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Solarbank Corp. ( (TSE:SUNN) ) has shared an update.
SolarBank Corporation, a company involved in the renewable energy sector, has announced the renewal of its at-the-market equity program following the expiration of its previous short form base shelf prospectus. The company has entered into an equity distribution agreement with several agents to facilitate this program, allowing it to issue and sell common shares up to an aggregate offering price of US$15 million. The proceeds from these sales, if any, will be used to advance business objectives and for general corporate purposes, including funding operations, repaying debt, and potential acquisitions. This strategic move is expected to provide SolarBank with financial flexibility to support its growth and operational needs.
The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Solarbank Corp. stock, see the TSE:SUNN Stock Forecast page.
More about Solarbank Corp.
Average Trading Volume: 4,667
Technical Sentiment Signal: Buy
Current Market Cap: C$260.9M
For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.