TORONTO, June 30, 2026 /PRNewswire/ – PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) (“PowerBank” or the “Company”), a leader in independent energy development and asset ownership in North America, today announced that it has entered into securities purchase agreements with two new long term institutional investors for the purchase and sale of 7,000,000 common shares in a registered direct offering (the “Offering“). The gross proceeds from the Offering are expected to be approximately $4.2 million, before deducting placement agent fees and other estimated Offering expenses.

The closing of the Offering is expected to occur on or about July 1, 2026, subject…