SolarBank Corporation Rebrands as PowerBank Corporation to Reflect Expanded Energy Focus

SolarBank Corporation, known on the NASDAQ as SUUN, Cboe CA as SUNN, and FSE as GY2, has announced its rebranding to PowerBank Corporation, marking a significant shift in its business strategy towards a broader energy focus. The change, set to take effect on July 28, 2025, was approved by shareholders on July 23 and reflects the company's expansion beyond solar into diversified power and energy solutions. Despite the name change, the company's trading symbols will remain unchanged, and there will be no alterations to the share structure, CUSIP exchange, or shareholder rights.

This rebranding underscores PowerBank Corporation's commitment to leading the transition towards more sustainable and diversified energy solutions. The company, which has developed renewable and clean energy projects with a combined capacity of over 100 megawatts, is poised to leverage its potential development pipeline of over one gigawatt. Its focus on distributed and community solar projects in Canada and the USA, along with ventures into Battery Energy Storage System (BESS) and EV Charging projects, positions it as a key player in the North American energy sector.

The implications of this rebranding are significant for the energy industry, investors, and the broader push towards sustainability. By expanding its focus beyond solar, PowerBank Corporation is aligning itself with the evolving demands of the energy market, which increasingly values diversification and innovation in renewable energy sources. This strategic move not only enhances the company's market position but also contributes to the global effort to combat climate change by promoting cleaner, more sustainable energy solutions.

For more details on the rebranding and its implications, the full press release can be accessed here. Additional information about forward-looking statements and the company's projects is available at https://ibn.fm/CZYfv and https://ibn.fm/F8WAl.