GreenPower Announces Second Tranche of Term Loan-February 2024-www.financetom.com

GreenPower Announces Second Tranche of Term Loan

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GreenPower Announces Second Tranche of Term Loan

May 28, 2025 4:33 AM

07:01 AM EDT, 05/28/2025 (MT Newswires) -- GreenPower Motor ( GP ) overnight Tuesday announced the second tranche of its secured term loan offering for US$500,000.

The company expects to close the second tranche from companies associated with the chief executive of GreenPower. It also expects to allocate net proceeds from the loans towards production costs, supplier payments, payroll and working capital.

Shares of the company closed down 6.2% to $0.61 on Tuesday on the TSX Venture Exchange.

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