PBK · POWERBANK Corp

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.