Why Is GreenPower Motor (GP) Stock Down 36% Today?
GPGreenPower Motor Co(GP) InvestorPlace·2024-05-07 20:42

GreenPower Motor (NASDAQ:GP) stock is falling on Tuesday after the electric vehicle (EV) company announced the pricing of a public offering for its shares. GreenPower Motor is selling 1.5 million shares of GP stock with each of these shares coming with one warrant. Those warrants can be exercised to acquire another share of the company’s stock. The units in this public offering are being sold for 1.55andthewarrantshaveanexercisepriceof1.55 and the warrants have an exercise price of 1.82 per share. The warrants can be exercised immediately and ...