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Canadian EV manufacture GreenPower Motor prices upsized Nasdaq uplisting at $20, within the range

August 28, 2020
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GreenPower Motor, a Canadian manufacturer of battery-electric commercial vehicles, raised $37 million by offering 1.9 million shares at $20, within the range of $18 to $24 and below the as-converted last close of its shares on the TSX Venture Exchange (GPV) and OTCQB (GPVRF). The company offered 0.4 million more shares than anticipated. At pricing, the company raised 18% more in proceeds than expected.

GreenPower Motor plans to list on the Nasdaq under the symbol GP. B. Riley FBR and Roth Capital acted as lead managers on the deal.