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SolarBank Corp. Refiles 2024 Financial Statements Following Regulatory Request

Burstable News - Business and Technology News • April 24, 2025
By Burstable News Staff
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SolarBank Corp. Refiles 2024 Financial Statements Following Regulatory Request

Summary

SolarBank Corporation has refiled its 2024 annual financial statements to include its predecessor auditor's report, as requested by the Ontario Securities Commission during a prospectus review. The refiling adds transparency to the company's financial documentation without altering the original financial statements.

Full Article

SolarBank Corporation (NASDAQ: SUUN) has resubmitted its audited consolidated financial statements for the fiscal year ending June 30, 2024, to include additional documentation from its predecessor independent auditor.

The company originally filed the financial statements on September 30, 2024. Following a request from the Ontario Securities Commission during a prospectus review, SolarBank added the report from MSLL CPA LLP immediately after the current auditor ZH CPA, LLC's report.

Notably, no changes were made to the substantive financial information in the document. The refiling represents a procedural update to enhance the transparency and completeness of the company's financial reporting.

The move underscores the importance of comprehensive financial documentation and regulatory compliance in the renewable energy sector. For SolarBank, a company developing solar, battery energy storage, and electric vehicle charging projects across North America, maintaining rigorous financial standards is crucial for investor confidence and continued growth.

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