cargo and delivery market, shuttle and transit applications, and the school bus sector, positioning itself within the growing market for commercial electric transportation solutions.
Average Trading Volume: 1,439,448
Technical Sentiment Signal: Sell
Current Market Cap: $2.74M
For detailed information about GP stock, go to TipRanks’ Stock Analysis page.