VANCOUVER, BC, March 14,
2025 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq:
GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading
manufacturer and distributor of all-electric, purpose-built,
zero-emission medium and heavy-duty vehicles serving the cargo and
delivery market, shuttle and transit space and school bus sector,
today announced its annual stock option grant to the Directors,
Officers, Employees and Consultants.
The Company granted 525,000 incentive stock options to the four
Independent Directors and three Officers of the Company, 250,000
incentive stock options to employees of the Company and 25,000
stock options to a consultant. The stock options are subject to the
approval of the TSX Venture Exchange and are exercisable for a
period of five years at a price of CDN $0.78 per share. Each Director and the CFO were
granted 75,000 stock options that vest in increments beginning four
months after the grant date, and the stock options will be fully
vested one year after the grant date. For the employees and the
consultant, the stock options vest in increments beginning four
months after the grant date, and the stock options will be fully
vested three years after the grant date.
For further information contact:
Fraser Atkinson, CEO
(604) 220-8048
Brendan Riley, President
(510) 910-3377
Michael Sieffert, CFO
(604) 563-4144
About GreenPower Motor Company Inc.
GreenPower
designs, builds and distributes a full suite of high-floor and
low-floor all-electric medium and heavy-duty vehicles, including
transit buses, school buses, shuttles, cargo van and a cab and
chassis. GreenPower employs a clean-sheet design to
manufacture all-electric vehicles that are purpose built to be
battery powered with zero emissions while integrating global
suppliers for key components. This OEM platform allows GreenPower
to meet the specifications of various operators while providing
standard parts for ease of maintenance and accessibility for
warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Listed on the Toronto exchange
since November 2015, GreenPower
completed its U.S. IPO and NASDAQ listing in August 2020. For further information go
to www.greenpowermotor.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. ©2025 GreenPower Motor Company Inc.
All rights reserved.
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SOURCE GreenPower Motor Company
