Approximately $5.0 million in strategic capital raises strengthened shareholders’ equity above Nasdaq minimum requirements while supporting continued international expansion
VALENCIA, Spain – JUNE 3, 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 provided an update regarding its Nasdaq compliance process following strong operational execution and a materially strengthened financial position over 2025 and early 2026.
During 2026, Turbo Energy raised approximately $5.0 million in aggregate gross proceeds through a Registered Direct Offering (“RDO”) and issuances under the Company’s at-the-market (“ATM”) program. As a result, shareholders’ equity increased from approximately $1.88 million as of December 31, 2025, to approximately $6.48 million as of today, positioning the Company above Nasdaq’s minimum stockholders’ equity requirement and strengthening the financial foundation that supports its long-term growth strategy.
2025 and early 2026 marked a genuine inflection point for the Company. Turbo Energy accelerated its evolution into a technology integrator combining solar generation, advanced battery storage and AI-driven intelligent energy management software into scalable infrastructure solutions serving both residential and commercial & industrial (“C&I”) customers.
Throughout this transformation, Turbo Energy continued expanding its international footprint through large-scale industrial storage deployments, hybrid energy infrastructure projects and intelligent energy optimization solutions designed to improve efficiency, reduce electricity costs and strengthen operational resilience for energy-intensive customers.
“Over the last year, we have executed a broad operational, technological and financial transformation across the Company,” said Mariano Soria, Chief Executive Officer of Turbo Energy. “We have strengthened our balance sheet, expanded our international presence and made meaningful progress across next-generation energy storage, electrification and AI-enabled energy management markets. These achievements reflect the deliberate execution of a long-term strategy built around where global energy demand is heading.”
Soria continued, “We remain firmly committed to maintaining our Nasdaq listing and to continuing to scale operations in markets where the need for clean, efficient and resilient energy infrastructure is growing fastest.”
During 2025 and early 2026, Turbo Energy strengthened its strategic positioning through multiple operational milestones and international expansion initiatives, including:
- Strategic partnership with Hithium to integrate Turbo Energy’s AI-driven energy optimization software into battery storage systems across Europe and Latin America.
- Expansion into defense and energy security, with deployment of intelligent energy storage systems supporting international military operations in mission-critical environments.
- Growth of Turbo Energy Solutions in Chile, focused on integrated solar, storage and Energy-as-a-Service (“EaaS”) infrastructure deployments across one of Latin America’s most active renewable energy markets.
- Advancement of the international C&I pipeline, including industrial-scale storage deployments and hybrid energy infrastructure projects across multiple international markets.
- Continued development and protection of proprietary technology supporting next-generation intelligent energy infrastructure solutions.
Nasdaq’s review process remains ongoing. While no assurance can be provided regarding the outcome or timing of Nasdaq’s final determination, the Company believes the capital initiatives completed to date, combined with its continued operational progress, reflect a sustained and credible commitment to Nasdaq’s listing standards and to delivering long-term shareholder value.
