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GreenPower Reinstated for Trading on TSX Venture Exchange After Completing Annual Filings Review
ByAinvest
Wednesday, Sep 3, 2025 5:05 pm ET1min read
GreenPower Motor Company's shares have been reinstated for trading on the TSX Venture Exchange after the company filed its audited financial statements and related certifications for the year ended March 31, 2025. The company had failed to file these documents, resulting in a "failure to file" cease trade order. The reinstatement does not impact trading on the Nasdaq Stock Exchange.
GreenPower Motor Company Inc. (GP) has successfully reinstated trading on the TSX Venture Exchange after submitting its audited financial statements and related certifications for the year ended March 31, 2025. The company had previously faced a "failure to file" cease trade order due to its delay in submitting these documents. The reinstatement does not affect the company's trading status on the Nasdaq Stock Exchange.The TSX Venture Exchange announced the reinstatement on July 31, 2025, following the company's compliance with the exchange's requirements. GreenPower disclosed significant debt obligations, including a $5 million revolving loan facility with approximately $3.6 million outstanding. Additionally, the company received multiple loans from related parties, totaling CAD $1,425,000 [2].
GreenPower's stock price has been volatile in recent months, with a significant decline after receiving a Nasdaq delisting notice for failing to maintain the minimum $1 bid price requirement [1]. The company plans to appeal the delisting decision and has requested a hearing before a Nasdaq Hearings Panel. If the appeal is unsuccessful, the company expects its shares would continue trading on the TSX Venture Exchange or potentially move to one of the OTC Markets Group’s platforms in the United States [1].
Despite the recent challenges, GreenPower has been actively working to satisfy Nasdaq’s requirements and has secured a significant contract with New Mexico to supply electric school buses worth more than $5 million [3]. The company's share consolidation was also postponed to September 8, 2025, to allow for the filing of its audited financial statements [4].
References:
[1] https://www.investing.com/news/stock-market-news/greenpower-motor-stock-falls-after-receiving-nasdaq-delisting-notice-93CH-4217303
[2] https://www.stocktitan.net/news/GP/green-power-announces-reinstatement-of-trading-on-the-tsx-venture-bty1lxq3l8sy.html
[3] https://www.investing.com/equities/greenpower-motor-company-inc
[4] https://www.investing.com/news/stock-market-news/greenpower-motor-stock-falls-after-receiving-nasdaq-delisting-notice-93CH-4217303
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