SolarBank Corporation announced on May 8, 2025, that it has filed a final short form base shelf prospectus with Canadian securities regulatory authorities. This new Shelf Prospectus replaces the company's previous one, which was set to expire in June 2025.
The Shelf Prospectus enables SolarBank to make offerings of up to C$200 million in common shares, debt securities, warrants, subscription receipts, units, and share purchase contracts over a 25-month period. The specific terms of any future financings will be determined by market conditions and detailed in accompanying prospectus supplements.
The net proceeds from any sales of securities under this program are intended for advancing the company's business objectives, general corporate purposes, funding ongoing operations or working capital, repaying indebtedness, discretionary capital programs, and potential future acquisitions. A corresponding shelf registration statement has also been filed with the U.S. Securities and Exchange Commission.
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