1. PowerBank shareholders elected all proposed directors at the 2025 AGM. 2. Dr. Richard Lu received 99.83% of the votes in favor. 3. Deloitte LLP was reappointed as the company's auditors. 4. The meeting reaffirmed shareholder confidence in PowerBank's leadership. 5. Nominees' approvals suggest strong market support for PowerBank.
FAQ
Why Bullish?
The significant electoral support for directors typically correlates with positive market sentiment. Historically, strong board endorsement has led to price appreciation in firms such as Tesla and Amazon.
How important is it?
Shareholder votes indicate stability and confidence which are critical for investor sentiment and stock support.
Why Short Term?
The effect of leadership changes and shareholder support can impact stock price quickly, often within weeks. Similar past events have shown immediate positive price reactions.
TORONTO, Dec. 12, 2025 /PRNewswire/ - PowerBank Corporation (NASDAQ:SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, reports that the nominees listed in the management information circular for the 2025 Annual General Meeting of shareholders (the "Meeting") were elected as directors of PowerBank. Detailed results of the vote for the election of directors held at the Annual General Meeting on December 11, 2025 in Toronto, Ontario, are set out below:
Votes for | % Votes for | Votes withheld | % Votes withheld | |
Dr. Richard Lu | 7,335,605 | 99.83 % | 12,335 | 0.17 % |
Matthew Wayrynen | 7,293,986 | 99.27 % | 53,954 | 0.73 % |
Paul Pasalic | 7,327,686 | 99.72 % | 20,254 | 0.28 % |
Paul Sparkes | 7,312,633 | 99.52 % | 35,307 | 0.48 % |
Chelsea Nickles | 7,330,725 | 99.77 % | 17,215 | 0.23 % |
Shareholders at the Meeting also voted in favour of appointing Deloitte LLP as auditors.
About PowerBank Corporation
To learn more about PowerBank, please visit www.powerbankcorp.com.
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SOURCE PowerBank Corporation