Author: sHq_LoGiNz

Commemorating One Year Since Onset of the LA Fires, BofA Grant Brings Record-Pace Capital Campaign Closer to Completion

PACIFIC PALISADES, Calif., Jan. 9, 2026 /PRNewswire/ — In recognition of the one-year anniversary of the Los Angeles wildfires, Bank of America announced a $1 million grant to the YMCA of Metropolitan Los Angeles to help rebuild the Lowe Family YMCA serving the Palisades-Malibu community that was destroyed by the fires. The BofA grant is the first and largest corporate award to date for the YMCA’s $25 million capital campaign that was launched over the summer. The project is expected to break ground this spring, bringing new facilities and additional programs for working families and seniors in the community.

“As we mark the first anniversary of the devastating fires, we also celebrate the incredible progress of the YMCA’s efforts to rebuild its destroyed Via de la Paz site and a nearby campus,” said Raul Anaya, Bank of America president for Greater Los Angeles. “The wildfires destroyed so much – thousands of homes, businesses and communities – but it never destroyed L.A.’s spirit. As a longtime supporter of the YMCA, we’re proud to help bring this space back to life for so many residents, and encourage other donors to help bring this important effort over the finish line.” 

“We are deeply grateful to Bank of America for their generosity and for being our first corporate donor to this campaign,” said Victor Dominguez, President and CEO of the YMCA of Metropolitan Los Angeles. “Our corporate partners are critical to engaging our full communities in the rebuilding process. As the Center for Community Well-Being with dozens of locations across the L.A. region, we activated on day one of the fires to support our communities. We will continue to help Palisades rebuild not just the buildings, but the community and connections that make it so special.”

The Lowe Family YMCA has served Palisades and Malibu area children, families and seniors for over 60 years. In response to the widespread displacement and trauma caused by the fires, the YMCA of Metropolitan Los Angeles quickly mobilized through nearby centers and partner sites to deliver emergency childcare, case management, and trauma-informed care to thousands of residents.

These efforts continue today, but the long-term recovery of the community depends on restoring a permanent YMCA presence in the area. The YMCA of Metropolitan Los Angeles has committed to replace the burned site with two new resilient campuses – one on the original Via de la Paz site and one at the nearby Simon Meadow site. The dual campus will expand programming around youth development, mental health services, emergency preparedness and multigenerational engagement.

In recognition of Bank of America’s leading corporate donation, the new Community Room at the Palisades Via De La Paz club will be named for Bank of America.

Having extensive experience supporting clients and communities through various disasters, Bank of America’s expertise, capital and connections continues to support LA’s next chapter. Today’s $1 million grant brings its philanthropic contributions to $4.5 million for fire recovery needs. In addition, BofA recently announced $10 million in zero-interest capital to three CDFIs for ongoing business and housing needs; and a new Rebuild Solution to help qualifying mortgage clients rebuild their homes. The bank will also rebuild its destroyed financial centers in Pacific Palisades and Altadena; and continues providing recovery-related thought leadership and employee volunteerism to local nonprofits.

For more information on Bank of America’s relief efforts, go to BankofAmerica.com/LARebuild. To donate towards the Lowe Family YMCA capital campaign, go to YMCALA.org/give/.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

YMCA of Metropolitan Los Angeles
As the Center for Community Well-Being the LA Y is committed to building stronger communities by providing equitable programs and services to empower all Angelenos. We are focused on fighting food insecurity, providing equity in education, making sure every child has the opportunity to experience the joy of sports, ensuring kids and teens have a safe place to grow, learn and live a healthy lifestyle. The LA Y’s health and wellness initiatives offer medical and mental health resources to ensure everyone has access to basic health needs. Our mission is to provide services and resources that contribute to the well-being of our community. Visit ymcaLA.org for more information. More on Facebook,or  Instagram.

Reporters may contact

Colleen Haggerty, Bank of America
Phone: 1.213.621.7414
colleen.haggerty@bofa.com

Sarah Angel, YMCA PR
Phone: 1.818.693.0967 
sarah@joancollaborative.com

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SOURCE Bank of America Corporation

Former Urban League president and Urban Empowerment Fund leader backs Dream Exchange

CHICAGO, Jan. 9, 2026 /PRNewswire/ — Dream Exchange introduced another of its investors, Donald Bowen, who served as the National Urban League’s Senior Vice President and Chief Program Officer as well as the President and Chief Executive Officer of the Urban Empowerment Fund. Mr. Bowen made his investment after spending more than a year familiarizing himself with the exchange and its leadership and was invited to observe one of the Exchange’s Board of Directors Meetings.

“At the time of my investment, I was exploring what kind of partnership or strategic alliance might exist between the National Urban League and Dream Exchange. Those conversations evolved into something much deeper,” Bowen said. Over the course of a year, Bowen engaged with Dream Exchange leadership and staff, using the period as an extended due diligence process. His decision to invest came from observing how the organization operated and what drove its mission.

“What impressed me about Joe, Dwain, and the Dream Exchange team was their authenticity and sincerity. They put the mission first. That matters to me more than anything else,” Bowen said.

Joe Cecala, Founder and Chief Executive Officer of Dream Exchange, reflected on the relationship that developed during his initial conversations with Bowen.

“Don did not rush into this. He took his time, asked hard questions, and got to know who we are and what we are trying to accomplish,” Cecala said. “When someone with his experience and commitment chooses to invest after that kind of scrutiny, it validates not just our business model but our approach to this work. We are building something that has to earn trust, and Don’s investment reflects that trust.”

Bowen distinguished between programmatic approaches and structural change. His career has convinced him that addressing economic inequity requires more than incremental initiatives.

“You cannot create structural change by aggregating outcomes from programs,” Bowen said. “There are benefits to programmatic work, but that will not change laws or the systems that govern economic prosperity in this country. Dream Exchange is tackling systemic problems. It can have impact across the country, not just in focused locales. We need transformative change, and we need it at scale. We need to spend less time and money on band aids.”

DX Capital Partners Managing Member, Dwain Kyles, emphasized that investors like Bowen represent the kind of support Dream Exchange needs to succeed.

“Don invested with his heart as well as his capital,” Kyles said. “He understands that what we are building is not incremental. It is structural. It requires people who are willing to commit not because they expect a quick return, but because they believe the work needs to be done. Don has lived this fight for 40 years. His investment says this is how you actually create change. You cannot just talk about it. You have to be about it.”

About Dream Exchange
Dream Exchange is seeking registration with the Securities and Exchange Commission as a national securities exchange and intends to refile a Form 1 application with the Commission. If approved, it would be the first minority-controlled licensed stock exchange in U.S. history. The organization also supports a venture exchange model designed for smaller, early-stage companies that are often excluded from public markets. Learn more at www.dreamex.com.

Media Contact
Robert Todd
PR Manager, Dream Exchange
773-914-1182
407307@email4pr.com

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SOURCE Dream Exchange

AUSTIN, Texas and TOKYO, Jan. 9, 2026 /PRNewswire/ — According to DataM Intelligence, the global Controlled Environment Agriculture (CEA) Market reached USD 87.19 billion in 2024 and is projected to expand to USD 271.01 billion by 2032, growing at a strong CAGR of 15.23% during the forecast period 2025–2032. Driven by climate volatility, urbanization, and advances in automation and smart farming technologies, CEA is reshaping how food is grown, distributed, and consumed worldwide.

This rapid expansion reflects a structural shift in global food production. Traditional open-field agriculture is increasingly constrained by climate uncertainty, water scarcity, land availability, and supply-chain disruption. In contrast, controlled environment agriculture enables year-round, high-yield, resource-efficient food production independent of external weather conditions.

By 2030, CEA will move beyond being an alternative farming model and emerge as a core pillar of global food security, urban resilience, and sustainable agriculture.

Why Controlled Environment Agriculture Is Becoming Strategic, Not Optional

The acceleration of the CEA market is driven by three converging forces reshaping the global agri-food system.

• Climate volatility is disrupting conventional agriculture at scale. Extreme heat, droughts, floods, and unpredictable growing seasons are reducing yields and increasing price volatility. Controlled environments mitigate these risks by maintaining optimal growing conditions regardless of external climate.
• Urbanization and proximity to consumer demand are reshaping food supply chains. Cities increasingly require local, fresh, and traceable food sources. CEA facilities-especially vertical farms and indoor plant factories-enable production close to consumption centers, reducing logistics costs and spoilage.
• Technology has matured rapidly. Advances in LED lighting efficiency, hydroponics, aeroponics, IoT-enabled automation, and AI-driven crop management have significantly improved productivity, cost control, and scalability.

As a result, CEA is transitioning from niche innovation into mainstream agricultural infrastructure.

Request Executive Sample | Controlled Environment Agriculture Market Intelligence: https://www.datamintelligence.com/download-sample/controlled-environment-agriculture-market

Market Segmentation Analysis

By Facility Type

Greenhouses represent the largest share of the CEA market, accounting for approximately 41% of global market value in 2024, equivalent to around USD 35.7 billion.
Their dominance reflects widespread adoption across commercial agriculture due to relatively lower capital costs, scalability, and suitability for a wide range of crops.

Vertical farms account for approximately 27%, or USD 23.5 billion.
This segment is growing rapidly, driven by urban farming initiatives, high-density production, and integration with automation and robotics. According to DataM Intelligence analysis, vertical farms will be one of the fastest-growing facility types through 2032.

Container farms represent around 12%, or USD 10.5 billion, particularly attractive for decentralized and modular food production in remote or space-constrained locations.

Indoor plant factories account for approximately 14%, or USD 12.2 billion, supported by high-value crop production and pharmaceutical-grade cultivation environments.

By Crop

Leafy greens dominate the crop segmentation, accounting for approximately 38% of market value, or USD 33.1 billion in 2024. Their short growth cycles, high yield per square meter, and strong urban demand make them ideally suited for controlled environments.

Herbs and microgreens together represent around 22%, or USD 19.2 billion, driven by premium pricing and foodservice demand.

Tomatoes and berries account for approximately 19%, or USD 16.6 billion, benefiting from greenhouse and vertical farm expansion.

Mushrooms represent about 11%, or USD 9.6 billion, supported by their natural compatibility with controlled environments.

According to DataM Intelligence analysis, leafy greens will remain the primary revenue driver, while fruit crops will deliver strong incremental growth as technology improves.

By Technique

Hydroponics is the most widely adopted technique, accounting for approximately 36% of total market value, or USD 31.4 billion in 2024. Its efficiency, scalability, and compatibility with multiple crops make it the backbone of most CEA operations.

LED lighting systems represent around 24%, or USD 20.9 billion, reflecting continuous investment in energy-efficient, spectrum-optimized lighting.

IoT and automation account for approximately 18%, or USD 15.7 billion, enabling real-time monitoring, predictive analytics, and labor optimization.

Aeroponics contributes about 12%, or USD 10.5 billion, particularly in high-density vertical farming.

According to DataM Intelligence analysis, automation-driven techniques will gain increasing importance as labor costs and scale requirements rise.

By End User

Commercial agriculture dominates the market, accounting for approximately 52% of global value, or USD 45.3 billion in 2024.
Large-scale operators are investing in CEA to stabilize supply, improve margins, and meet retailer sustainability requirements.

Urban farming represents around 26%, or USD 22.7 billion, driven by city-based production models and retail partnerships.

Community-supported agriculture (CSA) accounts for approximately 14%, or USD 12.2 billion, reflecting localized food systems and consumer engagement.

Purchase Corporate License | Controlled Environment Agriculture Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=controlled-environment-agriculture-market

Regional Analysis

United States

The United States is the largest CEA market globally, accounting for approximately 37% of global revenue, or USD 32.3 billion in 2024.

Key Drivers:

• Strong investment in ag-tech and automation
• High urban demand for fresh produce
• Retail partnerships and private-label growth
• Water scarcity concerns in key agricultural regions

By 2032, the U.S. CEA market is expected to exceed USD 95 billion, maintaining leadership in technology adoption and scale.

Europe

Europe accounts for approximately 30% of global market value, supported by sustainability mandates, energy-efficient greenhouse systems, and strong consumer demand for local produce.

Competitive Landscape

The major global players in the market include Hydrofarm Inc., Illumitex, Virgo Technologies Inc., Heliospectra AB, Green Automation Group Oy, Kryzen Biotech, Agroz Group, Cultiveat, Boom Grow Farms, Gotham Greens, and others.

Hydrofarm Inc.

Hydrofarm is a prominent supplier of controlled environment agriculture inputs, supporting commercial indoor growers with hydroponic systems, grow lighting, climate control, nutrients, and cultivation accessories. The company plays a key enabling role in scaling indoor and vertical farming operations across North America.

Illumitex

Illumitex has been recognized for its horticulture-focused LED lighting technologies designed to enhance plant growth in indoor and controlled environments. Its solutions have supported vertical farms and greenhouse growers by optimizing light spectrum and energy efficiency across global markets.

Virgo Technologies Inc.

Virgo Technologies operates in the controlled environment and vertical agriculture space, focusing on sustainable indoor farming systems. The company supports modern agricultural practices in Canada, addressing yield stability and resource efficiency through CEA-based approaches.

Heliospectra AB

Heliospectra AB is a specialist in intelligent LED lighting and light control systems for greenhouses and controlled environments. Its advanced, data-driven lighting solutions help growers optimize crop quality, energy use, and operational efficiency, with a strong presence in Europe and expanding global reach.

Green Automation Group Oy

Green Automation Group delivers highly automated hydroponic greenhouse solutions, particularly for large-scale leafy green production. The company enables commercial growers to achieve consistent yields, reduced labor dependency, and efficient operations through advanced automation technologies.

What will define the Market by 2031–2032

By 2031, the controlled environment agriculture market will approach USD 245 billion, driven by:

• Increasing climate-resilient food production
• Expansion of vertical and indoor farming
• Greater automation and AI-driven crop management
• Rising urban and peri-urban demand

According to DataM Intelligence analysis:

• Greenhouses will remain the largest facility type
• Leafy greens will continue to dominate crop demand
• Hydroponics and automation will anchor technology adoption
• The U.S. will retain the largest regional share

By 2032, CEA will be recognized as essential infrastructure for sustainable, resilient, and scalable food systems.

Request Customized Intelligence Aligned to Your Business Strategy: https://www.datamintelligence.com/customize/controlled-environment-agriculture-market

Executive Takeaway

For agribusiness leaders, investors, and policymakers, controlled environment agriculture represents a high-growth, technology-enabled solution to global food system challenges.

• Integrate automation and data-driven cultivation
• Optimize energy and water efficiency
• Align production with urban and retail demand
• Scale sustainably while controlling operational costs

Related Report:

1. Smart Greenhouse Market Set to 10.1% CAGR Through 2031, Driven by IoT-Enabled Precision Agriculture: DataM Intelligence.
2. Horticultural Greenhouse Market Set to Expand at a Robust 17.2% CAGR Through 2031 Amid Rising Demand for Controlled-Environment Farming – DataM Intelligence.
3. Regenerative Agriculture Market Poised for Explosive Growth at an 18.2% CAGR to Reach USD 48.1 Billion by 2032 – DataM Intelligence.
4. Climate-Resilient Agriculture Market to Reach USD 61.50 Billion by 2032, Expanding at an 11.23% CAGR – DataM Intelligence.
5. AI in Agriculture Market to Skyrocket from USD 2.57 Billion in 2024 to USD 15.90 Billion by 2032 with a 25.60% CAGR – DataM Intelligence.

About DataM Intelligence

DataM Intelligence is a renowned provider of market research, delivering deep insights through pricing analysis, market share breakdowns, and competitive intelligence. The company specializes in strategic reports that guide businesses in high-growth sectors such as nutraceuticals and AI-driven health innovations.

To find out more, visit https://www.datamintelligence.com/ or follow us on Twitter, LinkedIn, and Facebook.

Contact:

Sai Kiran 
DataM Intelligence 4market Research LLP
Ground floor, DSL Abacus IT Park, Industrial Development Area
Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com

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SOURCE DataM Intelligence 4 Market Research LLP

KITCHENER, ON, Jan. 9, 2026 /PRNewswire/ — Canadian Solar Inc. (NASDAQ: CSIQ) (the “Company”, or “Canadian Solar”) today announced the pricing of its previously announced offering of US$200 million aggregate principal amount of convertible senior notes due 2031 (the “Notes”). The Notes were offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company has granted the initial purchasers in the offering an option to purchase, for settlement within a period of 13 calendar days from, and including, the date the Notes are first issued, up to an additional US$30 million aggregate principal amount of the Notes. The Company expects to close the offering of the Notes on or about January 13, 2026, subject to the satisfaction of customary closing conditions.

The Company estimates that net proceeds from the offering will be approximately US$194.6 million (or approximately US$223.9 million if the initial purchasers exercise in full their option to purchase additional Notes), after deducting the initial purchasers’ discount and estimated offering expenses payable by the Company. The Company plans to use the net proceeds from the offering for investments in U.S. manufacturing, and in the value chain supporting battery energy storage and solar power solutions, as well as for working capital and general corporate purposes.

When issued, the Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 3.25% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on July 15, 2026. The Notes will mature on January 15, 2031, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.

Holders of the Notes may convert all or part of their Notes at their option at any time prior to the close of business on the third business day immediately preceding the maturity date. Upon conversion, the Company will deliver to such converting holders, a number of the Company’s common shares equal to the applicable conversion rate as of the relevant conversion date, together with a cash payment in lieu of any fractional share. The initial conversion rate of the Notes is 36.1916 common shares of the Company per US$1,000 principal amount of Notes, which represents an initial conversion price of approximately US$27.63 per common share. The initial conversion price represents a premium of approximately 42.5% over the last reported sale price on the NASDAQ Global Select Market of US$19.39 per common share of the Company on January 8, 2026. The conversion rate and conversion price for the Notes will be subject to adjustments upon the occurrence of certain events.

On or after January 22, 2029, the Company may redeem for cash all or part of the Notes, at its option, if the last reported sale price of the Company’s common shares has been at least 130% of the conversion price then in effect on each of at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately prior to the date the Company provides notice of redemption. In addition, the Notes will be redeemable, in whole and not in part, at the Company’s option at any time following the occurrence of certain tax related events. The redemption price in the case of a tax redemption or an optional redemption will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the related redemption date.

Holders of the Notes may require the Company to repurchase all or part of their Notes in cash in the event of certain fundamental changes. The repurchase price will equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date.

The Notes and the common shares deliverable upon conversion of the Notes have not been and will not be registered under the Securities Act or any securities laws of any other place and may not be offered or sold absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 170 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 16 GWh of battery energy storage solutions to global markets as of September 30, 2025, boasting a $3.1 billion contracted backlog as of October 31, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar has been publicly listed on the NASDAQ since 2006.

Certain statements in this press release are forward-looking statements, including statements regarding the expected consummation of the Notes offering and the terms of the Notes, that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT 
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

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SOURCE Canadian Solar Inc.

VANCOUVER, BC, Jan. 8, 2026 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” or the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that it has received credit approval from CIBC for $5 million in financing facilities, comprised of a $3 million revolving line of credit and a $2 million term loan with a three year term. Additionally, the Company has received credit approval from CIBC to enter into a letter of credit of $450,000, secured by cash collateral, and a letter of credit facility of up to $2.5 million, which is subject to approval from another financial institution. GreenPower’s transaction with CIBC is subject to finalizing documentation, as well as satisfaction of all closing conditions, and all parties are actively working towards a timely completion. In addition, GreenPower has announced that it has closed $5 million in term loans from two family offices, which have provided personal joint and several guarantees in support of these credit facilities. A portion of the net proceeds from the financings will be used to repay and close the Company’s existing operating line of credit, with the remainder used for general corporate purposes. These transactions represent an important step in the recapitalization of the Company and will allow GreenPower to accelerate production of all-electric vehicles to fulfil existing customer orders.

The Company has agreed to issue 3,205,128 non-transferable share purchase warrants (each, a “Loan Bonus Warrant”) to one of the family offices. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a “Share”) at an exercise price of US$0.78 per Share for a period of thirty-six (36) months from the closing date of the Loan. In addition, the Company has agreed to issue to one of the family offices an aggregate of 641,025 Shares (each a “Loan Bonus Share”). The family offices are each considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and each of the loans with the family offices and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(g) and 5.7(e) of MI 61-101.

All securities issued in connection with the loans with the family offices will be subject to a statutory hold period of four months plus a day from the closing of the loan in accordance with applicable securities legislation.

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

Forward-Looking Statements
This news release contains forward-looking statements relating to, among other things, GreenPower’s business and operations and the environment in which it operates, which are based on GreenPower’s estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by these forward-looking statements. These statements include statements regarding: that the Company will finalize and execute the documentation for the financing facilities and the standby letter of credit facilities and that GreenPower will accelerate production of all-electric vehicles to fulfil existing customer orders.   You should not rely upon forward-looking statements as predictions of future events. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of zero emission vehicles, the availability of all government awards and incentives, the availability of financing necessary for its continued operations, the availability of expertise required for the Company to carry out its planned future activities and product developments, the availability of and the ability to retain and attract qualified personnel, and the ability to maintain and strengthen its strategic partnerships in the industry. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, performance, or achievements to differ materially from those described in the forward-looking statements, including, among other things: the impact of macroeconomic uncertainties and market volatility; the Company’s financial performance, including expectations regarding its results of operations and the assumptions underlying such expectations, and ability to achieve and sustain revenues and achieve profitability; the Company’s ability to attract and retain customers; the Company’s ability to comply with modified or new industry standards, laws and regulations applying to its business, and increased costs associated with regulatory compliance. Forward-looking statements represent the management’s beliefs and assumptions only as of the date such statements are made.  Readers should also refer to the risk disclosures outlined in the Company’s disclosure documents filed from time-to-time with the Securities and Exchange Commission at www.sec.gov and SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada.

©2026 GreenPower Motor Company Inc. All amounts are denominated in US dollars. All rights reserved.

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SOURCE GreenPower Motor Company