SolarBank Renews Base Shelf Prospectus
SolarBank Corporation (NASDAQ: SUUN) has filed a new final short form base shelf prospectus with Canadian securities regulators and a corresponding shelf registration statement with the SEC. The new shelf prospectus replaces the previous one from May 2023 and allows the company to offer up to C$200 million in various securities over a 25-month period. The offerings can include common shares, debt securities, warrants, subscription receipts, units, and share purchase contracts, with specific terms to be determined based on market conditions.
The funds raised will be used to advance business objectives, fund ongoing operations, repay debt, support capital programs, and potentially finance future acquisitions. The timing and size of any offerings will depend on the company's funding requirements and market conditions.
SolarBank Corporation (NASDAQ: SUUN) ha depositato un nuovo prospetto base finale in forma abbreviata presso le autorità di regolamentazione canadese e una corrispondente dichiarazione di registrazione presso la SEC. Il nuovo prospetto sostituisce quello precedente di maggio 2023 e consente all'azienda di offrire fino a 200 milioni di dollari canadesi in vari titoli nel corso di un periodo di 25 mesi. Le offerte possono includere azioni ordinarie, titoli di debito, warrant, ricevute di sottoscrizione, unità e contratti di acquisto azionario, con termini specifici da definire in base alle condizioni di mercato.
I fondi raccolti saranno utilizzati per promuovere gli obiettivi aziendali, finanziare le operazioni in corso, rimborsare debiti, supportare programmi di capitale e potenzialmente finanziare acquisizioni future. Tempistiche e dimensioni delle offerte dipenderanno dalle esigenze di finanziamento dell'azienda e dalle condizioni di mercato.
SolarBank Corporation (NASDAQ: SUUN) ha presentado un nuevo prospecto base abreviado final ante los reguladores de valores canadienses y una declaración de registro correspondiente ante la SEC. El nuevo prospecto reemplaza al anterior de mayo de 2023 y permite a la empresa ofrecer hasta 200 millones de dólares canadienses en diversos valores durante un período de 25 meses. Las ofertas pueden incluir acciones comunes, valores de deuda, warrants, recibos de suscripción, unidades y contratos de compra de acciones, con términos específicos que se determinarán según las condiciones del mercado.
Los fondos recaudados se utilizarán para avanzar en los objetivos comerciales, financiar las operaciones en curso, pagar deudas, apoyar programas de capital y potencialmente financiar adquisiciones futuras. El momento y el tamaño de cualquier oferta dependerán de las necesidades de financiamiento de la empresa y de las condiciones del mercado.
SolarBank Corporation (NASDAQ: SUUN)은 캐나다 증권 규제 당국에 새로운 최종 단기 기본 등록 설명서를 제출하고 SEC에 해당하는 등록 명세서를 제출했습니다. 이 새로운 등록 설명서는 2023년 5월의 이전 설명서를 대체하며, 회사가 25개월 기간 동안 최대 2억 캐나다 달러 상당의 다양한 증권을 제공할 수 있도록 허용합니다. 제공 가능한 증권에는 보통주, 채무 증권, 워런트, 청약 영수증, 단위 및 주식 매수 계약이 포함되며, 구체적인 조건은 시장 상황에 따라 결정됩니다.
모금된 자금은 사업 목표 추진, 운영 자금 조달, 부채 상환, 자본 프로그램 지원 및 향후 인수 자금 조달에 사용될 예정입니다. 제안 시기와 규모는 회사의 자금 필요와 시장 상황에 따라 달라질 것입니다.
SolarBank Corporation (NASDAQ : SUUN) a déposé un nouveau prospectus de base abrégé final auprès des régulateurs canadiens des valeurs mobilières ainsi qu'une déclaration d'enregistrement correspondante auprès de la SEC. Ce nouveau prospectus remplace celui de mai 2023 et permet à la société d'offrir jusqu'à 200 millions de dollars canadiens en diverses valeurs mobilières sur une période de 25 mois. Les offres peuvent inclure des actions ordinaires, des titres de créance, des bons de souscription, des reçus de souscription, des unités et des contrats d'achat d'actions, avec des conditions spécifiques à déterminer en fonction des conditions du marché.
Les fonds levés seront utilisés pour faire avancer les objectifs commerciaux, financer les opérations courantes, rembourser la dette, soutenir les programmes d'investissement et potentiellement financer des acquisitions futures. Le calendrier et la taille de toute offre dépendront des besoins de financement de la société et des conditions du marché.
SolarBank Corporation (NASDAQ: SUUN) hat einen neuen endgültigen Kurzprospekt bei den kanadischen Wertpapieraufsichtsbehörden eingereicht sowie eine entsprechende Registrierungsanmeldung bei der SEC vorgenommen. Der neue Prospekt ersetzt den vorherigen vom Mai 2023 und ermöglicht es dem Unternehmen, innerhalb eines 25-monatigen Zeitraums Wertpapiere im Wert von bis zu 200 Millionen kanadischen Dollar anzubieten. Die Angebote können Stammaktien, Schuldverschreibungen, Warrants, Bezugsquittungen, Einheiten und Aktienkaufverträge umfassen, wobei die genauen Bedingungen abhängig von den Marktbedingungen festgelegt werden.
Die eingeworbenen Mittel werden zur Förderung der Geschäftsziele, zur Finanzierung laufender Betriebskosten, zur Rückzahlung von Schulden, zur Unterstützung von Kapitalprogrammen und möglicherweise zur Finanzierung zukünftiger Übernahmen verwendet. Zeitpunkt und Umfang der Angebote richten sich nach dem Finanzierungsbedarf des Unternehmens und den Marktbedingungen.
- Flexibility to raise up to C$200 million through various financial instruments
- Extended financing window of 25 months provides long-term funding options
- Multiple financing options available including equity, debt, and other securities
- Potential future dilution for shareholders if equity offerings are made
- Increased debt possibility if debt securities are issued
- No guarantee of successful fundraising in current market conditions
The Shelf Prospectus will enable the Company to make offerings of up to
The nature, size and timing of any such financings (if any) will depend, in part, on the Company's assessment of its requirements for funding and general market conditions. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities will be used for to advance the Company's business objectives and for general corporate purposes, including funding ongoing operations or working capital requirements, repaying indebtedness outstanding from time to time, discretionary capital programs and potential future acquisitions. The specific terms of any future offering will be established in a prospectus supplement to the Shelf Prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities.
A copy of the Shelf Prospectus is available on SEDAR+ (www.sedarplus.ca) and also may be obtained by contacting the Chief Administrative Officer of the Company at 505 Consumers Road, Suite 803,
No offer to buy any securities of the Company can be accepted until the Registration Statement has become effective.
About SolarBank Corporation
SolarBank 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; the size of the Company's development pipeline; and information pertaining any potential future offering(s) of securities pursuant to the Shelf Prospectus (and the use of proceeds therefrom). 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 tarriffs; 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
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