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SolarBank Receives Conditional Approval to List on Cboe Canada

Press Release

Toronto, Ontario, January 31, 2024 — SolarBank Corporation  is pleased to announce that it has received conditional approval to list its common shares (the “Shares“) on the Cboe Canada stock exchange.

Upon listing the Shares on Cboe Canada, the Company plans to delist the Shares from the Canadian Securities Exchange (the “CSE“). The transition to Cboe Canada does not require the Company to recapitalize or undertake any corporate restructuring. The Shares will continue trading in Canada on Cboe Canada under the same symbol “SUNN”. Trading of the Company’s securities is not expected to be disrupted in any way and current shareholders do not need to take any action.

Final approval of the listing of the Shares on Cboe Canada is subject to the Company fulfilling customary conditions prescribed by Cboe Canada, and the delisting from the CSE is subject to the approval of the CSE. A further news release outlining the transition will be announced once the Company receives final approval from Cboe Canada.

Launched in 2015 as the NEO Exchange, and acquired by Cboe Global Markets in 2022, Cboe Canada is the third most active marketplace in Canada, consistently representing close to 15% of all volume traded in Canadian-listed securities. Cboe Canada offers a marketplace that is home to over 260 unique public listings, including public companies, Exchange Traded Funds (ETFs), Canadian Depositary Receipts™ (CDRs), Special Purpose Acquisition Companies (SPACs), and Closed-End Funds (CEFs). Cboe Canada-listed securities market data is available to all investors in real-time. Cboe’s equities markets are among the most liquid in the world. In North America, Cboe’s U.S. and Canadian equities trading venues handle over $67 billion combined in average daily notional value (ADNV).

About SolarBank Corporation

SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading solar markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clear energy projects with a combined capacity of over 70 megawatts built. To learn more about SolarBank, please visit www.solarbankcorp.com.

For further information, please contact:

SolarBank Corporation
Tracy Zheng
Email: tracy.zheng@solarbankcorp.com
Phone: 416.494.9559

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