{"url":"https://newsforagent.com/news/2026-10-16/greenpower-nasdaq-minimum-bid-notice","markdown_url":"https://newsforagent.com/news/2026-10-16/greenpower-nasdaq-minimum-bid-notice.md","title":"GreenPower Gets Nasdaq $1 Bid Notice With 180 Days","headline":"GreenPower Motor Receives Nasdaq Notice After 30 Days Below $1, Has 180 Days to Regain Compliance","description":"GreenPower Motor received a Nasdaq notice after its shares closed below $1 for 30 straight business days.","section":"Regulation & Approvals","published_at":"2026-10-16T20:59:48+00:00","modified_at":"2026-10-16T20:59:48+00:00","author":"News Desk","key_takeaways":["GreenPower received a Nasdaq notice on October 15, 2026, after its shares closed below $1 for 30 consecutive business days.","The company has 180 calendar days to regain compliance, with a possible additional 180 days if it meets other Nasdaq Capital Market listing standards.","GreenPower's shares will consolidate one-for-five on October 19, 2026, reducing outstanding shares from 10,503,546 to 2,100,710."],"companies":[{"name":"GreenPower Motor Company","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000nzc/greenpower-motor-company","website":"https://greenpowermotor.com"},{"name":"Nasdaq","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00000si/nasdaq","website":"https://www.nasdaq.com"}],"source":{"publisher":"Stock Titan","title":"GreenPower Gets Nasdaq $1 Notice After 30 Business Days","url":"https://www.stocktitan.net/news/GP/green-power-announces-receipt-of-letter-from-kk7zp8rhc2nr.html"},"other_sources":[{"publisher":"TradingView","url":"https://www.tradingview.com/news/seekingalpha:bf1a4387e094b:0-fort-technology-receives-nasdaq-minimum-bid-price-deficiency-notice/"}],"tags":["Regulation & Approvals","GreenPower Motor Company","Nasdaq"],"body_markdown":"[GreenPower Motor Company](https://akta.pro/company-profiles/0000nzc/greenpower-motor-company) received a notice from [Nasdaq](https://akta.pro/company-profiles/00000si/nasdaq) on October 15, 2026, that its shares closed below the $1 minimum for 30 consecutive business days, leaving the electric vehicle maker out of compliance with listing rules. [Stock Titan](https://www.stocktitan.net/news/GP/green-power-announces-receipt-of-letter-from-kk7zp8rhc2nr.html) reported the notice, which gives the company 180 calendar days to regain compliance.\n\n## GreenPower's Path Back to Nasdaq Compliance\n\nGreenPower said it would regain compliance if its shares close above $1 for at least 10 consecutive business days within the 180-day window. If the company does not meet that threshold, it may qualify for an additional 180 calendar days by meeting all initial Nasdaq Capital Market listing standards other than the bid price requirement and providing written notice of its plan to cure the deficiency.\n\nNasdaq has issued similar notices to other issuers. [TradingView](https://www.tradingview.com/news/seekingalpha:bf1a4387e094b:0-fort-technology-receives-nasdaq-minimum-bid-price-deficiency-notice/) reported that Fort Technology received a minimum bid price deficiency notice on October 13, 2026, after 30 consecutive business days of non-compliance from August 31 to October 12, 2026, and was granted a compliance period until April 12, 2027.\n\nGreenPower designs and manufactures all-electric medium- and heavy-duty commercial vehicles, including school buses, transit buses, and cargo and passenger vans, for school districts, transit authorities, and fleet operators in North America.\n\n## GreenPower's Funding and Revenue Figures\n\nAccording to akta.pro [company records](https://akta.pro/company-data), GreenPower has raised $45.7 million in total funding across 13 rounds, including a $3.8 million post-IPO equity round in June 2026 and $1.4 million rounds in July and August 2026. The company reported $8.5 million in revenue for its third quarter of fiscal 2026, up from $7.2 million a year earlier, and $4.2 million in net income for the same period.\n\n## GreenPower's Recent Moves Before the Notice\n\nGreenPower proposed a one-for-five share consolidation on October 5, 2026, to meet Nasdaq's $1 minimum bid price requirement, Stock Titan reported. The consolidation takes effect October 19, 2026, reducing outstanding shares from 10,503,546 to 2,100,710, with the Nasdaq symbol remaining GP.\n\nOn October 9, 2026, GreenPower and Invisible Urban Charging signed a letter of intent to develop integrated electric-fleet solutions, Investing.com reported. IUC has secured over $2.5 billion for its electric mobility program, and the agreement covers EV platforms, charging infrastructure, and fleet services.\n\n## What Happens After the Consolidation\n\nThe share consolidation takes effect October 19, 2026. GreenPower has 180 calendar days from the October 15, 2026 notice to regain compliance with Nasdaq's $1 minimum bid price requirement.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}