RE:RE:BYD They are not deep in debt, and not $26,000,000 in debt.
GreenPower Motor Company Inc. has closed its previously announced U.S. initial public offering of 1.86 million postconsolidation common shares of the company at a price to the public of $20 (U.S.) per share. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 279,000 shares at $20 (U.S.) per share, less the underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions of $1.40 (U.S.) per share and estimated offering expenses payable by the company, were $37.2-million (U.S.). The shares began trading on the Nasdaq Capital Market on Aug. 28, 2020, under the symbol GP.