IPO - SolarBank Corp

Form Type: F-10

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: New

Accession Number: 000164117225009233

Filing Summary: SolarBank Corporation has filed a registration statement under the Securities Act of 1933, which includes a public offering of various securities, including common shares, debt securities, warrants, subscription receipts, share purchase contracts, and units, with an aggregate initial offering price of C$200,000,000. The offering is intended to commence from time to time after the registration statement becomes effective. This registration is under the multijurisdictional disclosure system (MJDS) applicable in Canada and the US, allowing for different regulatory disclosures. The common shares are listed on both Cboe Canada and Nasdaq, trading under symbols 'SUNN' and 'SUUN' respectively. The document outlines the sales mechanism for the securities, the pricing strategies, and the requirements for supplements to the prospectus for specific offerings. It indicates that the company aims to engage in multiple sales over a 25-month period. The registration statement will replace an earlier document from May 2, 2023, and may involve various terms regarding the issuance of securities and their compliance in different jurisdictions. Furthermore, the company underscores the risks involved in these offerings and the difficulties in enforcing civil liabilities due to the company being based in Canada.