GreenPower Motor Company Shareholder Updates and Options Grants
Introduction to GreenPower Motor Company
GreenPower Motor Company Inc. is a prominent name in the electric vehicle manufacturing sector. As a forward-thinking company, it specializes in building zero-emission medium and heavy-duty vehicles designed for cargo, shuttle, transit, and school bus markets. GreenPower has its headquarters in Vancouver, and its primary operational facilities are located in Southern California.
Annual Stock Option Grants
Recently, the Company disclosed an annual stock option grant aimed at its Directors, Officers, Employees, and Consultants. A total of 525,000 incentive stock options were allocated to four Independent Directors and three Officers. In addition, employees received 250,000 options, and a consultant was granted 25,000 stock options. This strategic move is subject to approval from the TSX Venture Exchange.
Stock Options Details
The granted stock options will have an exercise price set at CDN $0.78 per share and are valid for five years. Each Director and the CFO received 75,000 options, which will vest starting four months after the grant date, achieving full vesting one year thereafter. For employees and the consultant, options will also begin vesting after four months but will fully vest after three years.
Company Leadership and Contact Information
For inquiries, interested parties can reach out to the company's leadership team. The CEO, Fraser Atkinson, can be contacted at (604) 220-8048. Additionally, President Brendan Riley can be reached at (510) 910-3377, and CFO Michael Sieffert is available at (604) 563-4144.
About GreenPower Motor Company Inc.
GreenPower is dedicated to designing and producing a comprehensive range of all-electric vehicles tailored for specific applications. These include both high-floor and low-floor transit buses, school buses, and various other commercial vehicles. By adopting a clean-sheet design approach, GreenPower ensures that all vehicles are purpose-built for battery power while also integrating components from global suppliers to meet diverse operator needs.
Looking Ahead
With its focus on zero-emission vehicles, GreenPower is poised to play a significant role in the transition towards sustainable transportation solutions. The company's unique manufacturing platform not only meets regulatory specifications but also ensures that maintenance and warranty requirements are easily addressed. As more jurisdictions push for electric vehicle adoption, GreenPower's efforts will be critical in shaping the future of eco-friendly transport.
Frequently Asked Questions
What is the main business focus of GreenPower Motor Company?
GreenPower specializes in manufacturing all-electric medium and heavy-duty vehicles for cargo, transit, and school bus sectors.
How many stock options were granted recently?
The company granted a total of 525,000 stock options to its Independent Directors and Officers, along with additional options for employees and a consultant.
What is the exercise price of the granted stock options?
The exercise price for the stock options is set at CDN $0.78 per share.
Who can be contacted for further information on GreenPower?
Contact Fraser Atkinson, CEO at (604) 220-8048, or President Brendan Riley at (510) 910-3377 for further inquiries.
How does GreenPower contribute to sustainable transportation?
GreenPower designs zero-emission vehicles, promoting a shift towards sustainable transportation solutions in response to global environmental challenges.
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