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PowerBank Completes C$25.4M Project-Level Refinancing; Expected To Release ~C$5M In Net Cash
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Refinancing across 53 operating solar projects expected to release approximately CA$5.0 million in net cash to PowerBank

Consolidates 50 credit agreements into one facility with a major Canadian bank, with lower scheduled debt payments, banking fees and administrative costs expected

PowerBank to bring operations and maintenance of 49 solar projects in-house, supporting lower operating costs and greater operational control

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 5, 2025 to its short form base shelf prospectus dated May 7, 2025

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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