GreenPower Motor Company stock fell 31.62 percent after split plan

Published on 10/07/2026 at 00:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GreenPower Motor Company stock faces a 1-for-5 consolidation announced October 5, 2026, subject to Nasdaq approval. Fiscal 2026 revenue was USD 16.4 million, down 17.4 percent year over year.

GP, CA39540E4013, Illustration mit AI erstellt.

GreenPower Motor Company (ISIN CA39540E4013) was last at USD 0.38 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, down 31.62 percent. The electric vehicle maker announced a proposed one-for-five share consolidation on October 5, 2026, with Nasdaq approval required before implementation, according to GreenPower.

Reverse split targets Nasdaq compliance

The proposed consolidation would create one post-consolidation share for every five current shares. GreenPower said the measure is intended to address Nasdaq's USD 1 minimum bid-price requirement, while the company's outstanding share count stood at 10,503,546 before the proposed action.

The release states that the consolidation remains subject to exchange approval and that its effective date will be announced separately. Options, warrants and convertible debentures would receive proportional adjustments if the transaction proceeds, while fractional entitlements would be rounded up without a cash payment.

Revenue fell as gross profit surged

GreenPower's fiscal 2026 report, covering the year ended March 31, 2026, showed revenue of USD 16.4 million, down 17.4 percent from USD 19.8 million in fiscal 2025, according to MetaTrader.

The same report put gross profit at USD 9.2 million, up 319.5 percent from USD 2.2 million, and net loss at USD 5.5 million compared with USD 18.7 million in fiscal 2025. The report also states that USD 9.6 million of revenue came from deferred revenue recognized after canceled contracts, making the gross-profit comparison less representative of recurring vehicle demand.

That combination leaves the proposed consolidation as more than a share-count adjustment. The Nasdaq threshold is immediate, while the fiscal-year figures show that GreenPower still has to improve recurring revenue quality and vehicle volume.

Stock trades near its yearly low

GreenPower Motor Company stock was last at USD 0.38 on Nasdaq on October 6, 2026 at 4:00 p.m. ET. The session range was USD 0.38 to USD 0.51, the 52-week range was USD 0.38 to USD 3.38, market capitalization was USD 1.2 million, and volume reached 898,696 shares.