GreenPower Announces Delay with Annual Filings for Canadian Securities Purposes with No Impact to Trading on Nasdaq

Rhea-AI Summary

GreenPower (NASDAQ: GP) announced a delay in its Canadian Annual Filings for the year ended March 31, 2026. The British Columbia Securities Commission issued a cease trade order (CTO) dated July 6, 2026 due to missing the June 29, 2026 Canadian filing deadline.

Trading of GreenPower shares on Nasdaq under ticker GP is not impacted by the CTO. U.S. filings are due by July 31, 2026. The company is working with its auditors to complete the Annual Filings, after which the CTO will be revoked.

Positive

• Nasdaq trading of GP shares is not impacted by the Canadian CTO
• CTO expected to be revoked once Annual Filings are completed
• Company working diligently with auditors to finalize required filings

Negative

• British Columbia Securities Commission issued a cease trade order on July 6, 2026
• Company missed June 29, 2026 Canadian deadline for audited annual filings
• Unforeseen delays in finalizing Annual Filings for year ended March 31, 2026

News Market Reaction – GP

-1.90%

10 alerts

-1.90% Session close to close

+11.5% Peak Tracked

-15.3% Trough Tracked

$11.13M Market Cap

0.5x Rel. Volume

In the Jul 7 session, GP declined 1.90%, reflecting a mild negative market reaction. Argus tracked a peak move of +11.5% during that session. Argus tracked a trough of -15.3% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The key development is a Canadian cease trade order after missed Annual Filings, while Nasdaq tradin...

Analysis

The key development is a Canadian cease trade order after missed Annual Filings, while Nasdaq trading continues and U.S. filings are due July 31, 2026. Investors may track timely completion of the statements and any follow-up from regulators.

Key Figures

Canadian filing deadline: June 29, 2026 Fiscal year-end: March 31, 2026 CTO date: July 6, 2026 +1 more

4 metrics

Canadian filing deadline June 29, 2026 Missed deadline for Annual Filings in Canada

Fiscal year-end March 31, 2026 Year-end covered by delayed Annual Filings

CTO date July 6, 2026 British Columbia Securities Commission cease trade order issuance

U.S. filing deadline July 31, 2026 Due date for U.S. filings

Historical Context

5 past events · Latest: May 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 21	Product update	Positive	-2.7%	Announced new cold weather heating solution for Nano BEAST school bus.
May 01	Leadership change	Neutral	-2.7%	Director Sebastian Giordano resigned and moved into advisory role.
Mar 27	Shareholder meeting	Neutral	+0.0%	Shareholders approved board slate, equity plan, and auditor appointment.
Mar 03	Auditor change	Neutral	-2.1%	Company replaced BDO Canada with Davidson & Company as auditor.
Feb 16	Listing compliance	Positive	+0.0%	Regained Nasdaq equity compliance after capital transactions and financings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company-specific headlines have often coincided with flat to negative next-day moves, even when the news itself was operationally positive or neutral.

Key Terms

cease trade order, management's discussion and analysis, annual information form

3 terms

cease trade order regulatory

"the British Columbia Securities Commission has issued a cease trade order dated July 6, 2026"

A cease trade order is an official directive from a stock exchange or regulator that temporarily stops buying and selling a company’s shares, usually because key information is missing, unclear, or suspected to be misleading. It matters to investors because the freeze acts like a pause button on a stock—preventing trades while issues are investigated so people aren’t exposed to sudden, unpriced risks or volatility until accurate information is available.

management's discussion and analysis financial

"for its audited financial statements, management's discussion and analysis, related certifications"

Management's discussion and analysis (MD&A) is a section in a company’s regulatory filings where company leaders explain recent results, trends, risks, and the plans behind their numbers in plain language. It matters to investors because it offers management’s view of what drove performance and what could affect future results — like a coach explaining the game plan and potential challenges — helping investors judge whether the company’s story and strategy are credible.

annual information form regulatory

"related certifications and annual information form for the year ended March 31, 2026"

A company's annual information form is a comprehensive regulatory filing that lays out its business description, key assets, risks, legal matters and other background details shareholders need to understand the company’s operations. Think of it as a detailed owner’s manual or dossier that supplements financial statements, helping investors do deeper homework on how the business works and what could affect its future performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower"), announces that the British Columbia Securities Commission has issued a cease trade order dated July 6, 2026 (the "CTO") in connection with the Company missing the Canadian filing deadline of June 29, 2026 for its audited financial statements, management's discussion and analysis, related certifications and annual information form for the year ended March 31, 2026 (collectively, the "Annual Filings"). GreenPower has experienced unforeseen delays in finalizing the Annual Filings.

Trading of the Company's shares under the ticker GP on the Nasdaq stock exchange is not impacted by the CTO. U.S. filings are due by July 31, 2026.

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.

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. For further information go to www.greenpowermotor.com.

©2026 GreenPower Motor Company Inc. All rights reserved.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304255

FAQ

Why did GreenPower (NASDAQ: GP) receive a cease trade order on July 6, 2026?

GreenPower received a cease trade order for missing the June 29, 2026 Canadian filing deadline. According to GreenPower, it did not file its audited financial statements, MD&A, certifications and annual information form for the year ended March 31, 2026 on time.

Does the Canadian cease trade order affect trading of GreenPower (GP) shares on Nasdaq?

The cease trade order does not affect trading of GreenPower shares on Nasdaq. According to GreenPower, trading of its shares under ticker GP on the Nasdaq stock exchange is not impacted, and the order relates to Canadian securities regulatory requirements.

What Canadian filings did GreenPower (GP) delay for the year ended March 31, 2026?

GreenPower delayed its Canadian Annual Filings for the year ended March 31, 2026. According to GreenPower, these include audited financial statements, management’s discussion and analysis, related certifications and the annual information form required by Canadian securities regulators.

When are GreenPower’s U.S. filings due and how do they relate to GP stock?

GreenPower’s U.S. filings are due by July 31, 2026. According to GreenPower, this U.S. deadline is separate from the missed Canadian deadline and the Canadian cease trade order does not impact trading of GP shares on the Nasdaq market.

How and when can the cease trade order on GreenPower be revoked for Canadian securities?

The cease trade order will be revoked after GreenPower completes its Annual Filings. According to GreenPower, it is working diligently with its auditors to finalize the required Canadian documents so the British Columbia Securities Commission can lift the order.