Performance Sports Group said the Securities and Exchange Commission is investigating the company, two days after it failed to file its annual report on time.

The Canada-based outfit, formerly known as Bauer Performance Sports, is also being investigated by Canadian securities regulators, according to a regulatory filing on Wednesday.

The SEC probe is the latest setback for the company. PSG said Monday that it delayed its annual report so it can conduct an internal probe of its accounting.

The company said the failure to file on time with the SEC would put it in default on its $650 million credit facilities.

PSG is also a defendant in a shareholder suit filed in New York. The amended complaint alleges that PSG made “false and misleading statements” that “artificially inflated” the stock price over a 14-month period that ended on March 14.

The complaint cites a March 14 NY Post story reporting allegations of revenue manipulation at the company.

PSG did not respond to requests for comment.

The company cut its full-year outlook in June, blaming the dour forecast in part on the bankruptcy of retailer Sports Authority Holding.

PSG closed down 12 percent, at $1.83, on Wednesday.