VANCOUVER, BC, July 6, 2023
/CNW/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV:
GPV) ("GreenPower"), announces that the British Columbia
Securities Commission has issued a cease trade order dated
July 6, 2023 (the "CTO") in
connection with the Company missing the June
29, 2023 filing deadline for its audited financial
statements, management's discussion and analysis and related
certifications for the year ended March 31,
2023 (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possible once the CTO has been revoked.
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. ©2023 GreenPower Motor Company Inc.
All rights reserved.
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SOURCE GreenPower Motor Company