Latest news with #ceasetradeorder
Yahoo
08-08-2025
- Business
- Yahoo
Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements and Implementation of Cease Trade Order
VANCOUVER, British Columbia, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Aja Health and Wellness Inc. ("Aja" or the "Company") (TSXV:Aja) announces that the Alberta Securities Commission (the "ASC"), as its principal regulator, has revoked the management cease trade order previously issued to the Company. On August 1, 2025, the ASC issued a Failure-to-File Cease Trade Order (the "FFCTO") prohibiting the trading by any person of any securities of the Company. The FFCTO was issued due to the delayed filing of the Company's annual audited financial statements for the financial year ending December 31, 2024, including the related management's discussion and analysis and certifications from the CEO and CFO (the "Annual Filings") and the Company's unaudited interim financial statements for the three months ended March 31, 2025, the management's discussion and analysis for the same period and management certifications of the interim filings (the "Interim Filings") beyond the April 30, 2025 and May 30, 2025 deadline for the Annual Filings and Interim Filings, respectively. The Company anticipates that the FFCTO will remain in place until such time as the Annual Filings and the Interim Filings are filed. Update on Annual Filings Aja previously announced that the delay in filing the Annual Filings was due to the determination that the previously announced reverse takeover transaction, which closed on September 17, 2024, will be characterized as a series of acquisitions for accounting purposes. This characterization requires a valuation of the purchase price allocation to complete the audited financial statements for the financial year ending December 31, 2024. The valuator continues to work on valuing the purchase price allocation and anticipates having the valuation finalized on or before August 15, 2025. Following receipt of the valuation, the auditors will continue working with the Company to complete the audited financial statements for the financial year ending December 31, 2024. The Company is working to complete the Annual Filings as soon as possible and expects the Annual Filings to be filed on or before August 29, 2025. Update on Interim Filings As a result of the delay in filing the Annual Filings, Aja previously announced that it was unable to file its Interim Filings. Aja is working to complete the Interim Filings as soon as possible and expects the Interim Filings to be filed on or before August 29, 2025. On behalf of the Board of Directors "Sanjeev Parsad" Sanjeev ParsadPresident, CEO and Director The above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Company undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company. All forward-looking statements contained in this news release are expressly qualified by this cautionary further information, contact: Sanjeev Parsad, President and CEOPhone: (604) 678.9115Fax: (604) 678.9279E-mail: sparsad@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
10-07-2025
- Business
- Globe and Mail
GreenPower Announces Delay with Annual Filings
VANCOUVER, BC , July 10, 2025 /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 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 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.
