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, 2025TORONTO, June 5, 2025 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that following the filing of its new short form base shelf prospectus, it is proceeding with a renewal of its at-the-market equity program (the "ATM Program"). The Company is requi ...

Core Insights - SolarBank Corporation is implementing a Bitcoin treasury strategy by allocating net cash from its Geddes Solar Power Project to acquire Bitcoin, positioning itself as a pioneer in the renewable energy sector adopting this strategy [1][4][7] - The Geddes Project has a designed capacity of 3.79 megawatts (MW) DC and is repurposing a closed landfill, addressing clean energy needs and transforming contaminated sites [3][8] - The company has a development pipeline exceeding 1 gigawatt, indicating significant growth potential beyond its current operational capacity of over 32 MW [3][10] Company Strategy - The Bitcoin treasury strategy will be evaluated for extension to other solar and battery energy storage projects, enhancing the company's asset base as an independent power producer [2] - The allocation strategy for Bitcoin purchases will depend on net cash generated after operational costs and market conditions, with no Bitcoin purchases made as of the announcement date [5][8] Market Position - SolarBank is among the first renewable energy companies to adopt a Bitcoin treasury strategy, joining other corporations in this innovative approach [7] - The company is capitalizing on growing institutional adoption of Bitcoin and increasing demand for distributed solar and battery storage solutions [9] Financial Model - The Geddes Project is expected to generate revenue starting in June 2025, with a portion of net revenue allocated to Bitcoin purchases based on market conditions [3][8] - This model creates dual value streams: stable energy revenue and digital asset holdings, enhancing the company's financial resilience [8]

Core Viewpoint - SolarBank Corporation is adopting a treasury strategy that integrates Bitcoin as a strategic reserve asset, inspired by successful models from other companies, aiming to leverage the growing adoption of Bitcoin while maintaining its primary focus on renewable energy development [1][2]. Company Strategy - The company has filed an application with Coinbase Prime for secure custody and management of its Bitcoin holdings, which is expected to provide financial resilience against currency debasement and inflation [1][3]. - SolarBank's primary business remains as a renewable energy developer and power producer, with a significant pipeline of over 1 GW in development across North America [2]. Financial Partnerships and Projects - SolarBank has established a $100 million community solar financing partnership with CIM Group, targeting 97 MW of renewable power projects in the USA [4]. - The company has also engaged in a $49.5 million transaction with Qcells to deploy community solar power plants using "Made-in-USA" solar panels [4]. - Additionally, a $41 million clean energy partnership with Honeywell aims to repurpose closed landfill sites for community solar farms [4]. - A $25 million credit facility from Royal Bank of Canada is intended to support SolarBank's battery energy storage system (BESS) project portfolio [4]. Market Position and Growth - SolarBank is positioned as a first-mover in blending clean energy with decentralized finance (DeFi) and Web3, appealing to tech-savvy investors and capitalizing on the growth of the renewable energy sector [4]. - The company generates recurring revenue through long-term Power Purchase Agreements (PPAs) with utilities and partners, enhancing its financial stability [2].

TORONTO, May 8, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that it has filed a final short form base shelf prospectus (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces of Canada. The Shelf Prospectus replaces the Company's prior final short form base shelf prospectus dated May 2, 2023 which would have expired in June 2025. A corresponding shelf registration statement on Form F-1 ...

850 Homes Expected to be Powered by this Community Solar Project Solar Simplified handles all customer-facing activities for the Company's community solar projects, allowing it to focus on developing and expanding its renewable energy portfolio. Solar Simplified's expertise in acquisition, enrollment, and management ensures full project subscription and maximized revenue from day one. With a business model that aligns seamlessly with the Company's, this partnership drives sustainable growth, enabling the Co ...

Core Viewpoint - SolarBank Corporation has refiled its Audited Consolidated Annual Financial Statements for the year ended June 30, 2024, to include the report of its predecessor independent auditor, MSLL CPA LLP, as requested by the Ontario Securities Commission Staff [1]. Group 1 - The refiled financial statements were initially filed on September 30, 2024, and no other changes were made to the 2024 Financial Statements [1]. - The refiling is part of a prospectus review process [1].

TORONTO, April 9, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it has retained Martone Advisors LLC and its principal, Jonathan Martone, as an advisor to the Company on its previously disclosed planned expansion into the data center market. Mr. Martone has held various leadership roles in the data center and telecommunications industries for over 25 years. Throughout his career, Martone has been instrumental in ...

850 Homes Expected to be Powered by this Community Solar ProjectTORONTO, March 27, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 7.2 MW DC ground-mount solar power project known as the Hoadley Hill Rd project (the "Project") on a site located in upstate New York. With a secured site lease and interconnection approval requested, the Project is another key addition to SolarBank's expanding develo ...

Core Viewpoint - SolarBank Corporation has successfully closed a registered direct offering with a single institutional investor, raising approximately US$8.5 million to advance its renewable energy projects and for general corporate purposes [1][2]. Group 1: Offering Details - The offering involved the sale of 2,394,367 common shares and warrants at a combined price of US$3.55 per share, with warrants exercisable at US$4.45 per share for five years [1]. - The total gross proceeds from the offering are approximately US$8.5 million, with the potential for an additional US$10.65 million if all warrants are exercised [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance independent power producer assets, including battery energy storage system (BESS) projects and a community solar project in New York, as well as for working capital and other corporate purposes [2]. Group 3: Company Overview - SolarBank Corporation is focused on developing and owning renewable and clean energy projects, particularly in distributed and community solar sectors in Canada and the USA [6]. - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [6].

Core Viewpoint - SolarBank Corporation has entered into a definitive agreement for a registered direct offering, aiming to raise approximately US$8.5 million through the sale of common shares and warrants, with potential additional funding from warrant exercises [1][2]. Group 1: Offering Details - The offering includes 2,394,367 common shares and warrants at a combined purchase price of US$3.55 per share and warrant, with warrants exercisable at US$4.45 per share for five years [1]. - The total gross proceeds from the offering are expected to be around US$8.5 million before fees and expenses, with an additional potential of US$10.65 million from the exercise of warrants [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance independent power producer assets, including battery energy storage system projects and a community solar project in New York, as well as for working capital and general corporate purposes [2]. Group 3: Regulatory and Filing Information - The offering is being conducted under the Company's short form base shelf prospectus and corresponding registration statement filed with the U.S. SEC and Canadian securities regulatory authorities [3]. - A prospectus supplement will be filed on a non-offering basis with applicable securities regulatory authorities in Canada and with the SEC [3]. Group 4: Company Overview - SolarBank Corporation is focused on developing and owning renewable and clean energy projects, particularly in distributed and community solar sectors in Canada and the USA [6]. - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [6].