GreenPower Motor Company, listed on NASDAQ under the ticker GP, has announced the pricing of its underwritten public offering, which includes 3 million shares priced at $1.00 per share. This offering aims to generate gross proceeds amounting to USD 3 million. The underwriters involved in the transaction have been granted a 45-day option to purchase up to an additional 450,000 shares. The closure of this offering is anticipated to occur on October 30, 2024. The company intends to use the net proceeds primarily for the production of electric vehicles, alongside allocations for working capital and general corporate purposes. Following this announcement, the stock price experienced a decline of 11.2% during pre-market trading on Tuesday.

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