Recognition follows approximately $5 million in strategic capital raises and continued execution of Turbo Energy’s global AI-driven energy infrastructure growth strategy
VALENCIA, Spain – JUNE 5, 2026 – Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global integrator of AI-driven solar energy storage solutions and intelligent energy management systems, today announced that it has received formal confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1).
The confirmation follows Nasdaq’s review of the Company’s Form 6-K filed on June 3, 2026, which reflected a significant strengthening of Turbo Energy’s financial position. Based on that filing, Nasdaq determined that the Company now satisfies the minimum stockholders’ equity requirement of $2.5 million for continued listing on The Nasdaq Capital Market.
The milestone reflects the successful execution of a series of strategic financial initiatives undertaken during 2026. Through a combination of a Registered Direct Offering (“RDO”) and issuances under its at-the-market (“ATM”) program, Turbo Energy raised approximately $5.0 million in aggregate gross proceeds, strengthening shareholders’ equity and reinforcing the Company’s balance sheet. Shareholders’ equity increased from approximately $1.88 million as of December 31, 2025, to approximately $6.48 million as reflected in the Company’s Form 6-K filed on June 3, positioning the Company above Nasdaq’s minimum stockholders’ equity requirement.
Nasdaq’s confirmation follows a period of substantial operational and strategic progress for Turbo Energy. During fiscal year 2025, the Company reported revenue growth of 107% year-over-year, while significantly improving operating performance and advancing its transformation into a technology integrator AI-driven energy infrastructure platform that integrates solar energy storage, software-defined energy management, and commercial and industrial (“C&I”) energy solutions.
Over the past eighteen months, Turbo Energy has expanded its international footprint through multiple strategic initiatives, including the deployment of large-scale industrial energy storage projects, expansion across Latin America, strategic technology partnerships, and the continued development of its proprietary AI-driven energy optimization platform.
“Nasdaq’s confirmation represents an important milestone for Turbo Energy and validates the actions we have taken to strengthen our financial position and support the next phase of our growth strategy. Over the last year, we have delivered substantial revenue growth, expanded internationally and continued evolving our business toward higher-value AI-driven energy infrastructure solutions. With a stronger balance sheet and increasing commercial momentum, we remain focused on executing our strategy and creating long-term value for shareholders,” said Mariano Soria, Chief Executive Officer of Turbo Energy.
