GreenPower shares are trading lower after the company announced a proposed public offering of common shares and warrants.
Portfolio Pulse from Benzinga Newsdesk
GreenPower shares are trading lower following the announcement of a proposed public offering of common shares and warrants.

May 06, 2024 | 8:38 pm
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NEGATIVE IMPACT
GreenPower's announcement of a public offering of common shares and warrants has led to a decrease in its stock price.
Public offerings often lead to a decrease in stock prices due to the dilution of existing shares. GreenPower's announcement of issuing new shares and warrants is likely causing concern among investors about dilution, leading to a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100