GS Group and Goldman Sachs & Co. File Joint 13G/A for PowerBank (6,187 shares)

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC filed a joint Schedule 13G/A reporting beneficial ownership of 6,187 common shares of PowerBank Corp. The filing shows shared voting power and shared dispositive power over all 6,187 shares and no sole voting or dispositive power. The aggregate amount reported is 6,187 shares, representing 0.0% of the class, and Item 5 states ownership of 5% or less. Exhibits identify a joint filing agreement and note Goldman Sachs & Co. LLC as a broker-dealer and registered investment adviser while GS Group is the parent holding company. The filing certifies the shares were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Insights

Securities Analyst

TL;DR: Small, non-controlling position; routine disclosure with negligible market impact.

The reported position of 6,187 shares and a stated 0.0% stake indicate a de minimis ownership that is unlikely to affect PowerBank's capital structure, control, or operational decisions. The classification of shared voting and dispositive power suggests the shares are held in an agency or custodial capacity rather than as a controlling stake. The filing reinforces transparency but contains no material shifts in ownership or strategy that would change an investment thesis.

Corporate Governance Expert

TL;DR: Joint filing and certification point to passive, ordinary-course holdings with negligible governance implications.

The Schedule 13G/A and attached exhibits describe a joint filing agreement and identify the reporting relationship between GS Group and its subsidiary. The certification that holdings are not intended to influence control, combined with the reported no sole voting power, means there is no apparent governance or control intent. This is a routine disclosure consistent with regulatory requirements for small, passive positions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

POWERBANK Corp

(Name of Issuer)

Common Shares

(Title of Class of Securities)

83417Y108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 83417Y108

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,187.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,187.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,187.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 83417Y108

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,187.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,187.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,187.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: POWERBANK Corp
(b)	Address of issuer's principal executive offices: 505 Consumers Road, Suite 803, Toronto, Z4, M2J 4Z2
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 83417Y108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Mariana Audeves Martinez
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: Mariana Audeves Martinez
Name/Title:	Attorney-in-fact
Date:	07/17/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Shares of POWERBANK Corp and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ Mariana Audeves Martinez ---------------------------------------- Name: Mariana Audeves Martinez Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Mariana Audeves Martinez ---------------------------------------- Name: Mariana Audeves Martinez Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

How many PowerBank (SUUN) shares does Goldman Sachs report owning?

The filing reports 6,187 common shares beneficially owned with shared voting and shared dispositive power.

What percentage of PowerBank does the 6,187 shares represent?

The reported holding represents 0.0% of the class, and Item 5 confirms ownership of 5% or less of the class.

Which entities filed the Schedule 13G/A for SUUN?

The reporting persons are The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, filed jointly.

Does Goldman Sachs have sole voting or dispositive power over these shares?

No. The filing reports 0 sole voting power and 0 sole dispositive power, with the 6,187 shares shown as held under shared power.

Were the shares acquired to influence control of PowerBank?

According to the filing certification, the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.