GreenPower Set for 1-for-5 Reverse Share Consolidation on October 19
GreenPower Motor Company Inc. (GP) has received approval from the Nasdaq Stock Exchange to implement a 1-for-5 reverse share consolidation. The split will take effect when the market opens on October 19, 2026, with the company continuing to trade under its existing ticker symbol.
The transaction will reduce the electric vehicle manufacturer's issued and outstanding common shares from 10,503,546 to approximately 2,100,710. Shareholders will not receive cash for fractional shares; instead, any fractional entitlements will be rounded up to the nearest whole share. The terms for outstanding options, warrants, and convertible debentures will also be adjusted proportionally.
Computershare Investor Services Inc. will mail transmittal letters to shareholders explaining how to exchange pre-consolidation stock certificates. The announcement coincides with a 15.58% decline in the stock price to $0.273.
Key points
- GreenPower Motor Company Inc. (GP) received approval for a 1-for-5 reverse share consolidation effective October 19, 2026.
- Total outstanding shares will decrease from 10,503,546 to approximately 2,100,710.
- Fractional shares will be rounded up to the nearest whole share with no cash consideration.
- Outstanding options, warrants, and convertible debentures will undergo proportional exercise adjustments.
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How we writeDisclaimerQuestions and answers
When does GreenPower's share consolidation take effect?
The consolidation takes effect at market open on October 19, 2026, with shares continuing to trade under ticker GP.
How many shares will GreenPower have after the split?
GreenPower's outstanding common shares will decrease from 10,503,546 to approximately 2,100,710 post-consolidation.
How are fractional shares handled in GreenPower's consolidation?
Fractional shares will be rounded up to the nearest whole share, and shareholders will not receive cash payments.