VANCOUVER, British Columbia — Electric bus manufacturer GreenPower Motor Co. Inc. announced last week that it filed an application to list its common shares on the NASDAQ Capital Market (NASDAQ).
By uplisting to NASDAQ, GreenPower, the manufacturer of the Synapse 72 electric school bus, stated in a news release that it believes that it will gain new exposure and access to a larger base of retail and institutional investors in the U.S. and internationally.
The listing of the electric bus manufacturer’s common shares on NASDAQ remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. GreenPower added that it will provide updates on its progress as it moves toward this goal.
“We’re very excited to be taking steps to be the first [electric vehicle] designer, manufacturer, and distributor of a suite of heavy duty all-electric buses to trade on NASDAQ,” said Fraser Atkinson, chairman of GreenPower. “Becoming listed on NASDAQ will support the company’s aggressive growth plans, extend our sales channels for our products, expand the company’s access to capital, provide liquidity to shareholders, and broaden the exposure of the company to the investment community.”
As SBF previously reported, GreenPower entered into an exclusive agreement with Creative Bus Sales in May 2018, and soon after, received an order for a total of 100 electric buses, the largest to date for the bus manufacturer.