$13.68 Million USD Successfully Raised by PowerBank in At-The-Market Equity Offering

Executive Summary

• PowerBank Corporation raised gross proceeds of $13.68 million USD through its ATM equity program, selling 7,738,625 common shares.
• Net proceeds will be used to fund the company’s renewable energy development pipeline, strengthen balance sheet, support investor relations, ongoing operations and working capital.
• The financing is material‑positive as it provides significant liquidity for growth initiatives and reinforces the company’s financial position.

Key Details

• Offering Structure: At‑the‑market (ATM) equity offering under a prospectus supplement dated June 5 2025 to a short‑form base shelf prospectus dated May 7 2025.
• Shares Sold: 7,738,625 common shares.
• Gross Proceeds: Approximately $13.68 million USD.
• Use of Proceeds:
• Development of renewable energy projects (solar and battery storage).
• Strengthening balance sheet as an independent power producer.
• Investor‑relations expenditures.
• Ongoing operations and working capital requirements.
• CEO Comment: Dr. Richard Lu highlighted that the raise supports PowerBank’s growth trajectory, strategic vision, and its gigawatt‑scale development pipeline.
• Asset Base (as of Sep 30 2025): Approximately $138 million in assets.

Notable Quotes

“This successful capital raise helps support PowerBank's growth trajectory and strategic vision… The proceeds provide us with financing that has helped and will help advance our robust development pipeline…” – Dr. Richard Lu, President & CEO