• SolarBank Corporation has changed its name to PowerBank Corporation to better align with its expanding clean energy portfolio.
• PowerBank develops solar and battery storage projects in the U.S. and Canada.
• The firm holds a project pipeline exceeding one gigawatt and a built project base of 100 MW.
• A recently announced $100 million financing with CIM Group is set to accelerate U.S. project construction.
• U.S. tax incentives and Canadian contract programs position the company for stable growth and investor appeal.

Disseminated on behalf of PowerBank Corporation

SolarBank Corporation, a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is now PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a move that underscores the company’s evolving business model and its role in powering the digital economy. The name change, effective July 28, 2025, was approved by shareholders and reflects a strategic shift from a solar-centric identity toward a broader energy infrastructure platform (https://ibn.fm/CDCjI).

Trading under the same stock tickers, the newly renamed PowerBank Corporation aims to clarify its market position as a provider of diversified clean energy solutions, including solar and battery storage. No changes were made to the company’s share capital, and shareholders are not required to take…

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NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the Company’s newsroom at https://ibn.fm/SUUN

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