Highbridge Tactical Credit Fund Holds >5% of PowerBank via Warrants

Rhea-AI Filing Summary

Highbridge Capital Management, LLC disclosed a 6.3% economic stake in PowerBank Corp represented by 2,394,367 common shares issuable upon exercise of warrants. The filing states the percentage is calculated using 35,349,427 common shares outstanding as of June 6, 2025, and assumes exercise of the warrants held by Highbridge funds. The Reporting Person is an investment adviser organized in Delaware and filed this Schedule 13G/A to report its holdings on behalf of certain Highbridge funds.

The submission identifies Highbridge Tactical Credit Master Fund, L.P. as a Highbridge Fund that has the right to receive dividends or sale proceeds for more than 5% of the class. The filing affirms the securities were acquired in the ordinary course of business and not to influence control of the issuer.

Positive

• Clear disclosure of 2,394,367 common shares issuable on exercise of warrants representing 6.3% of the class
• Identifies fund-level holder: Highbridge Tactical Credit Master Fund, L.P. has rights to dividends/proceeds for >5% of the class
• Compliance with passive Schedule 13G/A requirements and certification that holdings are in the ordinary course of business

Negative

• None.

Insights

Financial Analyst

TL;DR: Highbridge holds a meaningful 6.3% economic position via warrant-backed common shares, reported as held in the ordinary course.

The Schedule 13G/A clarifies that 2,394,367 common shares are issuable upon exercise of warrants held by Highbridge funds, representing 6.3% of the 35,349,427-share base used for calculation. This is a disclosure of ownership rather than an active change-of-control filing, consistent with filing under passive investor rules. The identification of Highbridge Tactical Credit Master Fund, L.P. as holding more than 5% of the class identifies the primary fund-level exposure driving the percentage. For investors, this filing provides transparent ownership linkage between the adviser and underlying funds but contains no operational or financial performance information.

Corporate Governance Expert

TL;DR: Filing complies with passive investor disclosure requirements and highlights a >5% fund-level interest through warrant exercise.

The reporting explicitly states the position arises from warrants rather than currently outstanding common shares and that the securities are held in the ordinary course of business, which aligns with Schedule 13G treatment. The filing names the Reporting Person, its Delaware organization, business address, and certifies non-control intent. It also identifies the specific Highbridge fund with rights to dividends or proceeds exceeding 5% of the class, satisfying Item 6 disclosure norms. There are no governance actions, group affiliations, or contested control statements in this filing.

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, without par value

(Title of Class of Securities)

73933V100

(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. 73933V100

1

Names of Reporting Persons

HIGHBRIDGE CAPITAL MANAGEMENT, 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,394,367.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,394,367.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,394,367.00

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)

6.3 %

12

Type of Reporting Person (See Instructions)

IA, OO

Comment for Type of Reporting Person: The Common Shares (as defined in Item 2(a)) reported herein are issuable upon exercise of warrants.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: POWERBANK Corp
(b)	Address of issuer's principal executive offices: 505 Consumers Road, Suite 803, Toronto, Ontario, Canada, M2J 4V8
Item 2.
(a)	Name of person filing: This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the common shares ("Common Shares"), of PowerBank Corp, an Ontario, Canada company (the "Issuer"), issuable upon exercise of warrants directly held by the Highbridge Funds. The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of the Reporting Person is 277 Park Avenue, 23rd Floor, New York, New York 10172.
(c)	Citizenship: Highbridge is a Delaware limited liability company.
(d)	Title of class of securities: Common Shares, without par value
(e)	CUSIP No.: 73933V100
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: The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 35,349,427 Common Shares outstanding as of June 6, 2025, as reported in Exhibit 99.3 to the Report of Foreign Private Issuer filed with the Securities and Exchange Commission on June 23, 2025, and assumes the exercise of the warrants held by the Highbridge Funds.
(b)	Percent of class: 6.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a). The Highbridge Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares reported herein. Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the Common Shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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.

HIGHBRIDGE CAPITAL MANAGEMENT, LLC

Signature:	/s/ Kirk Rule
Name/Title:	Kirk Rule, Executive Director
Date:	08/14/2025

FAQ

How many PowerBank Corp shares does Highbridge report owning (SUUN)?

Highbridge reports 2,394,367 common shares issuable upon exercise of warrants, representing 6.3% of the class.

What share count and date were used to calculate the 6.3% ownership?

The percentage is calculated using 35,349,427 common shares outstanding as of June 6, 2025, assuming exercise of the warrants.

Which Highbridge fund is identified as holding more than 5% of PowerBank shares?

Highbridge Tactical Credit Master Fund, L.P. is identified as having the right to receive dividends or sale proceeds for more than 5% of the class.

Did Highbridge state its intent to influence control of PowerBank Corp?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

Under what filing rule was this Schedule submitted?

The cover references filing under Rule 13d-1 categories; the form is a Schedule 13G/A (Amendment No. 1).