PowerBank Announces Results of Annual General Meeting

PowerBank (NASDAQ: SUUN) announced results from its Annual General Meeting held December 11, 2025 in Toronto.

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.

Argus Dec 12 session

-1.26% close to close Open Argus

Details

News Market Reaction – SUUN

On Dec 12, the day this news came out, SUUN closed 1.26% below the previous close.

Data tracked by StockTitan Argus for the Dec 12 session.

Market Context

This announcement confirms that all nominated directors received strong shareholder support, with vo...

Analysis

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 Figures

Votes for Dr. Richard Lu: 7,335,605 votes (99.83%) Votes for Matthew Wayrynen: 7,293,986 votes (99.27%) Votes for Paul Pasalic: 7,327,686 votes (99.72%) +2 more

Votes for Dr. Richard Lu

7,335,605 votes (99.83%)

Director election at 2025 Annual General Meeting

Votes for Matthew Wayrynen

7,293,986 votes (99.27%)

Director election at 2025 Annual General Meeting

Votes for Paul Pasalic

7,327,686 votes (99.72%)

Director election at 2025 Annual General Meeting

Votes for Paul Sparkes

7,312,633 votes (99.52%)

Director election at 2025 Annual General Meeting

Votes for Chelsea Nickles

7,330,725 votes (99.77%)

Director election at 2025 Annual General Meeting

Historical Context

5 past events · Latest: Dec 09

5 events

1. Dec 09

   Project announcement

   24h Move

   +1.9%

   Lease executed for 5 MW AC solar-plus-storage project in New York.

2. Dec 04

   Project details

   24h Move

   +1.6%

   Additional details on 15 New York projects with US$168M construction value.

3. Dec 02

   Safe harbor update

   24h Move

   -4.1%

   Safe harbor secured for 15 distributed solar and storage projects in New York.

4. Nov 28

   AI platform beta

   24h Move

   -1.2%

   Joined closed beta for Intellistake’s IntelliScope enterprise AI suite.

5. Nov 19

   AI partnership

   24h Move

   -5.8%

   Announced "Orbital Cloud" AI infrastructure partnership with space-based deployment plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

management information circular

1 terms

management information circular regulatory

"reports that the nominees listed in the management information circular for the 2025"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, Dec. 12, 2025 /PRNewswire/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, reports that the nominees listed in the management information circular for the 2025 Annual General Meeting of shareholders (the "Meeting") were elected as directors of PowerBank. Detailed results of the vote for the election of directors held at the Annual General Meeting on December 11, 2025 in Toronto, Ontario, are set out below:

	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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/powerbank-announces-results-of-annual-general-meeting-302639691.html

SOURCE PowerBank Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was elected to PowerBank's board at the December 11, 2025 AGM (SUUN)?

The elected directors were Dr. Richard Lu, Matthew Wayrynen, Paul Pasalic, Paul Sparkes, and Chelsea Nickles.

What were the vote percentages for Dr. Richard Lu at PowerBank's 2025 AGM (SUUN)?

Dr. Richard Lu received 7,335,605 votes, representing 99.83% of votes for the election.

Did PowerBank shareholders appoint auditors at the December 11, 2025 meeting (SUUN)?

Yes. Shareholders voted in favour of appointing Deloitte LLP as auditors.

How many votes were withheld for Matthew Wayrynen at PowerBank's 2025 AGM (SUUN)?

There were 53,954 votes withheld for Matthew Wayrynen, equal to 0.73% withheld.

Where and when was PowerBank's 2025 Annual General Meeting held (SUUN)?

The AGM was held on December 11, 2025 in Toronto, Ontario.