GreenPower Announces Delay with Annual Filings

Rhea-AI Summary

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.

Positive

• Trading continues unaffected on Nasdaq exchange
• Company actively working with auditors to resolve the filing delay

Negative

• 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

 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 for the year ended March 31, 2025 (collectively, the "Annual Filings"). GreenPower has experienced unforeseen delays in finalizing the Annual Filings. 

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.  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will coordinate with the TSX Venture Exchange for a resumption of trading as expeditiously as possible once the CTO has been revoked.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 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.  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. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

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.  ©2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

FAQ

Why was GreenPower Motor Company (GP) issued a cease trade order in July 2025?

GreenPower was issued a cease trade order on July 10, 2025, for missing the June 30 deadline to file its annual financial statements, management's discussion and analysis, and other required documents for the year ended March 31, 2025.

Is GreenPower (GP) stock still trading on Nasdaq after the cease trade order?

Yes, trading of GreenPower shares under the ticker GP on the Nasdaq stock exchange continues unaffected by the cease trade order. Only trading on the TSX Venture Exchange has been halted.

When will GreenPower (GP) resume trading on TSX Venture Exchange?

Trading will resume after GreenPower completes its Annual Filings, the cease trade order is revoked, and the company coordinates with TSX Venture Exchange for trading resumption.

What documents is GreenPower (GP) missing in its annual filings?

GreenPower is missing its audited financial statements, management's discussion and analysis, related certifications, and annual information form for the year ended March 31, 2025.

How does the cease trade order affect GreenPower's dual-listed shares?

The cease trade order only affects GreenPower's shares listed on the TSX Venture Exchange (GPV), while shares trading on Nasdaq (GP) remain unaffected and continue to trade normally.