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PowerBank Announces $841,555 USD NYSERDA Incentive for 3.1 MW Community Solar Project in Buffalo, New York

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Project expected to provide clean energy to the equivalent of approximately 388 homes annually

TORONTO, June 3, 2026 /PRNewswire/ – PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) (“PowerBank” or the “Company”), a leader in independent energy development and asset ownership in North America, is pleased to announce that its 3.1 MW NY-South Park community solar project (the “Project”) located on a closed landfill site in Buffalo, New York has been approved for $841,555 USD in incentives through the New York State Energy Research and Development Authority (“NYSERDA”) NY-Sun Program. The Project was most recently discussed in a permitting progress update shared here.

The Project is expected to qualify for up to an additional $730,234 USD in NYSERDA incentives through the NY-Sun Inclusive Community Solar Adder and the Retail Energy Storage Incentive Program, for a total of up to $1,571,789 USD in NYSERDA funding.

The NY-South Park project is expected to deliver enough clean energy to power the equivalent of approximately 388 homes annually. Once constructed and operational, following receipt of financing and required permits, the Project is expected to be operated as a community solar project. Community solar is a solar photovoltaic system interconnected directly to the local electricity grid via distribution lines. Once the system is placed into service by the utility and generating electricity, clean energy from the site feeds into the local power grid, enabling dozens or hundreds of renters, homeowners, and electricity customers to save money from the electricity generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that is generated by the project, accessing the benefits of solar without installing panels on their home.

The NY-Sun Program is a public-private partnership that aims to drive growth in the solar industry and make solar technology more affordable for all New Yorkers. Led by NYSERDA, the program provides incentives and financing to expand solar adoption for homes, businesses, and communities, while supporting local job creation and advancing the state’s clean energy goals.

PowerBank’s demonstrated ability to secure government incentives across its New York portfolio, including previously announced NYSERDA awards for the Elmira, Jordan Rd 1, Jordan Rd 2, and Geddes projects, reflects the institutional-grade development capabilities that underpin the Company’s broader strategic evolution. As announced on June 1, 2026, PowerBank has positioned AI compute infrastructure and modular data center development as a core strategic growth vertical alongside its solar and battery energy storage business. This new vertical is directly enabled by the Company’s growing portfolio of permitted, incentive-backed renewable energy sites across North America. PowerBank’s proven expertise in navigating state-level incentive programs, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, positions the Company to serve as a power solutions provider for the digital economy at a time of unprecedented electricity demand.

The Project advances New York’s path to 10 GW of solar by 2030. The State leads the United States in community solar capacity, having achieved the New York State Climate Act 6 GW solar goal in the fall of 2024.

There are several risks associated with the development of the Project. The development of any project is subject to receipt of a community solar contract, receipt of required permits, the availability of third-party financing arrangements for the Company, and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in the Project no longer being economic. The award is contingent on the Project’s continued qualification under SSFA or ICSA; NYSERDA reserves the right to rescind the full award in the event the Project no longer qualifies. Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the Project and statements made in this press release.

About PowerBank Corporation

PowerBank Corporation (NASDAQ: PBK | Cboe CA: PBK) is a vertically integrated and independent North American energy company helping to power the digital economy. The Company develops, builds, owns, and operates solar and battery energy storage systems that deliver reliable, resilient, and behind-the-meter power to the electricity grid, commercial and industrial clients, and municipal and residential off-takers. As AI and digital infrastructure drive unprecedented electricity demand, PowerBank is uniquely positioned to deliver the speed, scale, and energy independence that the next generation of power consumers requires, without waiting years for grid interconnection. The Company has a potential development pipeline of over one gigawatt and has developed energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.powerbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, “forward-looking ‎statements”) that relate to the Company’s current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will ‎continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ‎‎”projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this news release ‎contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the energy capacity of the Project; the number of homes expected to be powered by the Project; the Company’s plan to provide energy and battery storage solutions; potential revenues; and the size of the Company’s development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this news release should not be unduly relied upon. These ‎statements speak only as of the date of this news release.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; execution of definitive agreements for suitable solar or BESS sites; that power is available to be sufficient to support a modular data center; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Forward-‎Looking Statements” and “Risk ‎Factors” in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; failure to execute definitive agreements for suitable solar or BESS sites; power availability may not be sufficient to support a modular data center; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar Project exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this news release are expressly qualified in their entirety by ‎this cautionary statement.‎

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SOURCE PowerBank Corporation

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Australian Investors Want Innovation, But Structural Barriers are Holding Them Back, New Report Finds

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8 minutes ago

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June 10, 2026

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SYDNEY, June 10, 2026 /PRNewswire/ — Australian investors are very optimistic about innovation-led investments, with 9 in 10 reporting a moderate-to-high risk tolerance, according to a new report released today by Black Tie.

The Future of Funding & Innovation Report 2026-27 is Australia’s first dedicated report canvassing investor sentiment across funding and innovation. It draws on survey responses from 100 Australian investors and in-depth interviews with industry leaders.

The report’s findings paint a picture of a sophisticated, capital-ready investment community being held back by information gaps, regulatory friction, and limited access to quality deal flow with top barriers including a lack of reliable and transparent information (26%), high perceived risk (24%) and insufficient capital (19%).

Caroline Macdonald, Founder and CEO of Black Tie Holdings Group, says the findings revealed a critical disconnect at the heart of Australia’s investment and innovation landscape.

“Australian investors are ready to deploy capital into innovation right now. The appetite and risk tolerance is there, and the sectors are clear, with technology, health and biotech, clean energy, and FinTech top of mind. What’s missing is the infrastructure to connect investors with the right opportunities at the right time.”

“Digital marketplaces and tokenisation are a direct solution to this problem, as they reduce information asymmetry and broaden access to high-quality investment opportunities,” she adds.

The report highlights Australia’s underperformance in R&D relative to OECD peers as a structural concern. Despite a government R&D Tax Incentive program supporting approximately 14,000 companies annually at a cost of $4 billion, many eligible businesses remain unaware of their entitlements.

Marty Gauvin, Principal Advisor of R&D Certainty and one of the report’s featured industry experts, said the issue runs much deeper than awareness. “A comfortable life can lead to complacency. Businesses are often receiving very conservative advice and missing out on the government-led support that’s consistent with their goals. We need to elevate the R&D conversation at every level: government, business, and advisory,” he says.

The report also identifies tokenisation of real-world assets as one of the most significant opportunities for Australian investors and businesses in the near term, enabling fractional investment, secondary trading, and broader access to previously illiquid asset classes.

Karan Bhai, Vice President of Products and Delivery at Antier Solutions, explains: “Over the next three to five years, tokenisation will move from being a blockchain narrative to becoming a financial markets standard.”

The report calls on Australian investors, businesses, and government to close the gap between investor demand and quality investment opportunity to advance Australia’s innovation agenda. The Future of Funding & Innovation Report 2026-27 is available at https://blacktie.digital/industry-reports

About Black Tie

Black Tie Holdings is a Sydney-based digital capital markets business specialising in the tokenisation and management of real-world assets. Its Capital Markets Stack, comprising BT Asset Hub, BTX Markets, BTSmart, and BT Treasury, provides end-to-end infrastructure for innovation-led investment across property, resources, technology ventures, and digital infrastructure. Learn more at blacktie.digital.

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SOURCE Black Tie

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Rocket Companies Announces Upsizing and Pricing of Senior Notes due 2031 and Senior Notes due 2034

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8 minutes ago

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June 10, 2026

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DETROIT, June 9, 2026 /PRNewswire/ — Rocket Companies, Inc. (NYSE: RKT) (the “Company”), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today priced its previously announced private offering of $900,000,000 aggregate principal amount of 6.125% senior notes due 2031 and $600,000,000 aggregate principal amount of 6.500% senior notes due 2034 (collectively, the “Notes” and such offering, the “Offering”). The aggregate principal amount of the Notes to be issued was increased to $1.5 billion from the previously announced $1.2 billion.

The Notes will initially be fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by each of the Company’s direct and indirect domestic subsidiaries that are guarantors under the Company’s existing senior notes.

The Offering is expected to close on June 16, 2026, subject to certain customary conditions.

The Company intends to use the proceeds from the Offering to repay Rocket Mortgage, LLC’s 2.875% Senior Notes due 2026 (the “2026 Rocket Mortgage Notes”), Rocket Mortgage, LLC’s 5.250% Senior Notes due 2028 (the “2028 Rocket Mortgage Notes”) and certain other indebtedness of the Company and its subsidiaries.

The Company issued conditional notices of redemption for the entire outstanding principal amount of each of the 2026 Rocket Mortgage Notes and the 2028 Rocket Mortgage Notes to be redeemed on or about June 19, 2026 and July 9, 2026, respectively, at a redemption price equal to 100.0% of the principal amount of the applicable notes to be redeemed, plus accrued and unpaid interest to, but excluding, the applicable redemption date. Each redemption is conditioned on the closing of the Offering.

This press release does not constitute a notice of redemption with respect to the 2026 Rocket Mortgage Notes or the 2028 Rocket Mortgage Notes.

The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, to non-U.S. investors pursuant to Regulation S. The Notes and related guarantees will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or in a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts, including statements regarding the Offering, our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management and expected market growth are forward-looking statements. As you read this press release, you should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions, including those described under the heading “Risk Factors” in our Annual Report on the Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026, and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, submitted to the SEC on May 11, 2026. Although we believe that these forward-looking statements are based upon reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release. We expressly disclaim any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this press release.

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SOURCE Rocket Companies, Inc.

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Teen-Founded Nonprofit Busy Buzzy Bots Reaches 11,000+ Kids Through STEM Education–and It Is Just Getting Started

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1 hour ago

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June 9, 2026

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Sparking curiosity among underprivileged students through hands-on STEM education.

SAN FRANCISCO, June 9, 2026 /PRNewswire/ — STEM education has become an increasingly important part of today’s world, but for many students, it still feels distant, overly academic, or inaccessible. Without opportunities to build, experiment, and explore hands-on projects, many underserved children never develop an interest in science and technology. Youth-led nonprofit Busy Buzzy Bots (BBB) was created to help spark that curiosity.

Addressing Community Needs With BBB

During the COVID-19 pandemic in 2020, Bay Area students Saahithi Madhuvarsu and Saaketh Madhuvarsu identified a gap in STEM accessibility affecting underserved K-12 students. While still students themselves, the siblings helped establish Busy Buzzy Bots to provide more direct access to STEM education opportunities for children in under-resourced communities.

“BBB addresses this through hands-on community workshops, affordable STEM kits, and a volunteer network that helps bring STEM learning directly to underserved students,” Saahithi stated.

An Organization Dedicated to STEM Accessibility

Busy Buzzy Bots is led by young founders who believe students become excited about STEM when they are allowed to create firsthand. Saahithi and Saaketh developed the organization to make STEM learning more engaging and accessible for students who may not otherwise have exposure to robotics kits or coding programs.

The nonprofit operates primarily through volunteer support, allowing donations and resources to remain focused on student programming. Through workshops, mentorship initiatives, STEM kits, and coding activities, BBB works directly with students and educators in underserved communities.

Measurable Impact in the San Francisco Bay Area

Busy Buzzy Bots has grown from a student-led initiative into a STEM nonprofit with measurable community impact across the San Francisco Bay Area. To date, BBB reports that it has directly helped more than 7,500 underprivileged children, distributed 800+ STEM kits, and conducted more than 55 workshops and community events focused on hands-on STEM learning.

In addition to STEM kits, BBB organizes coding camps and interactive workshops intended to introduce students to practical STEM applications in an accessible setting. The organization states that these initiatives are designed to help students build familiarity with coding, engineering concepts, and problem-solving skills through direct participation.

“Over the years,” Michael Wittner wrote for Patch, “Busy Buzzy Bots has developed and distributed DIY STEAM kits that teach children essential science and engineering skills through fun and creative projects. From building small robots to experimenting with electric circuits, these kits are designed to spark curiosity.”

Awards and Accolades

For its contributions in the nonprofit space, BBB has received recognition for its work. Most notably, the organization was acknowledged as a Top-Rated nonprofit by GreatNonprofits in 2024. BBB has also been invited to exhibit at Maker Faire for four consecutive years and was recently recognized among the event’s frequent exhibitors, a nod to its growing presence in youth-led STEM education initiatives. These milestones reflect BBB’s momentum within the San Francisco Bay Area and its continued impact in STEM education.

BBB has also received multiple awards at children’s business fairs and community events for originality, creativity, and community impact. These milestones reflect BBB’s momentum within the San Francisco Bay Area and its continued impact in STEM education.

Saaketh states that community volunteers continue to play an important role in helping expand workshops, distribute STEM kits, and mentor students participating in BBB programming.

Ambition for the Future

As Saahithi Madhuvarsu and Saaketh Madhuvarsu continue growing Busy Buzzy Bots, the organization plans to expand its reach through additional workshops, coding camps, STEM kits, volunteer engagement, and community partnerships across underserved communities.

BBB states that its long-term goal is to help reach 10,000 underserved students by 2030 through continued growth in coding camps, STEM kit distribution, workshops, and community partnerships. Through these initiatives, the organization aims to increase access to STEM education for students who may otherwise face barriers to participation.

Media Contact:
Busy Buzzy Bots
Vidya Madhuvarsu
busybuzzybots@gmail.com
San Francisco, CA

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