Greenpower Motor shares surge 11.67% after-hours after retaining $6.8 million in customer deposits as deferred revenue.

GreenPower Motor Company Inc. surged 11.67% in after-hours trading after disclosing that it will recognize $6.8 million in deferred revenue by retaining customer deposits for EV Star Cab & Chassis units without fulfilling delivery obligations. This move reduces liabilities and boosts shareholders’ equity, directly strengthening the company’s balance sheet. The announcement aligns with broader efforts to stabilize finances, including securing an $18 million financing facility for electric school bus production and a voluntary delisting from the TSXV. The deferred revenue recognition, set to be reflected in Q4 2025 results, signals improved liquidity and operational flexibility, which likely drove the sharp post-market rally.