• PBK is trading 5.1% down at $0.66 in after-hours trading, following the announcement of a registered direct offering.
  • PowerBank Corporation entered into agreements with two institutional investors for the purchase and sale of 7,000,000 common shares, expected to raise approximately $4.2 million in gross proceeds.
  • The company intends to use the net proceeds to deliver its independent power producer project portfolio, for working capital, and general corporate purposes, including advancing U.S. Federal government projects.