StocksMedium•19 October 2026•
1 min read
GreenPower Motor Implements Reverse Stock Split for NASDAQ Compliance
Key Facts
1GreenPower Motor implemented a 1-for-5 reverse stock split to raise its share price above NASDAQ's minimum bid requirement.
2The number of outstanding shares decreased from approximately 10.5 million to 2.1 million as a result of the action.
3The company's share price fell by 11.18% to $1.43 on the first day of trading following the reverse split.
GreenPower Motor Company implemented a 1-for-5 reverse stock split to raise its share price above NASDAQ's minimum bid requirement. Financial Modeling Prep reported that the number of outstanding shares decreased from approximately 10.5 million to 2.1 million as the company sought to regain compliance after shares closed below the $1 threshold for 30 consecutive business days.
The company's share price fell by 11.18% to $1.43 on October 19, 2026, marking the first day of trading following the reverse split. This action followed a deficiency notice from NASDAQ on October 15, 2026, while the GP ticker had previously closed at $0.322 on October 16, 2026, prior to the implementation of the split.