VANCOUVER, BC, July 22, 2021
/CNW/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV:
GPV) ("GreenPower"), a leading manufacturer and distributor of
zero-emission, electric-powered medium and heavy-duty vehicles, is
pleased to announce that it has filed a preliminary short form base
shelf prospectus (the "Preliminary Shelf Prospectus") with the
securities commissions in the Provinces of British Columbia, Alberta and Ontario, and a corresponding registration
statement on Form F-10 (the "Registration Statement") with the
United States Securities and Exchange Commission (the "SEC") under
the U.S./Canada Multijurisdictional Disclosure System.
When made final or effective, the Preliminary Shelf Prospectus
and corresponding Registration Statement will allow GreenPower to
undertake offerings of common shares, preferred shares, warrants,
subscription receipts, units, debt securities and share purchase
contracts (collectively, the "Securities"), or any combination
thereof, up to an aggregate total of US$200
million from time to time during the 25-month period that
the final short form base shelf prospectus remains effective. The
Securities may be offered in amounts, at prices and on terms to be
determined at the time of sale. The specific terms of any offering
of Securities, including the use of proceeds from any offering,
will be set forth in one or more shelf prospectus supplement(s) to
be filed with applicable securities regulators.
No securities regulatory authority has either approved or
disapproved the contents of this news release. The Registration
Statement filed today with the SEC has not yet become effective. No
Securities may be sold, nor may offers to buy be accepted, prior to
the time the Registration Statement becomes effective. This news
release does not constitute an offer to sell or a solicitation of
an offer to buy any securities of GreenPower in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
A copy of the Preliminary Shelf Prospectus, and copies of the
final short form base shelf prospectus and any shelf prospectus
supplements that may be filed in the future, can be found under
GreenPower's SEDAR profile at www.sedar.com and on EDGAR at
www.sec.gov. A copy of the Preliminary Shelf Prospectus and
Registration Statement may also be obtained from the Chief
Financial Officer of GreenPower at Suite 240 – 209 Carrall Street,
Vancouver, B.C. V6B 2J2
Canada.
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of
high-floor and low-floor all-electric medium and heavy-duty
vehicles, including transit buses, school buses, shuttles, cargo
van, and a cab and chassis. GreenPower employs a clean-sheet design
to manufacture all-electric vehicles that are purpose built to be
battery powered with zero emissions while integrating global
suppliers for key components. This OEM platform allows GreenPower
to meet the specifications of various operators while providing
standard parts for ease of maintenance and accessibility for
warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These
statements generally can be identified by the use of
forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe" or
"continue", or the negative thereof or similar variations. The
Forward-looking statements in this press release include statements
relating to the filing and effectiveness of the final base shelf
prospectus and corresponding Registration Statement; the filing and
effectiveness of any potential prospectus supplement; and the
amount and terms of any Securities to be offered. These statements
involve risks, estimates, assumptions and uncertainties that could
cause actual results to differ materially from those expressed in
these statements, including, among others, risks and uncertainties
associated with market conditions, as well as risks and
uncertainties associated with GreenPower's business and finances in
general. Because the risks, estimates, assumptions and
uncertainties referred to above could cause actual results or
outcomes to differ materially from those expressed in any
forward-looking statements, readers are cautioned not to place
undue reliance on any forward-looking statements, which speak only
as of the date on which they are made. GreenPower undertakes no
obligation to update or revise any forward-looking statements for
any reason, except as required by law, including the securities
laws of the United States and
Canada.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE GreenPower Motor Company