Highbridge Capital Management amended a Schedule 13G to report beneficial ownership of 2,394,367 Common Shares of POWERBANK Corp, representing 4.9% of the class assuming exercise of warrants.
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Highbridge Capital Management amended a Schedule 13G to report beneficial ownership of 2,394,367 Common Shares of POWERBANK Corp, representing 4.9% of the class assuming exercise of warrants. The percentage is calculated using 46,568,399 Common Shares outstanding as of February 16, 2026. The filing states the reported shares are issuable upon exercise of warrants held directly by the Highbridge Funds and that the Highbridge Funds have the right to receive dividends or sale proceeds. The statement is signed by Kirk Rule on May 15, 2026.
Insights
Highbridge reports a sub-5% warrant-derived stake in POWERBANK.
The filing lists 2,394,367 Common Shares as beneficially owned assuming exercise of warrants, and cites 46,568,399 shares outstanding as of February 16, 2026. This positions Highbridge below the 5% reporting threshold on an outright basis but at 4.9% when warrants are included.
Cash-flow treatment and exercise timing are not disclosed in the excerpt; subsequent filings or issuer disclosures would specify if and when exercise occurs.
Filing clarifies voting and dispositive powers tied to warrants.
The cover rows show sole voting power and sole dispositive power of 2,394,367 shares for the Reporting Person, attributed to warrants held by the Highbridge Funds. The filing includes the required Section 13 notice language about beneficial ownership assumptions.
Because the reported interest is derived from exercisable warrants, the economic and voting effects depend on whether warrants are exercised; the excerpt does not provide exercise terms or timing.
Key Figures
Reported shares beneficially owned:2,394,367 sharesPercent of class:4.9%Shares outstanding used:46,568,399 shares+2 more
5 metrics
Reported shares beneficially owned2,394,367 sharesAmount issuable upon exercise of warrants held by Highbridge Funds
Percent of class4.9%Calculated assuming exercise of warrants
Shares outstanding used46,568,399 sharesOutstanding as of <date>February 16, 2026</date>
CUSIP73933V100POWERBANK Corp Common Shares
Filing signature dateMay 15, 2026Signed by Kirk Rule, Executive Director
Key Terms
warrants, beneficially owned, Schedule 13G/A
3 terms
warrantsfinancial
"issuable upon exercise of warrants held by the Highbridge Funds"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
beneficially ownedregulatory
"Amount beneficially owned: The information required by Item 4(a)"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Schedule 13G/Aregulatory
"This statement is filed by Highbridge Capital Management, LLC"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Highbridge report in POWERBANK (SUUN)?
Highbridge reports beneficial ownership of 2,394,367 shares, equal to 4.9% of the class when warrants are assumed exercised, based on 46,568,399 shares outstanding as of February 16, 2026.
Are the reported POWERBANK shares actual holdings or exercisable warrants?
The filing states the shares are issuable upon exercise of warrants held by the Highbridge Funds. It treats those warrant-derived shares as the basis for the 4.9% calculation.
Does Highbridge have voting and dispositive power over these shares?
Yes; the cover rows report sole voting power and sole dispositive power for 2,394,367 shares, as shown in the reporting person's Item 4 cross-references.
What outstanding share count does the filing use for its percentage?
The percentage is calculated using 46,568,399 Common Shares outstanding as of February 16, 2026, cited from the issuer's voluntary supplemental material filed on February 18, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
POWERBANK Corp
(Name of Issuer)
Common Shares, without par value
(Title of Class of Securities)
73933V100
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
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)
4.9 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: Reflects shares of Common Stock (as defined in Item 2(a)) 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 M2J 4Z2, Canada
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, without par value ("Common Shares") of POWERBANK Corp, an Ontario, Canada corporation (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 390 Madison Avenue, 28th Floor, New York, NY 10017.
(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 46,568,399 Common Shares outstanding as of February 16, 2026, as reported in the Issuer's Voluntary Supplemental Material by Foreign Issuers under Section 11(a) with the Securities and Exchange Commission on February 18, 2026, and assumes the exercise of the warrants held by the Highbridge Funds.
(b)
Percent of class:
4.9%
(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.
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.
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.
