PowerBank Closes U.S.$4.2 Million Strategic Investment from New Institutional Investors to Advance U.S. Federal Projects

PowerBank Corporation has successfully completed a registered direct offering, raising $4.2 million through the sale of 7,000,000 common shares. The transaction, announced on July 1, 2026, involved two new long-term institutional investors and was facilitated by A.G.P./Alliance Global Partners, which served as the sole placement agent. The funds from this offering will be allocated towards the expansion of PowerBank's independent power producer (IPP) project portfolio, as well as for working capital and general corporate purposes.

PowerBank Corporation, listed on NASDAQ under the symbol PBK, is a prominent player in the North American energy sector, focusing on the development, ownership, and operation of solar and battery energy storage systems. The company is strategically positioned to meet the growing demand for reliable power solutions driven by the digital economy. With a development pipeline exceeding one gigawatt and a track record of delivering over 100 megawatts of energy projects, PowerBank aims to provide efficient and resilient energy solutions to a diverse range of clients, including commercial, industrial, municipal, and residential users.

The decision to raise capital through this direct offering aligns with PowerBank's strategic objectives to enhance its project portfolio and operational capabilities. As the demand for electricity surges, particularly in relation to artificial intelligence and digital infrastructure, PowerBank's focus on rapid deployment and energy independence is increasingly relevant. The funds raised will enable the company to expedite its project timelines and improve its competitive positioning within the sector.

The broader energy market is experiencing significant transformation, driven by technological advancements and a shift towards sustainable energy solutions. Companies like PowerBank are at the forefront of this transition, capitalizing on the growing need for clean and reliable energy sources. The successful completion of this offering not only strengthens PowerBank's financial position but also reflects investor confidence in the company's growth trajectory and its ability to navigate the evolving energy landscape.

Looking ahead, the implications of this fundraising extend beyond PowerBank itself, signaling a robust interest in the renewable energy sector. As institutional investors increasingly seek opportunities in sustainable energy, companies that demonstrate strong project pipelines and innovative solutions are likely to attract further investment. PowerBank's recent capital raise positions it well to capitalize on these trends, potentially leading to accelerated growth and enhanced market share in the independent energy development space.