PowerBank Announces Results of Annual General Meeting
Rhea-AI Summary
PowerBank (NASDAQ: SUUN) announced results from its Annual General Meeting held December 11, 2025 in Toronto.
The company said the nominees named in the management information circular were elected as directors, with reported vote tallies and percentages: Dr. Richard Lu 7,335,605 votes (99.83%), Matthew Wayrynen 7,293,986 votes (99.27%), Paul Pasalic 7,327,686 votes (99.72%), Paul Sparkes 7,312,633 votes (99.52%), and Chelsea Nickles 7,330,725 votes (99.77%).
Shareholders also voted to appoint Deloitte LLP as auditors.
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Key Figures
Market Reality Check
Peers on Argus 1 Down
Sector peers showed mixed moves: some down (e.g., WAVE -3.62%, VGAS -3.17%) while STEM gained 15.15%, suggesting stock-specific factors around SUUN.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 09 | Project announcement | Positive | +1.9% | Lease executed for 5 MW AC solar-plus-storage project in New York. |
| Dec 04 | Project details | Positive | +1.6% | Additional details on 15 New York projects with US$168M construction value. |
| Dec 02 | Safe harbor update | Positive | -4.1% | Safe harbor secured for 15 distributed solar and storage projects in New York. |
| Nov 28 | AI platform beta | Positive | -1.2% | Joined closed beta for Intellistake’s IntelliScope enterprise AI suite. |
| Nov 19 | AI partnership | Positive | -5.8% | Announced "Orbital Cloud" AI infrastructure partnership with space-based deployment plans. |
Recent news has been largely positive on projects and partnerships, yet the stock more often sold off afterward, with 3 divergences versus 2 aligned reactions.
Over the past month, PowerBank reported multiple New York solar and storage milestones, including a 15-project safe harbor portfolio with an estimated US$168 million construction value and about US$65 million of potential tax credits. It also highlighted AI-related initiatives, such as the "Orbital Cloud" partnership and an enterprise AI hub beta. Market reactions ranged from modest gains of ~1.6–1.9% on some project updates to declines of up to -5.81% on AI-related announcements. Today's AGM voting results fit into this stream of corporate updates rather than a new strategic shift.
Market Pulse Summary
This announcement confirms that all nominated directors received strong shareholder support, with vote levels above 99%, and that Deloitte LLP was approved as auditor. It follows a series of project and AI-related updates that produced mixed price reactions, including moves from +1.89% to -5.81%. Investors tracking this name may focus on how governance stability supports execution of its New York solar-storage portfolio and AI initiatives, while monitoring trading relative to the $1.99 200-day moving average.
Key Terms
management information circular regulatory
AI-generated analysis. Not financial advice.
Votes for | % Votes for | Votes withheld | % Votes withheld | |
Dr. Richard Lu | 7,335,605 | 99.83 % | 12,335 | 0.17 % |
Matthew Wayrynen | 7,293,986 | 99.27 % | 53,954 | 0.73 % |
Paul Pasalic | 7,327,686 | 99.72 % | 20,254 | 0.28 % |
Paul Sparkes | 7,312,633 | 99.52 % | 35,307 | 0.48 % |
Chelsea Nickles | 7,330,725 | 99.77 % | 17,215 | 0.23 % |
Shareholders at the Meeting also voted in favour of appointing Deloitte LLP as auditors.
About PowerBank Corporation
To learn more about PowerBank, please visit www.powerbankcorp.com.
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SOURCE PowerBank Corporation
FAQ
Who was elected to PowerBank's board at the December 11, 2025 AGM (SUUN)?
What were the vote percentages for Dr. Richard Lu at PowerBank's 2025 AGM (SUUN)?
Did PowerBank shareholders appoint auditors at the December 11, 2025 meeting (SUUN)?
How many votes were withheld for Matthew Wayrynen at PowerBank's 2025 AGM (SUUN)?
Where and when was PowerBank's 2025 Annual General Meeting held (SUUN)?
