GreenPower Motor Company announced a 1-for-5 consolidation of its common shares to reduce the number of outstanding shares from about 10.5 million to approximately 2.1 million. This move aims to comply with Nasdaq's listing rule requiring a minimum bid price of $1 per share. The consolidation is subject to Nasdaq approval and will adjust outstanding options, warrants, and convertible debentures proportionally. The company will keep its name and trading symbol unchanged, with the effective date to be announced later.
GreenPower's proposed 1-for-5 share consolidation is noted here with Pluang's Consumer Cyclical sector data for context. For readers following this sector, as of Oct 06, 2026 01:51 WIB, 64 of 112 US stocks rose while 47 fell. Notable movers include GAP at USD 23.47 with a 4.26% increase, NEGG at USD 11.95 up 4.00%, and KSS at USD 19.55 rising 3.91%.
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