GreenPower Announces Delay with Annual Filings
GreenPower Motor Company (NASDAQ: GP) has announced a delay in filing its annual financial statements and related documents for the year ended March 31, 2025. The British Columbia Securities Commission has issued a cease trade order (CTO) on July 10, 2025, resulting in the halting of the company's shares on the TSX Venture Exchange.
While trading on the Nasdaq stock exchange remains unaffected, the company is working with its auditors to complete the required Annual Filings, which include audited financial statements, management's discussion and analysis, certifications, and annual information form. Trading on TSX Venture Exchange will resume once the CTO is revoked following the completion of these filings.
GreenPower Motor Company (NASDAQ: GP) ha annunciato un ritardo nella presentazione dei suoi bilanci annuali e dei documenti correlati relativi all'anno conclusosi il 31 marzo 2025. La British Columbia Securities Commission ha emesso un ordine di sospensione delle negoziazioni (CTO) il 10 luglio 2025, causando la sospensione delle azioni della societ脿 sul TSX Venture Exchange.
Nonostante il trading sul Nasdaq rimanga invariato, la societ脿 sta collaborando con i suoi revisori per completare le dichiarazioni annuali richieste, che includono bilanci revisionati, la discussione e analisi della direzione, le certificazioni e il modulo informativo annuale. Il trading sul TSX Venture Exchange riprender脿 una volta che il CTO sar脿 revocato, a seguito del completamento di tali documenti.
GreenPower Motor Company (NASDAQ: GP) ha anunciado un retraso en la presentaci贸n de sus estados financieros anuales y documentos relacionados correspondientes al a帽o finalizado el 31 de marzo de 2025. La Comisi贸n de Valores de Columbia Brit谩nica emiti贸 una orden de suspensi贸n de operaciones (CTO) el 10 de julio de 2025, lo que result贸 en la paralizaci贸n de las acciones de la compa帽铆a en la bolsa TSX Venture Exchange.
Aunque el comercio en la bolsa Nasdaq no se ha visto afectado, la empresa est谩 trabajando con sus auditores para completar las presentaciones anuales requeridas, que incluyen estados financieros auditados, an谩lisis y discusi贸n de la gerencia, certificaciones y el formulario de informaci贸n anual. Las operaciones en TSX Venture Exchange se reanudar谩n una vez que se revoque el CTO tras la finalizaci贸n de estas presentaciones.
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GreenPower Motor Company (NASDAQ : GP) a annonc茅 un retard dans le d茅p么t de ses 茅tats financiers annuels et des documents connexes pour l'exercice clos le 31 mars 2025. La Commission des valeurs mobili猫res de la Colombie-Britannique a 茅mis un ordre de cessation des 茅changes (CTO) le 10 juillet 2025, entra卯nant la suspension des actions de la soci茅t茅 脿 la TSX Venture Exchange.
Bien que le commerce sur la bourse Nasdaq ne soit pas affect茅, la soci茅t茅 travaille avec ses auditeurs pour finaliser les d茅p么ts annuels requis, qui comprennent les 茅tats financiers audit茅s, l'analyse et la discussion de la direction, les certifications et le formulaire d'information annuel. Les 茅changes 脿 la TSX Venture Exchange reprendront une fois que le CTO sera lev茅 apr猫s la finalisation de ces d茅p么ts.
GreenPower Motor Company (NASDAQ: GP) hat eine Verz枚gerung bei der Einreichung seiner Jahresfinanzberichte und zugeh枚rigen Dokumente f眉r das am 31. M盲rz 2025 endende Gesch盲ftsjahr angek眉ndigt. Die British Columbia Securities Commission hat am 10. Juli 2025 eine Handelsaussetzung (CTO) erlassen, wodurch der Handel mit den Aktien des Unternehmens an der TSX Venture Exchange ausgesetzt wurde.
W盲hrend der Handel an der Nasdaq-B枚rse unbeeintr盲chtigt bleibt, arbeitet das Unternehmen mit seinen Pr眉fern zusammen, um die erforderlichen Jahresunterlagen abzuschlie脽en, zu denen gepr眉fte Finanzberichte, Management-Diskussionen und Analysen, Zertifizierungen sowie das j盲hrliche Informationsformular geh枚ren. Der Handel an der TSX Venture Exchange wird wieder aufgenommen, sobald die CTO nach Abschluss dieser Unterlagen aufgehoben wird.
- Trading continues unaffected on Nasdaq exchange
- Company actively working with auditors to resolve the filing delay
- Cease trade order issued by British Columbia Securities Commission
- Trading halted on TSX Venture Exchange
- Missed June 30, 2025 deadline for annual filings
- Unforeseen delays in completing required financial documentation
Insights
GreenPower faces regulatory action with trading halted on TSX Venture due to delayed financial filings, though NASDAQ trading continues unaffected.
GreenPower Motor Company has been hit with a cease trade order (CTO) from the British Columbia Securities Commission after missing the June 30 deadline for its annual financial filings for the year ended March 31, 2025. As a direct consequence, trading of the company's shares has been halted on the TSX Venture Exchange, though importantly, trading continues normally on the NASDAQ exchange under ticker GP.
The regulatory action creates an immediate information asymmetry between Canadian and U.S. investors. The company has provided no specific timeline for completion of the filings, only stating they are working with auditors to complete them "as quickly as possible." The lack of a concrete timeline or explanation for the "unforeseen delays" raises governance concerns.
This type of filing delay often signals potential accounting complexities or internal control issues requiring additional audit procedures. While temporary trading suspensions due to late filings are not uncommon, they can damage investor confidence and create compliance costs. The dual-listing situation creates an unusual dynamic where U.S. investors retain trading capability while Canadian investors cannot trade shares - potentially creating pricing inefficiencies between markets once Canadian trading resumes.
The company must resolve these filing issues promptly to maintain regulatory compliance and restore normal trading operations on both exchanges. Prolonged delays could lead to escalating regulatory consequences beyond the current CTO.
聽VANCOUVER, BC, July 10, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), announces that the British Columbia Securities Commission has issued a cease trade order dated July 10, 2025 (the "CTO") in connection with the Company missing the June 30, 2025 filing deadline for its audited financial statements, management's discussion and analysis, related certifications and annual information form聽for the year ended March 31, 2025 (collectively, the "Annual Filings"). GreenPower has experienced unforeseen delays in finalizing the Annual Filings.聽
As a consequence of the CTO, trading of the Company's common shares on the TSX Venture Exchange has been halted. The Company is diligently working with its auditors to complete the Annual Filings as quickly as possible.聽 After completing the filings, the CTO will be revoked and the Company will coordinate with the TSX Venture Exchange for a resumption of trading as expeditiously as possible once the CTO has been revoked. Trading of the Company's shares under the ticker GP on the Nasdaq stock exchange is not impacted by the CTO.
For further information contact
Fraser Atkinson, CEO
(604) 220-8048
Michael聽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.聽 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
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. 聽漏2025 GreenPower Motor Company Inc. All rights reserved.
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FAQ
Why was GreenPower Motor Company (GP) issued a cease trade order in July 2025?
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