GreenPower Q2 Equity Transactions Boost Shareholder Equity by $3.8M
GP•GreenPower’s Q2 transactions increased shareholder equity by $3.8M through conversion of $2.1M of related-party debentures and loans into 2,192 Series B Convertible Preferred Shares and conversion of 1,351 Series A Preferred into about 1.5M common shares. Company settled $0.4M in interest with 257,638 shares and received $0.2M from warrant exercises.
1. Q2 Equity Conversion Details
During the quarter ended June 30, 2026 GreenPower exchanged $2.1 million of related-party convertible debentures and loans for 2,192 Series B Convertible Preferred Shares with a stated value of $1,000 each, carrying a 9% annual dividend and conversion at US$1.975 per common share.
2. Series A Preferred and Liability Transfer
GreenPower converted 1,351 Series A Convertible Preferred Shares into approximately 1.5 million common shares, transferring a $1.6 million liability from the balance sheet into shareholders’ equity, with each share carrying a 9% dividend and conversion rights at 105% of $1,000 stated value.
3. Interest Settlement and Warrant Exercise
The company issued 257,638 common shares at $1.44 per share to settle $0.4 million of accrued interest on related-party debentures and received $0.2 million in gross proceeds from the exercise of 256,410 warrants at $0.78 per share, further boosting equity.
