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GreenPower Motor Company Inc. Announces Closing of Public Offering

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VANCOUVER, BC, Oct. 30, 2024 /CNW/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower” or the “Company”), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the closing of its previously announced public offering of 3,000,000 of its common shares at a public offering price of U.S. $1.00 per share, for gross proceeds of U.S. $3,000,000, before deducting underwriting discounts and offering expenses. In addition, GreenPower has granted the underwriter a 45-day option to purchase up to an additional 450,000 shares of common stock to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions.

ThinkEquity LLC acted as underwriter in the offering. Underwriting discount to ThinkEquity was 7%. The Company also issued and sold to certain principals and employees of ThinkEquity warrants (the “Underwriter’s Warrants”) to purchase up to 150,000 common shares of the Company. The Underwriter’s Warrants are exercisable at any time and from time to time, in whole or in part, during the three year period commencing immediately from the date of issuance at a per share exercise price equal to U.S. $1.25, subject to any additional terms contained in the agreements representing the Underwriter’s Warrants.

The Company intends to use the net proceeds from this offering for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, as well as for product development, with the remainder, if any, for general corporate purposes.

ThinkEquity acted as sole book-running manager for the offering.

The offering was made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). The final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004 Attention: Prospectus Department.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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 vans 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. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California.  

Contacts

Fraser Atkinson, CEO
fraser@greenpowermoter.com

Brendan Riley, President
brendan@greenpowermotor.com

Michael Sieffert, CFO
Michael.sieffert@greenpowermotor.com 

Forward-Looking Statements
This press release contains forward-looking statements with the meaning of applicable securities laws. 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 the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Such forward-looking statements include, among other things, GreenPower’s anticipated use of the net proceeds of the offering. The material assumptions supporting these forward-looking statements include, among others, the receipt of all required regulatory approvals with respect to the offering. Actual results could differ materially due to a number of factors, including, without limitation, the dilutive effects of the offering, market conditions, and changes to the intended use of proceeds from the offering. Although GreenPower believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in GreenPower’s securities should not place undue reliance on forward-looking information and statements because GreenPower can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this press release are as of the date of this press release and GreenPower assumes no obligation to update or revise this forward-looking information and statements except as required by law. Consequently, readers should not place any undue reliance on such forward-looking statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  ©2024 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

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Charles IT Launches Business-Focused Podcast, One Pour Problems, Tackling Real Business Challenges Over a Drink

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Charles IT, known for providing cutting-edge IT solutions and compliance expertise, is excited to announce the launch of its brand-new podcast, One Pour Problems. Unlike their traditional tech-focused content, this podcast shifts the spotlight to business, offering a fresh perspective on the most pressing issues businesses face today—all while enjoying the guest’s favorite drink.

MIDDLETOWN, Conn., Oct. 30, 2024 /PRNewswire-PRWeb/ — Charles IT, known for providing cutting-edge IT solutions and compliance expertise, is excited to announce the launch of its brand-new podcast, One Pour Problems. Unlike their traditional tech-focused content, this podcast shifts the spotlight to business, offering a fresh perspective on the most pressing issues businesses face today—all while enjoying the guest’s favorite drink.

“We have leaned on a lot of smart and influential leaders throughout our journey at Charles IT. I am excited to be able to create a space to bring those leaders together to share their insight and memorialize it for others to lean on and what better way to do it than over a great drink!”

The podcast, hosted by Sal Marino, Director of Finance and Operations at Charles IT, aims to bring together the area’s top business leaders to discuss the real-world challenges they encounter. In the pilot episode, released on October 24, Marino sits down with Charles IT’s founder and CEO, Foster Charles, to give listeners a sneak peek of what’s to come in Season 1.

In each episode, Marino invites a special guest to join him for an engaging conversation, covering topics like post-pandemic workplace dynamics and company culture. The first two episodes feature Bryn Tindall, CEO and Founder of Rebellion Group and Michael O’Rourke, Nasdaq’s Head of AI & Emerging Technology.

“We have leaned on a lot of smart and influential leaders throughout our journey at Charles IT. I am excited to be able to create a space to bring those leaders together to share their insight and memorialize it for others to lean on and what better way to do it than over a great drink!” said Marino.

Listeners can look forward to more than just inspirational stories too. That’s because each guest will also share their favorite drink along with the fun, personal story behind it. Plus, every episode wraps up with a friendly competition – a unique typing test challenge where guests try to out-type their predecessors in a lighthearted showdown!

“It is so exciting bringing the One Pour Problems podcast to life,” said One Pour Problems Producer, Caitlyn Raftery. “Sal has been a wonderful interviewer, and our guests have been outstanding. I can’t wait to see where this journey takes us,” she added.

The pilot episode of One Pour Problems is available to stream now on the Charles IT website, YouTube page, and Spotify. The first episode drops Monday, November 4.

To learn more about One Pour Problems and stay up to date on future episodes, visit www.charlesit.com/one-pour-problems-podcast/.

About Charles IT

Charles IT is a Connecticut-based Managed Service Provider (MSP) and the Northeast’s compliance expert, specializing in comprehensive cybersecurity solutions. Their proactive approach ensures that businesses remain secure, compliant, and resilient against cyber threats. For further updates and information, visit CharlesIT.com.

Media Contact

Charles IT, Charles IT, 1 (860) 344-9628, hello@charlesit.com, Charles IT

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SOURCE Charles IT

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Dot Inc. and WEBTOON Entertainment Release World’s First Tactile Digital Comics

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Hit WEBTOON series “Yumi’s Cells” and “Hooky” will be made available for free in braille on Dot Inc.’s Dot Pad technology, expanding access to more fans around the world

Key supporting assets available HERE

SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ — WEBTOON Entertainment, a leading global entertainment company and home to some of the world’s largest storytelling platforms, today announced a first-of-its-kind collaboration with social venture company Dot Inc. to create tactile digital comics. Through the partnership, popular WEBTOON series will be converted into braille on Dot Inc.’s innovative Dot Pad.

Dot Inc. provides barrier-free products and services to build inclusive public infrastructure for the visually impaired. Its tactile display, the Dot Pad, is the first smart tactile graphics display for the visually impaired, converting any input from a connected device into a tactile graphic.

Hit WEBTOON series “Yumi’s Cells,” by creator Donggeon Lee, and “Hooky,” by Míriam Bonastre Tur, will be the first two series to launch on the Dot Pad. Tactile digital comic versions of both titles will be available globally on the Dot Pad.

“The popularity of webcomics is at an all-time high and we thought it would be great if visually impaired individuals could enjoy them too. This is my first time exploring webcomics, listening to audio descriptions, and reading dialogue. It brought the imagined scenes vividly to life in my mind, and made the content even more engaging,” said Misook Go, the community manager at Dot, who is visually impaired herself. “I was especially curious about how the individual cells in ‘Yumi’s Cells’ looked, and being able to feel their shapes brought a new level of excitement.”

“Part of our mission at WEBTOON is to make webcomics more accessible for fans around the world,” said David S. Lee, Head of US WEBTOON. “Dot Inc. shares WEBTOON’s commitment to innovating for inclusivity. After making comics more accessible to people all over the world in a mobile digital format, we’re thrilled to work with Dot Inc. to create a new content experience for the visually impaired.”

“The new experience of engaging with webcomics through touch was very impressive. Even if you did not know Braille, the process of understanding through illustrations was fascinating, and I hope to help many people visiting the library experience the world through the new tactile opportunities provided by the Dot Pad,” said Monique E. Mariani, Braille instructor at the Braille Institute of America.

The Dot Pad is a real-time tactile graphic and multi-line braille display for the visually impaired and the blind. The Dot Pad is compatible with mobile devices and laptops via Bluetooth. It displays charts, graphs, images and visual data with 320 refreshable braille cells. Users can run their fingers over the display and perceive the image with their fingertips.

About WEBTOON Entertainment 
WEBTOON Entertainment is a leading global entertainment company and home to some of the world’s largest storytelling platforms. As the global leader and pioneer of the mobile web-comic format, WEBTOON Entertainment has transformed comics and visual storytelling for fans and creators.

With its CANVAS UGC platform empowering anyone to become a creator, and a growing roster of superstar WEBTOON Originals creators and series, WEBTOON Entertainment’s passionate fandoms are the new face of pop culture. WEBTOON adaptations are available on Netflix, Prime Video, Crunchyroll, and other screens around the world, and the company’s content partners include Discord, HYBE and DC Comics, among many others.

With approximately 170 million monthly active users (as of the quarter ended June 30, 2024), WEBTOON Entertainment’s IP & Creator Ecosystem of aligned companies include WEBTOON, Wattpad–the world’s leading web-novel platform–Wattpad WEBTOON Studios, Studio N, Studio LICO, WEBTOON Unscrolled, LINE MANGA, and eBookJapan, among others.

About Dot Inc.
Dot Inc., a leader in solutions for the visually impaired, has introduced groundbreaking products like the Dot Watch, Dot Pad, and Dot Kiosk since 2015. Recognized as a CES Innovation Award honoree in 2023 and 2024, Dot is expanding partnerships across North and South America. Through collaborations with Google, Microsoft, and Apple, Dot drives global accessibility. With a strong focus on the Social aspect of ESG, Dot strives to address social challenges through technological advancements for people with disabilities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dot-inc-and-webtoon-entertainment-release-worlds-first-tactile-digital-comics-302291075.html

SOURCE Dot Inc.

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Kia Returns to SEMA with the Unexpected

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IRVINE, Calif., Oct. 30, 2024 /PRNewswire-HISPANIC PR WIRE/ — All Trails lead to SEMA1

1 Concept shown not for sale.

Photo – https://mma.prnewswire.com/media/2545265/Kia_All_Trails_lead_to_SEMA.jpg

Logo – https://mma.prnewswire.com/media/1442697/Kia_New_Logo.jpg

SOURCE Kia America

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