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NASDPTS Supplier Council Meeting Set for STN EXPO West

By: Ryan Gray

The National Association of State Directors of Pupil Transportation Services (NASDPTS) Supplier Council released its agenda for vendor members attending its mid-year general membership meeting at the STN EXPO West in Reno, Nevada.

The session will take place Monday, July 13, from 9:30 to 11 a.m. at the Peppermill Resort, bringing together key industry suppliers and state transportation leaders to discuss ongoing initiatives and organizational updates.

The agenda for the Reno meeting includes reports from the NASDPTS secretary, treasurer and membership chair. Attendees will hear updates from the nominating committee and NASDPTS President Mike Stier as well as discussions on old and new business.

New business topics will cover the proposed 2027 budget, conference sponsorship opportunities, the Supplier Showcase, state director conference scholarships, and a staff update.

This mid-year gathering builds on discussions from the most recent Supplier Council meeting, held in November at the Ritz-Carlton Pentagon City in Arlington, Virginia during the NASDPTS Annual Conference. At that session, members reviewed the organization’s strong financial position, continued membership growth and renewed three positions on the National Congress on School Transportation (NCST) Steering Committee.

Reno Supplier Council Meeting Agenda to Build Upon Recent Discussions

The group also discussed proposed NASDPTS bylaw changes, including a new provision to prevent individuals from serving simultaneously as president-elect or president of NASDPTS and as vice chair or chair of NCST, to avoid conflicts and ensure effective leadership. Additionally, the board approved sunsetting the School Bus Manufacturers Technical Council (SBMTC), reflecting the evolving needs and structure of the Supplier Council.

The NASDPTS Supplier Council traces its origins to the 1990s, when it was established by School Transportation News co-founder Bill Paul. The group was created to provide a forum for vendor company members of NASDPTS to address technical and governmental relations issues concerning the manufacture of school buses, equipment and services to the industry.

Supplier Council member companies and organizations may submit issues for Steering Committee consideration at least 14 days prior to the two annual meetings of the Supplier Council. Issues may be proposed from the floor during both meetings, but NASDPTS Supplier Council bylaws state time restrictions might not allow for full consideration and may result in their being tabled until the next meeting.


Related: NASDPTS Sunsets School Bus Manufacturers Technical Council, Announces Updates
Related: NASDPTS Revises Illegal School Bus Passing Count After California Fixes Error
Related: NHTSA Rulemaking at Heart of NCST Resolutions Focused on Safety
Related: NASDPTS Sunsets School Bus Manufacturers Technical Council, Announces Updates

The post NASDPTS Supplier Council Meeting Set for STN EXPO West appeared first on School Transportation News.

GreenPower Regains Compliance with Nasdaq’s Equity Requirement

By: STN

VANCOUVER, Canada,Β  – GreenPower Motor Company Inc. (Nasdaq: GP) (β€œGreenPower” and the β€œCompany”), 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 the Company has received formal notice from The Nasdaq Stock Market LLC (β€œNasdaq”) confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), the β€œEquity Rule,” and otherwise satisfies all applicable criteria for continued listing on The Nasdaq Capital Market.

β€œOver the past few months GreenPower has completed a series of transactions including raising new capital with an equity offering of Series A Convertible Preferred Shares for up to $18 million, term loans of $5 million and a new banking relationship with CIBC including a line of credit and term loan. In addition, the Company exchanged $7 million of related party loans for convertible debentures and $3 million of related party loans for Series B Convertible Preferred Shares,” said Fraser Atkinson, CEO of GreenPower. β€œThese transactions have helped the Company regain full compliance with the Nasdaq listing criteria as well as with the execution of our strategic goals.”

Notwithstanding the Nasdaq compliance determination, the Company will remain subject to a Panel monitor for one year. If, within that one-year monitoring period, Staff finds the Company again out of compliance with the Equity Rule that was the subject of the hearing, the Company will be subject to a delisting determination and will not have the opportunity to present a compliance plan for the Staff’s consideration. However, the Company will be afforded the opportunity to request a hearing before the Hearings Panel, and the hearing request will automatically stay any suspension or delisting action pending the conclusion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing.

The Company’s common stock will continue to trade on Nasdaq under the ticker symbol β€œGP.”

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

The post GreenPower Regains Compliance with Nasdaq’s Equity Requirement appeared first on School Transportation News.

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