MONTREAL, Canada — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: 8PY1), a technology company developing next-generation processes for advanced material manufacturing, announces that on May 15, 2025, the TSX Venture Exchange issued Bulletin V2025-1424, confirming that trading in the Company’s securities will be reinstated at market open on Tuesday, May 20, 2025.
TIMELINE OF THE EVENTS
On April 30th, 2025, HPQ issued a press release stating that its new auditors needed a few more days to complete its audited annual financial statements for the financial year ended December 31, 2024.
Subsequently, the Autorité des marchés financiers (AMF) issued a Cease Trade Order (CTO) on May 1, 2025.
On May 2, 2025, HPQ filed its audited annual financial statements, management’s discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2024 (the “Required Filings”).
Furthermore, on May 5, 2025, HPQ filed a formal response to the clarification requested by the AMF.
After reviewing the 2024 audited annual financial statements, the formal reply and after in person interviews, the AMF issued via SEDAR+ on May 9, 2025, a filing rescinding the CTO, thereby affirming that it had found no material discrepancies in the Corporation’s Financial documentations.
Once the CTO was lifted, the TSX Venture started a review to confirm that HPQ continued to meet the TSX Venture Exchange listing requirements.
Upon completion of their review, the TSX Venture confirmed that the Corporation meets the listing requirements of a Tier 2 technology issuer.
As a result, BULLETIN V2025-1424 also indicated that, in accordance with Policy 2.5, effective at the opening, Tuesday, May 20, 2025, the Company’s Tier classification will change from Tier 1 to Tier 2.
“We’re pleased to see trading reinstated and to have confirmation that we continue to meet the TSX Venture Exchange’s listing requirements,” said Bernard Tourillon, President and CEO of HPQ Silicon Inc. “We acted swiftly and transparently to resolve the matter, and we remain focused on executing our strategic vision and delivering value to our shareholders.”
HPQ Silicon is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. With the support of world-class technology partners PyroGenesis Canada and NOVACIUM SAS, the company is developing new green processes crucial to make the critical materials needed to reach net zero emissions.
