Global Power Solutions Corp. — Capital/Financing Update 2026

Apr 22, 2026

This is the form of material change report required under Section 85(1) of the Securities Act.

BC FORM 51-102F3
(Securities Act)
Securities Act
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT

Item 1. Reporting Issuer
Global Power Solutions Corp.
1498 West 5th Avenue
Vancouver, BC V6H 4G3

Item 2. Date of Material Change
April 21, 2026

Item 3. Press Release
April 21, 2026 at Vancouver, BC, Canada.

Item 4. Summary of Material Change
Global Power Solutions Corp. announces a non-brokered private placement of up to 4,000,000 units (the "Units") of the Company at a price of $0.25 per Unit for gross proceeds of up to $1,000,000 (the "Private Placement").

Item 5. Full Description of Material Change
Please see attached press release.

Item 6. Reliance on Section 85(2) of the Act
N/A

Item 7. Omitted Information
None

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Item 8. Senior Officers/Directors

The following senior officers/directors of the Issuer are knowledgeable about the material change and may be contacted by the Commission at the address and telephone number:

Haneef Esmail
CFO, Director and Corporate Secretary
1498 West 5th Ave
Vancouver, BC
(604) 684-2181

Mervyn Pinto
Director
1498 West 5th Ave
Vancouver, BC
(604) 684-2181

Item 9. Statement of Senior Officer/Director

The foregoing accurately discloses the material change referred to herein.

Dated this 21st day of April, 2026

“Haneef Esmail”

Haneef Esmal
Name
CFO, Director and Corporate Secretary
Position / Title
Vancouver, B.C.
Place of Declaration

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POWER GLOBAL POWER SOLUTIONS

Not for distribution to U.S. newswire services or for dissemination in the United States

FOR IMMEDIATE RELEASE

April 21, 2026

Global Power Solutions Corp. Announces Private Placement

Vancouver, BC, Canada – Tuesday, April 21, 2026 – Global Power Solutions Corp. (TSX Venture Exchange: PWER; Frankfurt Stock Exchanges: NJA) (“Global Power” or the “Company”) is pleased to announce a non-brokered private placement of up to 4,000,000 units (the “Units”) of the Company at a price of $0.25 per Unit for gross proceeds of up to $1,000,000 (the “Private Placement”).

Each Unit is comprised of one common share and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one common share of the Company at a price of $0.32 at any time on or before the date which is 24 months from the date of closing of the Private Placement.

The proceeds will be used for working capital and business development purposes.

The Private Placement is subject to TSX Venture Exchange approval and all securities issued will be subject to a four-month hold period.

The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States or to US persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. No securities regulatory authority has reviewed or approved of the contents of this news release. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Global Power Solutions Corp.

Global Power Solutions Corp. is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the Company is being expanded to the pursuit of other industrial opportunities, including the development and execution of renewable energy and other clean energy infrastructure projects.

On behalf of the Board:

Global Power Solutions Corp.

"Haneef Esmail"

Chairman & Director

Tel: 604.684.2181 | Email: info@globalpowercorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.