SCHEDULE: Goldman Sachs Discloses Minor Stake in POWERBANK Corp

Goldman Sachs Group and its subsidiary Goldman Sachs & Co. LLC reported a 0.0% beneficial ownership in POWERBANK Corp common shares as of June 30, 2025.

Summary

• The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in POWERBANK Corp.
• As of June 30, 2025, the reporting persons beneficially owned an aggregate of 6,187 common shares of POWERBANK Corp.
• This ownership represents 0.0% of the class of POWERBANK Corp's common shares.
• The shares are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing control of the issuer.
• Goldman Sachs & Co. LLC, a registered broker-dealer and investment adviser, is the subsidiary through which the shares are held.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing a negligible passive ownership stake, providing no positive or negative insights into the issuer's performance or future prospects.

Positives

• The filing indicates that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of POWERBANK Corp, suggesting a passive investment.

Negatives

• The beneficial ownership of 0.0% is a negligible stake, indicating no significant investment or strategic interest from Goldman Sachs in POWERBANK Corp.

Risks

• No specific risks related to POWERBANK Corp's operations or financial health are disclosed in this filing, as it pertains solely to beneficial ownership reporting.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding POWERBANK Corp's future performance or Goldman Sachs' future investment intentions beyond the statement that shares are held in the ordinary course of business.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This Schedule 13G filing is a routine disclosure by a major financial institution, Goldman Sachs, indicating a minimal, non-controlling stake in POWERBANK Corp. Such filings are common for large investment firms that hold positions in various public companies as part of their diversified investment and trading activities, rather than for strategic control.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, which is a common regulatory disclosure for institutional investors.
• The 0.0% ownership stake is extremely small, indicating it is likely part of routine trading or client-related activities rather than a significant investment position, unlike substantial stakes (e.g., >5%) that would trigger more detailed 13D filings and suggest activist or strategic intent.
• For comparison, major institutional investors often hold significant, reportable stakes (e.g., BlackRock, Vanguard, State Street) in thousands of companies, typically ranging from 1% to 10% or more, which are reported on Schedule 13G if passive, or 13D if active. Goldman Sachs' stake here is negligible even by these standards.

Stakeholder Impact

• Shareholders: Minimal to no direct impact due to the negligible ownership stake and passive nature of the holding.
• Management: No direct impact on management or strategic direction as the holding is non-controlling.

Next Steps

• The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC will continue to file amendments to Schedule 13G if their beneficial ownership percentage changes significantly (e.g., crosses 1% or 5% thresholds, or if their intent changes).

Key Dates

Keywords

POWERBANK Corp, Goldman Sachs, Schedule 13G, Beneficial Ownership, Common Shares, SEC Filing, Institutional Ownership