GlobeNewswire·Jun 5, 2026, 8:15 AM ET

Nasdaq Confirms Turbo Energy's Compliance With Minimum Stockholders' Equity Requirement

Turbo Energy, S.A. (NASDAQ: TURB) received formal confirmation from Nasdaq that it has regained compliance with the minimum stockholders' equity requirement under Listing Rule 5550(b)(1).
Nasdaq validated the Company's Form 6-K filed on June 3, 2026, which showed shareholders' equity increased from approximately $1.88 million as of December 31, 2025, to approximately $6.48 million.
The financial strengthening was achieved through a Registered Direct Offering (RDO) \& issuances under the at-the-market (ATM) program, raising approximately $5.0 million in aggregate gross proceeds.
Turbo Energy satisfied the $2.5 million minimum stockholders' equity threshold required for continued listing on The Nasdaq Capital Market.
The Company reported 107% year-over-year revenue growth during fiscal year 2025 while advancing its transformation into an AI-driven energy infrastructure platform.
Strategic initiatives over the past eighteen months included deploying large-scale industrial energy storage projects, expanding operations in Latin America, \& developing proprietary AI-driven energy optimization technology.
CEO Mariano Soria stated the confirmation validates the Company's actions to strengthen its financial position \& support its next phase of growth strategy.