TORONTO – October 31, 2026 -- PowerBank Corporation (NASDAQ: PBK) shareholders approved a special resolution to consolidate the company's issued and outstanding shares at the annual general meeting held in Toronto on October 29, 2026, with the ratio to be determined by the directors.

All nominees listed in the management information circular dated September 23, 2026 were elected as directors. Shareholders also voted to appoint Deloitte LLP as auditors.