PBK · POWERBANK Corp · Documents

PowerBank Corporation said the 3.26 MW Camillus community solar project in New York received permission to operate, after being sold and constructed for Solar Advocate Development LLC in a US$7.3 million transaction.

PowerBank Corporation shareholders elected all director nominees, appointed Deloitte LLP as auditors, and approved a share consolidation ratio ranging from one post-consolidation share for every ten to thirty pre-consolidation shares, with Board to set the ratio by October 29, 2027.

PowerBank announced a first lease for a 2 MW modular data center in Ontario, designed for approximately 500 NVIDIA GB300 GPUs and targeted at approximately C$2 million in annual lease revenue, subject to tenant commitments, permits, financing and construction.

PowerBank Corporation may offer and issue common shares, preferred shares, debt securities, warrants, units and subscription receipts from time to time in one or more offerings totaling up to $200,000,000 during the 36-month period its registration statement remains effective.

PowerBank Corporation completed a CA$25.4 million refinancing across 53 solar projects, reducing outstanding project loan principal by approximately CA$4.2 million, or 14%. It expects approximately CA$5.0 million in net cash and will assume O&M for 49 projects.

PowerBank Corporation shareholders will consider October 29, 2026 proposals for one post-consolidation share for every ten to thirty outstanding pre-consolidation shares, five directors, Deloitte LLP’s appointment and five nominations, to address Nasdaq’s US$1.00 minimum bid price.

PowerBank Corporation received an additional 180-day Nasdaq compliance period until March 28, 2027, moved its listing to the Nasdaq Capital Market effective October 1, 2026, and established an automatic securities disposition plan effective October 2, 2026.

PowerBank Corporation announced the termination of its At-The-Market equity offering program, which was established in February, 2026.

PowerBank Corporation reported fiscal 2026 revenue of $27.4 million, gross margin expanded to 34.7% from 25.3%, and net loss narrowed by $6.8 million to $24.3 million, while working capital improved to $1.6 million.

PowerBank Corporation develops renewable and clean energy projects. It disclosed substantial doubt about continuing as a going concern because existing and forecast liquidity cannot fund operations and obligations for at least the next twelve months, requiring additional financing.

PowerBank Corporation reported fiscal 2026 revenue of $27.4 million and net loss of $24.3 million, or $0.58 per share, as it shifted toward owned renewable-energy assets. It also launched a 7,000,000-share offering and received a Nasdaq bid-price compliance notice.