SolarBank Announces Listing on Nasdaq Global Market

SolarBank Corporation (Cboe CA: SUNN) (OTC: SUUNF) (FSE: GY2) ("SolarBank" or the "Company") is ‎pleased to announce the Company's common shares have been approved for trading on the Nasdaq Global Market ("Nasdaq") with an anticipated opening of trading on Monday, April 8, 2024. The Company's common shares will trade under the symbol "SUUN." The Company's common shares will continue to trade on the Cboe Canada Exchange under the symbol "SUNN".

The Nasdaq Stock Market has three distinctive tiers: The Nasdaq Global Select Market®, The Nasdaq Global Market® and The Nasdaq Capital Market®. Applicants must satisfy certain financial, liquidity and corporate governance requirements to be approved for listing on any of these market tiers. SolarBank has qualified under the Nasdaq Global Market® tier, which has the second highest eligibility requirements.

Dr. Richard Lu, President and CEO of SolarBank, commented, "This Nasdaq listing is a major validation of SolarBank as a company and its recent performance. Nasdaq Global Market has very high standards that SolarBank has achieved. As SolarBank's operations are primarily focused in the United States, it makes sense for SolarBank to trade in the U.S. as an SEC registered company, and we believe this move will enhance our visibility in the marketplace, expose our company to a larger audience of investors and ultimately increase liquidity and shareholder value."

In conjunction with the listing, the Company has filed a Form 40-F Registration Statement with the United States Securities and Exchange Commission (the "SEC").  The SEC must declare this Registration Statement effective prior to anticipated trading date, and the Company expects this to occur in the next one or two days.

SolarBank Corporation | www.solarbankcorp.com