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GlobeNewswire·

TURBO ENERGY ADVANCES NASDAQ COMPLIANCE AND EXPANDS GLOBAL ENERGY STORAGE FOOTPRINT

  • Turbo Energy raised approximately $5.0 million in gross proceeds during 2026 through a Registered Direct Offering & ATM program.
  • Shareholders' equity increased from $1.88 million as of December 31, 2025, to $6.48 million as of June 3, 2026, meeting Nasdaq's minimum equity requirement.
  • The company accelerated its transformation into an AI-driven integrator of solar generation, battery storage, & intelligent energy management software for residential & C&I customers.
  • Strategic milestones include a partnership with Hithium to integrate AI software into battery systems across Europe & Latin America.
  • Turbo Energy expanded into defense & energy security by deploying intelligent storage systems for international military operations.
  • Growth initiatives in Chile focused on integrated solar, storage, & Energy-as-a-Service infrastructure deployments.
  • The company advanced its international C&I pipeline with industrial-scale storage & hybrid energy infrastructure projects.
  • Nasdaq's review process remains ongoing, though the company believes its financial strengthening demonstrates commitment to listing standards.
  • Turbo Energy operates as part of Umbrella Global Energy, serving markets in Europe, North America, & Latin America.