PowerBank (NASDAQ: SUUN) spotlights Orbit AI’s Genesis-1 space AI

Rhea-AI Filing Summary

PowerBank Corporation filed a Form 6-K featuring a press release that highlights Orbit AI’s publicly accessible real-time tracking dashboard for the Genesis-1 satellite. The dashboard shows Genesis-1’s orbital position, velocity, altitude, and operational status, giving continuous visibility into the satellite’s uptime and activity.

PowerBank, a collaboration partner of Orbit AI, frames Genesis-1 as an early operational node in a space-based compute architecture where solar-powered infrastructure supports advanced AI workloads in orbit as a complement to power-constrained terrestrial data centers. The company notes that some operational metrics come from Orbit AI and have not been independently verified, and it states that PowerBank has elected not to invest in Orbit AI at this time and that remuneration terms for any services have not yet been determined.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2026.

Commission File Number 001-41976

PowerBank Corporation

(Translation of registrant’s name into English)

505 Consumers Rd., Suite 803

Toronto, Ontario, M2J 4Z2 Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ☐

Indicate by check mark if the registrant is “submitting” the Form 6-K in paper as permitted by Regulation S-T “Rule” 101(b)(7) ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date January 22, 2026	PowerBank Corporation
	By:	/s/ Sam Sun
		Sam Sun
		Chief Financial Officer & Corporate Secretary

2

Exhibit Index

Exhibit		Description of Exhibit
99.1		Press Release dated January 22, 2026

3

Exhibit 99.1

PowerBank Corporation Highlights Real-Time Space Satellite Tracking Dashboard

PowerBank views continuous uptime visibility and public verification as foundational requirements for scalable space-based energy infrastructure supporting orbit-to-ground AI workflows, amid growing constraints on terrestrial data center capacity.

TORONTO, ONTARIO, January 22, 2026 – PowerBank Corporation (NASDAQ: SUUN), a North American renewable energy company focused on solar energy infrastructure, battery energy storage systems (BESS), and advanced data center solutions, today emphasized the role of Orbit AI’s publicly accessible real-time satellite tracking dashboard as a reference point for monitoring the on-orbit status and uptime of Orbit AI’s Genesis-1 satellite. Genesis-1 operates using space infrastructure supporting Orbit AI’s on-orbit compute workloads and telemetry operations. PowerBank Corporation is a collaboration partner of Orbit AI.

The tracker, accessible at https://www.intellistake.com/orbit-tracker and sourced from Orbit AI’s public orbital data, provides continuous visibility into Genesis-1’s orbital position, velocity, altitude, and operational status. PowerBank views this transparency as a practical mechanism for observing sustained satellite operations following Genesis-1’s successful deployment and ongoing mission activity.

Live view of the satellite tracking dashboard, created by Orbit AI. Source: Intellistake

Operating AI workloads directly in orbit, rather than relying exclusively on ground-based processing, provides an early reference point for how future AI infrastructure may evolve under real-world physical constraints. PowerBank views Genesis-1 as an initial operational node within a broader space-enabled compute architecture, where repeatable uptime and observable execution are foundational for scale.

Gus Liu, Co-Founder and CEO of Smartlink AI commented, “Orbit AI is one of the world’s fastest companies to deploy operational-grade AI cloud computing in space. We have successfully run our proprietary PLM (Peripheral Language Model) on NVIDIA AI chips aboard satellites to execute in-orbit missions. This milestone marks the birth of the world’s first decentralized operational-grade AI cloud, overcoming the constraints of Earth’s power and infrastructure limitations.”

“From PowerBank’s perspective, this isn’t just about demonstrating a satellite,” said Dr. Richard Lu, CEO & President of PowerBank Corporation. “It’s about whether solar-powered space infrastructure can deliver observable, measurable performance over time. That’s the baseline for any meaningful on-orbit compute capability. Reliable renewable energy infrastructure is foundational for advanced AI workloads in space. Genesis-1 demonstrates how space-based platforms powered by solar infrastructure can provide the energy delivery, stability, and operational continuity required as demand grows for compute beyond terrestrial constraints.”

As global AI demand intensifies, ground-based infrastructure is increasingly limited by power availability, cooling requirements, and land constraints. PowerBank views space-based infrastructure powered by solar energy as an emerging complement to terrestrial systems, where observable execution and energy efficiency will become critical differentiators.

The company cautions that certain operational metrics referenced herein are based on information provided by Orbit AI and have not been independently verified. PowerBank will continue to monitor progress and will provide additional updates as warranted.

At this time PowerBank elected not to make an investment in Orbit AI and the terms of any remuneration for services PowerBank may provide Orbit AI have not yet been determined.

About PowerBank Corporation

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

To learn more about PowerBank, please visit www.powerbankcorp.com.

About Orbit AI

Orbit AI is a Singapore-based pioneer in aerospace technology. Cooperating with supply chain partners from China and the United States, the company is building a decentralized low-Earth orbit satellite network (DeStarlink) combined with orbital AI compute/data-center infrastructure (DeStarAI). The company plans blockchain-verified nodes in space, solar-powered compute payloads and a mesh network architecture to deliver global connectivity and digital-sovereignty services.

To learn more about Orbit AI please visit https://orbitAI.global or follow http://x.com/OrbitAI_OAI

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 industry trends and overall market growth; the details of the collaboration with Orbit AI and its expected benefits; the Company’s contributions towards the collaboration with Orbit AI; the timelines for Orbit AI’s operations the Company’s growth strategies, 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: t ; Orbit AI and the Company are able to agree on commercial terms for the announced collaboration; 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: Orbit AI is unable to raise sufficient financing to complete its launch of satellites on the timelines proposed or at all; Orbit AI and the Company fail to agree on commercial terms for the announced collaboration; technical risks associated with Orbit AI’s planned operations; 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 Project 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.‎

For further information, please contact:‎

PowerBank Corporation

Tracy Zheng

Email: tracy.zheng@powerbankcorp.com

Phone: 416.494.9559

Source: PowerBank Corporation

FAQ

What does PowerBank Corporation (SUUN) announce in this Form 6-K?

The Form 6-K presents a press release where PowerBank Corporation highlights Orbit AI’s real-time tracking dashboard for the Genesis-1 satellite. The company explains how this publicly accessible tool provides continuous visibility into the satellite’s orbital position, velocity, altitude, and operational status, and positions Genesis-1 as an early node in a space-enabled AI compute architecture.

How is PowerBank Corporation involved with Orbit AI and Genesis-1?

PowerBank is described as a collaboration partner of Orbit AI. Genesis-1 operates using space infrastructure that supports Orbit AI’s on-orbit compute workloads and telemetry operations. PowerBank emphasizes the role of solar-powered space infrastructure in delivering reliable energy for these AI workloads but clarifies that it has not invested in Orbit AI and that terms of any remuneration for services have not yet been determined.

What is the purpose of Orbit AI’s Genesis-1 satellite dashboard mentioned by PowerBank?

The dashboard, accessible via a public web link, is based on Orbit AI’s orbital data and provides a live view of Genesis-1’s orbital position, velocity, altitude, and operational status. PowerBank views this transparency as a practical way to observe sustained satellite operations and uptime, which it considers foundational for scalable on-orbit compute capabilities powered by solar infrastructure.

Did PowerBank Corporation invest in Orbit AI according to this disclosure?

No. The press release states that PowerBank elected not to make an investment in Orbit AI at this time. It also notes that the terms of any remuneration for services PowerBank may provide to Orbit AI have not yet been determined, indicating that the relationship described is a collaboration rather than an equity investment based on the information provided.

What business does PowerBank Corporation (SUUN) focus on?

PowerBank Corporation is an independent renewable and clean energy project developer and owner focused on distributed and community solar projects in Canada and the USA. It develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities and various off-takers, and it reports a potential development pipeline of over one gigawatt with over 100 megawatts of renewable and clean energy projects already built.

What risks and forward-looking statements does PowerBank highlight in this release?

The release includes extensive forward-looking statements language, noting that expectations around industry trends, collaboration details with Orbit AI, growth strategies, and pipeline size are subject to assumptions and risks. It cites factors such as Orbit AI’s financing and technical risks, market and policy changes in solar and battery storage, financing availability, competition, supply chain issues, economic conditions, and potential dilution from future securities sales, and states that actual results may differ materially.