PowerBank Shareholders Approve Share Consolidation at Toronto AGM
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.
Shareholders let the board set the share consolidation ratio
The resolution amends the company's articles to allow the consolidation on a ratio the board will fix, as set out in the circular. The release does not disclose the ratio, an effective date or vote tallies for the resolution.