PowerBank Corporation

TORONTO – November 03, 2026 -- PowerBank Corporation's 3.26 MW Camillus community solar project in New York has received permission to operate, a key step toward bringing it into service. The project was sold to and built for Solar Advocate Development LLC in a transaction valued at US$7.3 million.

PowerBank builds Camillus on a closed landfill

Camillus is a ground-mount project developed on a closed landfill, converting previously underutilized land into a renewable energy site serving local households. PowerBank (Nasdaq: PBK) developed the project, and Solar Advocate Development LLC is the owner.

President and Chief Operating Officer Andrew van Doorn said engineers and construction partners turned a site "most people would write off" into a source of clean power for local households.

TORONTO – October 31, 2026 -- PowerBank Corporation (NASDAQ: PBK) shareholders approved a special resolution to consolidate the company's issued and outstanding shares at the annual general meeting held in Toronto on October 29, 2026, with the ratio to be determined by the directors.

All nominees listed in the management information circular dated September 23, 2026 were elected as directors. Shareholders also voted to appoint Deloitte LLP as auditors.

Shareholders let the board set the share consolidation ratio

The resolution amends the company's articles to allow the consolidation on a ratio the board will fix, as set out in the circular. The release does not disclose the ratio, an effective date or vote tallies for the resolution.

Toronto – September 29, 2026 -- PowerBank Corporation (NASDAQ: PBK) posted a 34.7% gross margin for fiscal year 2026, up from 25.3% a year earlier, as the renewable energy developer shifted from selling projects to retaining ownership of its power portfolio.

Revenue fell to $27.4 million but profitability metrics improved sharply

Revenue for the twelve months ended June 30, 2026 dropped to $27.4 million from $41.5 million in FY2025, reflecting the Company's pivot away from development-and-EPC sales toward long-term asset ownership. Despite the top-line decline, gross profit reached $9.5 million versus $10.5 million a year prior. Net loss narrowed to $24.3 million, or $(0.58) per basic share, from $31.1 million, or $(0.97) per share, in FY2025. Adjusted EBITDA fell to a loss of $3.5 million from a loss of $0.8 million, driven by lower development and EPC revenue alongside higher operating expenses.