TURB News & Events

Turbo Energy entered into a securities purchase agreement with a single global institutional investor for the purchase and sale of 1,000,000 of the Company's American Depositary Shares at a purchase price of $3.25 per ADS in a registered direct offering. The gross proceeds from the offering are expected to be approximately $3.25M, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about March 13, 2026, subject to the satisfaction of customary closing conditions. The financing strengthens the Company's balance sheet and supports the continued expansion of Turbo Energy's AI-driven solar energy storage and intelligent energy management solutions. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

Turbo Energy S.A. emphasized how its industrial electrification systems are enabling commercial and industrial operators to shield operating margins amid intensifying global energy market volatility. "Recent energy price shocks have underscored how sensitive industrial earnings can be to fuel market volatility," said Mariano Soria, Chief Executive Officer of Turbo Energy. "Our AI-driven renewable electrification platform enables operators to proactively shield margins, manage fuel exposure, and strengthen financial resilience in dynamic market conditions. Intelligent storage is emerging as essential infrastructure for sustaining long-term industrial competitiveness."

Turbo Energy announced the completion of a restructuring of its bank financing aimed at strengthening its financial position and aligning liquidity with the Company's medium- and long-term business plan. As part of this process, Turbo Energy reached agreements with Bankinter, CaixaBank and BBVA, three of Spain's leading financial institutions, enabling the conversion of existing bank facilities into long-term financing structures totaling approximately EUR 4.87M. This reorganization strengthens the Company's financial profile and aligns its financing structure with its business plan, further enhancing financial flexibility to support continued expansion in the global commercial and industrial energy storage sector, including Latin America and the United States.

Turbo Energy announced that it received a written notice from Nasdaq notifying the company that it is no longer in compliance with Nasdaq continued listing requirements. The notice indicates that, based on the company's Form 6-K filed on November 4, 2025, reporting stockholders' equity of approximately $1.5M as of June 30, the company does not currently meet the minimum stockholders' equity requirement of $2.5M for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550. In addition, Nasdaq determined that the company does not meet the alternative continued listing standards relating to market value of listed securities or net income from continuing operations.