GreenPower Motor establishes ATM equity program

GreenPower Motor (GP) Company is pleased to announce that it has entered into a sales agreement with Roth Capital Partners to establish an at the market equity program. The company, at its discretion, may issue up to $850,000 of common shares of the company under the ATM Program, which will be issued from treasury to the public. Any Common Shares sold under the ATM Program will be sold at market price, or as otherwise agreed upon by the company and Roth by means of ordinary brokers’ transactions on the Nasdaq Capital Market or any other existing trading market for the Common Shares in the United States. No Common Shares will be offered or sold in Canada under the ATM Program. The Company intends to use the net proceeds of any sales of Common Shares under the ATM Program for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, as well as for product development, with the remainder, if any, for general corporate purposes.