SolarBank Renews At-The-Market Equity Program

Core Viewpoint - SolarBank Corporation is renewing its at-the-market equity program to raise up to US$15 million for business objectives and general corporate purposes following the expiration of its previous prospectus [1][2]. Group 1: ATM Program Details - The ATM Program allows the company to issue common shares with an aggregate offering price of up to US$15 million, which will be sold at prevailing market prices through designated agents [2][3]. - The company is not obligated to sell any shares under the ATM Program, and the timing and number of shares sold will depend on various factors [1][3]. Group 2: Use of Proceeds - The net proceeds from any sales under the ATM Program will be used for advancing business objectives, funding ongoing operations, repaying debt, discretionary capital programs, and potential future acquisitions [2]. Group 3: Distribution Agreement - The company has entered into a distribution agreement with H.C. Wainwright & Co., LLC and Research Capital Corporation, which includes a commission of up to 3.0% on gross offering proceeds from each sale [4]. - The distribution will occur in compliance with Canadian and U.S. securities regulations [5]. Group 4: Company Overview - SolarBank Corporation focuses on renewable and clean energy project development, particularly in distributed and community solar projects across Canada and the USA [8]. - The company has a development pipeline exceeding one gigawatt and has completed projects with a combined capacity of over 100 megawatts [8].