SolarBank Corp. Files C$200 Million Shelf Prospectus to Fund Future Growth
May 9th, 2025 1:15 PM
By: Advos Staff Reporter
SolarBank Corporation has filed a new shelf prospectus allowing it to raise up to C$200 million in securities over the next 25 months, providing financial flexibility for its renewable energy project development across North America.

SolarBank Corporation (NASDAQ: SUUN, CSE: SUNN) has filed a final short form base shelf prospectus with Canadian securities regulators, enabling the company to potentially raise up to C$200 million in securities over the next 25 months. The prospectus covers a range of financial instruments, including common shares, debt instruments, warrants, and units.
The new prospectus replaces the company's previous version, which was set to expire in June 2025. A corresponding Form F-10 registration has been filed with the U.S. Securities and Exchange Commission, though it is not yet effective. The potential capital raise demonstrates SolarBank's strategic approach to funding its ongoing renewable energy project development.
Proceeds from any future securities offerings could be used for multiple purposes, including business development, working capital, debt repayment, and capital programs. SolarBank currently has a development pipeline of over one gigawatt and has already developed renewable and clean energy projects with a combined capacity exceeding 100 megawatts.
The company focuses on distributed and community solar projects across Canada and the United States, developing solar, Battery Energy Storage System (BESS), and electric vehicle charging infrastructure. By offering electricity to utilities, commercial, industrial, municipal, and residential customers, SolarBank is positioning itself as a key player in the expanding renewable energy market.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
