SolarBank Announces Name Change to PowerBank Corporation
SolarBank Corporation (NASDAQ: SUUN) announced its corporate rebranding to PowerBank Corporation, effective July 28, 2025. The name change better reflects the company's broader focus on power and energy solutions beyond solar energy. The company's stock symbols on NASDAQ (SUUN), Cboe CA (SUNN), and FSE (GY2) will remain unchanged.
The rebranding, approved by shareholders on July 23, 2025, does not involve any share capital consolidation or changes to the company's share structure. Existing share certificates will remain valid, and shareholders are not required to take any action. The company will update its website to www.powerbankcorp.com on the effective date.
SolarBank Corporation (NASDAQ: SUUN) ha annunciato il cambio di nome aziendale in PowerBank Corporation, a partire dal 28 luglio 2025. Questa modifica riflette meglio l'ampliamento dell'attenzione dell'azienda verso soluzioni energetiche e di potenza oltre il settore solare. I simboli azionari su NASDAQ (SUUN), Cboe CA (SUNN) e FSE (GY2) resteranno invariati.
Il rebranding, approvato dagli azionisti il 23 luglio 2025, non comporta alcuna consolidazione del capitale sociale né modifiche alla struttura azionaria. I certificati azionari esistenti rimarranno validi e gli azionisti non dovranno intraprendere alcuna azione. Il sito web dell'azienda sarà aggiornato a www.powerbankcorp.com dalla data di efficacia.
SolarBank Corporation (NASDAQ: SUUN) anunció su cambio de nombre corporativo a PowerBank Corporation, con vigencia a partir del 28 de julio de 2025. Este cambio refleja mejor el enfoque ampliado de la empresa hacia soluciones de energía y potencia más allá de la energía solar. Los símbolos bursátiles en NASDAQ (SUUN), Cboe CA (SUNN) y FSE (GY2) permanecerán sin cambios.
El cambio de marca, aprobado por los accionistas el 23 de julio de 2025, no implica ninguna consolidación de capital ni modificaciones en la estructura accionarial. Los certificados de acciones existentes seguirán siendo válidos y los accionistas no necesitan realizar ninguna acción. La empresa actualizará su sitio web a www.powerbankcorp.com en la fecha efectiva.
SolarBank Corporation (NASDAQ: SUUN)는 2025년 7월 28일부터 회사명을 PowerBank Corporation으로 변경한다고 발표했습니다. 이번 명칭 변경은 태양광 에너지를 넘어 전력 및 에너지 솔루션에 대한 회사의 보다 넓은 집중을 잘 반영합니다. NASDAQ(SUUN), Cboe CA(SUNN), FSE(GY2)의 주식 심볼은 변경되지 않습니다.
2025년 7월 23일 주주들의 승인으로 진행된 이번 리브랜딩은 자본금 통합이나 주식 구조 변경을 수반하지 않습니다. 기존 주식 증서는 계속 유효하며, 주주들은 별도의 조치를 취할 필요가 없습니다. 회사는 효력 발생일에 웹사이트를 www.powerbankcorp.com으로 업데이트할 예정입니다.
SolarBank Corporation (NASDAQ : SUUN) a annoncé son changement de nom en PowerBank Corporation, effectif à partir du 28 juillet 2025. Ce changement reflète mieux l'élargissement de l'activité de l'entreprise vers des solutions énergétiques et électriques au-delà de l'énergie solaire. Les symboles boursiers sur NASDAQ (SUUN), Cboe CA (SUNN) et FSE (GY2) resteront inchangés.
Le rebranding, approuvé par les actionnaires le 23 juillet 2025, n'implique aucune consolidation de capital ni modification de la structure des actions. Les certificats d'actions existants resteront valides et les actionnaires n'ont aucune démarche à effectuer. Le site web de l'entreprise sera mis à jour à www.powerbankcorp.com à la date d'entrée en vigueur.
SolarBank Corporation (NASDAQ: SUUN) hat seine Unternehmensumbenennung in PowerBank Corporation bekannt gegeben, die ab dem 28. Juli 2025 wirksam wird. Die Namensänderung spiegelt besser den erweiterten Fokus des Unternehmens auf Energie- und Stromlösungen über die Solarenergie hinaus wider. Die Börsenticker an NASDAQ (SUUN), Cboe CA (SUNN) und FSE (GY2) bleiben unverändert.
Das Rebranding, das von den Aktionären am 23. Juli 2025 genehmigt wurde, beinhaltet keine Kapitalzusammenlegung oder Änderungen der Aktienstruktur. Bestehende Aktienzertifikate bleiben gültig, und Aktionäre müssen keine Maßnahmen ergreifen. Die Webseite des Unternehmens wird am Wirksamkeitsdatum auf www.powerbankcorp.com aktualisiert.
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Name change better reflects the Company's business which is focused on providing power to support the growing digital economy
The effective date for the name change is July 28, 2025 (the "Effective Date"). It is anticipated that the Company's common shares will commence trading under the new name, PowerBank Corporation. on the Effective Date. The new CUSIP number of the Company's common shares will be 73933V100 and the new ISIN will be CA73933V1004.
The name change does not involve a consolidation of the Company's share capital, and as such, shareholders will not be required to exchange their existing share certificates for new ones. The name change will not affect the Company's share structure, or the rights of the Company's shareholders and no action will be required to be taken by shareholders with respect to the name change. All currently outstanding share and warrant certificates will continue to be valid under the new name.
The name change was approved by the Company's shareholders at a special meeting on July 23, 2025 in accordance with the Company's Articles and the Business Corporations Act (
On the Effective Date the Company's website will be: www.powerbankcorp.com.
About PowerBank Corporation
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; and the size of the Company's development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.
Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-Looking Statements" and "Risk Factors" in the Company's most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements; the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company's project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements ("PPAs") and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company's effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company's results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company's insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE SolarBank Corporation
FAQ
When will SolarBank Corporation (NASDAQ: SUUN) change its name to PowerBank Corporation?
Will SolarBank's stock symbol SUUN change after the company name change?
Do SolarBank shareholders need to take any action regarding the name change to PowerBank?
What is the new CUSIP and ISIN for PowerBank Corporation (formerly SolarBank)?
