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GreenPower raises up to $18M as Nasdaq gives compliance nod
GreenPower Motor Company Inc. (Nasdaq: GP) has regained compliance with Nasdaq’s equity listing rule after completing several capital transactions, including an equity offering of up to $18 million and securing new term loans. While the company will continue trading on Nasdaq under “GP”, it will be subject to a one-year monitoring period, during which further non-compliance could lead to delisting without an opportunity for a new compliance plan. The news resulted in a significant positive market reaction, with the stock gaining 31.61% and trading volume spiking.