GreenPower Motor Company Converts $7mln of Loans into Convertible Debentures and $3mln into Series B Preferred Shares

GreenPower Motor Company has converted $7 million of loans into secured convertible debentures and $3 million of loans into Series B Convertible Preferred Shares, strengthening its capital structure and reinforcing its commitment to sustainable transportation solutions. The debentures have a three-year maturity date and bear interest at a 12% rate, with the option to pay in cash or common shares. The principal amount is convertible into shares at a conversion price of $0.99 per share, subject to adjustment.