ShorePower (AETN) delays Q1 2026 Form 10-Q for auditor review

Rhea-AI Filing Summary

ShorePower Technologies Inc. notified the SEC it cannot timely file its Form 10-Q for the quarter ended March 31, 2026.

The company states it needs additional time to compile and analyze supporting documentation and to allow its independent registered public accounting firm to complete its review; it intends to file the Form 10-Q as soon as possible.

Key Figures

Quarter end: March 31, 2026 Notification form: Form 12b-25 Authorized signatory date: May 15, 2026 +2 more

5 metrics

Quarter end March 31, 2026 Form 10-Q covering the quarter ended

Notification form Form 12b-25 Filed to notify of late Form 10-Q

Authorized signatory date May 15, 2026 Date the notification was signed by Jeff Kim

Registrant address ZIP 97124 Registrant principal executive office ZIP code

Contact phone 503-892-7243 Telephone number listed on the notification

Key Terms

Form 12b-25, Form 10-Q, Rule 12b-25(b)

3 terms

Form 12b-25 regulatory

"FORM 12b-25 NOTIFICATION OF LATE FILING"

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

Form 10-Q regulatory

"unable to file, without unreasonable effort or expense, its Form 10-Q for the quarter ended March 31, 2026"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

Rule 12b-25(b) regulatory

"If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b)"

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One): ☐ Form 10-K    ☐ Form 20-F    ☐ Form 11-K    ☒ Form 10-Q    ☐ Form 10-D    ☐ Form N-CEN    ☐ Form N-CSR

For Period Ended: March 31, 2026

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

For the Transition Period Ended: _________________________

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I — REGISTRANT INFORMATION

SHOREPOWER TECHNOLOGIES INC.

Full Name of Registrant

Former Name if Applicable

5289 NE Elam Young Pkwy, Suite 180

Address of Principal Executive Office (Street and Number)

Hillsboro, OR 97124

City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III — NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)

The Company is unable to file, without unreasonable effort or expense, its Form 10-Q for the quarter ended March 31, 2026 Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Form 10-Q and in order to permit the Company’s independent registered public accounting firm time to complete its review of the financial statements included in the Form 10-Q. The Company intends to file the Form 10-Q as soon as possible.

PART IV — OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification.

	Jeff Kim		503		892-7243
	(Name)		(Area Code)		(Telephone Number)

	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
(2)	Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
	Yes ☒     ☐ No

(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
	Yes ☐      ☒ No

SHOREPOWER TECHNOLOGIES INC.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 15, 2026	By	/s/ Jeff Kim
		Jeff Kim, President &
		Chief Executive Officer

FAQ

Why did ShorePower (AETN) file a Form 12b-25?

Because the company could not timely file its Form 10-Q for the quarter ended March 31, 2026. The filing explains additional time is needed to compile supporting documentation and permit the independent auditor to complete its review before issuing the Form 10-Q.

When is ShorePower (AETN) expected to file the delayed Form 10-Q?

The company intends to file the Form 10-Q as soon as possible. The notification states the company will complete compilation and auditor review before filing but does not provide a specific filing date in the excerpt.

Who signed the Form 12b-25 for ShorePower and when?

The Form 12b-25 was signed by Jeff Kim, President & Chief Executive Officer on May 15, 2026. His name and signature block are included on the notification as the authorized signatory for the registrant.

What reasons did ShorePower (AETN) cite for the late filing?

The company cited the need to compile and analyze supporting documentation and to allow its independent registered public accounting firm time to complete its review. Those reasons are described in reasonable detail in Part III of the notification.