Dr. Richard Lu reports

$13.68 MILLION USD SUCCESSFULLY RAISED BY POWERBANK IN AT-THE-MARKET EQUITY OFFERING

Powerbank Corp. has raised gross proceeds of $13.68-million (U.S.) through the offering of common shares under its previously announced at-the-market (ATM) offering program pursuant to a prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.

Through the ATM, Powerbank has sold 7,738,625 shares for gross proceeds of approximately $13.68-million (U.S.). The net proceeds raised have been or will be deployed to support the development of the company's expanding portfolio of renewable energy projects, to strengthen its position as an independent power producer, for investor relations expenditures, for continuing operations, and for working capital requirements.

Dr. Richard Lu, president and chief executive officer, commented: "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, focused on solar and battery energy storage, while strengthening our balance sheet. As we expand our owned asset portfolio and establish ourselves as a growing independent power producer, we remain committed to delivering value to our shareholders while advancing the clean energy transition. As of Sept. 30, 2025, Powerbank has approximately $138-million in assets.

With a development pipeline exceeding one gigawatt and a record of successfully developing over 100 megawatts of renewable energy capacity, Powerbank continues to build on its momentum in the distributed and community solar sectors across key North American markets.

About Powerbank Corp.

Powerbank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar and virtual net metering projects. The company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

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