Nasdaq approves one-for-five consolidation for GreenPower Motor Company stock
Published on 10/16/2026 at 04:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSListing and operating milestones
- Nasdaq approved GreenPower's one-for-five consolidation on October 15, 2026.
- Fiscal 2026 revenue reached USD 16.4 million, down 17.4 percent from fiscal 2025.
- GreenPower stock was last at USD 0.35 on Nasdaq on October 15, 2026 at 4:00 p.m. ET.
GreenPower Motor Company (ISIN CA39540E4013) announced on October 15, 2026 that Nasdaq had approved a one-for-five share consolidation effective at market open on October 19, 2026, according to Newsfile. The move is designed to address Nasdaq's minimum bid price requirement.
Why the share count changes
The approved consolidation will reduce GreenPower's issued shares from 10,503,546 to 2,100,710, subject to rounding adjustments, while the Nasdaq ticker remains GP. The company first proposed the one-for-five transaction on October 5, 2026, when it said the measure was intended to support listing compliance, according to GreenPower Motor Company.
Three dated steps in the plan
On October 5, 2026, GreenPower proposed the one-for-five consolidation, according to GreenPower Motor Company.
On October 9, 2026, the company signed a letter of intent with Invisible Urban Charging to assess integrated electric-fleet solutions, with the potential work covering buses, shuttles and the EV Star Cab and Chassis, according to GreenPower Motor Company.
On October 15, 2026, Nasdaq approval set the consolidation for October 19, 2026, with the share count expected to fall to 2,100,710, according to Newsfile.
What does the consolidation mean?
The transaction changes the number of shares and the per-share price mechanics, but it does not itself create operating revenue. GreenPower reported USD 16.4 million of revenue in fiscal 2026, down 17.4 percent from USD 19.8 million in fiscal 2025; gross profit rose to USD 9.2 million from USD 2.2 million, although USD 9.6 million came from deferred revenue tied to canceled contracts, according to the fiscal 2026 annual report summary.
Dates for the next step
The next substantiated corporate date is October 19, 2026, when the share consolidation is scheduled to become effective at the opening of trading.
Nasdaq valuation context
GreenPower stock was last at USD 0.35 on Nasdaq on October 15, 2026 at 4:00 p.m. ET. The company had a market capitalization of USD 3.7 million as of the same finance snapshot. Its business centers on all-electric medium- and heavy-duty vehicles, including transit buses, school buses, shuttles and cargo vans.
GreenPower Motor Company stock facts
- Company: GreenPower Motor Company Inc.
- ISIN: CA39540E4013
- Ticker: GP
- Primary exchange: Nasdaq
- Market capitalization: USD 3.7 million (as of October 15, 2026)
- Sector / Industry: Industrials / Farm and Heavy Construction Machinery
Market context: Market report S&P 500.
