{"success":true,"data":{"pressRelease":{"id":"53649","rtpr_id":"nGNX9gNQlN","ticker":"TURB","exchange":"NASDAQ","all_tickers":["TURB"],"title":"TURBO ENERGY ADVANCES NASDAQ COMPLIANCE AND EXPANDS GLOBAL ENERGY STORAGE FOOTPRINT","author":"Globe Newswire","published_at":"2026-06-03T12:15:00.112Z","article_body":"VALENCIA, Spain, June 03, 2026 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq:\nTURB) (“Turbo Energy” or the “Company”), a global integrator of\nAI-driven solar energy storage solutions and intelligent energy management\nsystems, today provided an update regarding its Nasdaq compliance process\nfollowing strong operational execution and a materially strengthened financial\nposition over 2025 and early 2026.\n\nDuring 2026, Turbo Energy raised approximately $5.0 million in aggregate gross\nproceeds through a Registered Direct Offering (\"RDO\") and issuances under the\nCompany's at-the-market (\"ATM\") program. As a result, shareholders' equity\nincreased from approximately $1.88 million as of December 31, 2025, to\napproximately $6.48 million as of today, positioning the Company above\nNasdaq’s minimum stockholders’ equity requirement and strengthening the\nfinancial foundation that supports its long-term growth strategy.\n\n2025 and early 2026 marked a genuine inflection point for the Company. Turbo\nEnergy accelerated its evolution into a technology integrator combining solar\ngeneration, advanced battery storage and AI-driven intelligent energy\nmanagement software into scalable infrastructure solutions serving both\nresidential and commercial & industrial (\"C&I\") customers.\n\nThroughout this transformation, Turbo Energy continued expanding its\ninternational footprint through large-scale industrial storage deployments,\nhybrid energy infrastructure projects and intelligent energy optimization\nsolutions designed to improve efficiency, reduce electricity costs and\nstrengthen operational resilience for energy-intensive customers.\n\n“Over the last year, we have executed a broad operational, technological and\nfinancial transformation across the Company,” said Mariano Soria, Chief\nExecutive Officer of Turbo Energy. \"We have strengthened our balance sheet,\nexpanded our international presence and made meaningful progress across\nnext-generation energy storage, electrification and AI-enabled energy\nmanagement markets. These achievements reflect the deliberate execution of a\nlong-term strategy built around where global energy demand is heading.\"\n\nSoria continued, “We remain firmly committed to maintaining our Nasdaq\nlisting and to continuing to scale operations in markets where the need for\nclean, efficient and resilient energy infrastructure is growing fastest.\"\n\nDuring 2025 and early 2026, Turbo Energy strengthened its strategic\npositioning through multiple operational milestones and international\nexpansion initiatives, including:\n* Strategic partnership with Hithium to integrate Turbo Energy's AI-driven\nenergy optimization software into battery storage systems across Europe and\nLatin America.\n* Expansion into defense and energy security, with deployment of intelligent\nenergy storage systems supporting international military operations in\nmission-critical environments.\n* Growth of Turbo Energy Solutions in Chile, focused on integrated solar,\nstorage and Energy-as-a-Service (\"EaaS\") infrastructure deployments across one\nof Latin America's most active renewable energy markets.\n* Advancement of the international C&I pipeline, including industrial-scale\nstorage deployments and hybrid energy infrastructure projects across multiple\ninternational markets.\n* Continued development and protection of proprietary technology supporting\nnext-generation intelligent energy infrastructure solutions.\nNasdaq’s review process remains ongoing. While no assurance can be provided\nregarding the outcome or timing of Nasdaq's final determination, the Company\nbelieves the capital initiatives completed to date, combined with its\ncontinued operational progress, reflect a sustained and credible commitment to\nNasdaq's listing standards and to delivering long-term shareholder value.\n\nAbout Turbo Energy, S.A.\n\nFounded in 2013, Turbo Energy, S.A. (Nasdaq: TURB) is a global integrator of\nAI-driven solar energy storage solutions and intelligent energy management\nsystems. Turbo Energy’s technology platform enables residential, commercial\nand industrial customers to reduce energy costs, improve efficiency, enhance\nresilience and transform energy consumption into a controllable and optimized\nasset. As part of Umbrella Global Energy, Turbo Energy plays a central role as\nthe Group’s technology platform, driving innovation in energy storage,\nelectrification and intelligent energy management across international markets\nin Europe, North America and Latin America. For more information, please visit\nwww.turbo-e.com.\n\nForward-Looking Statements\n\nStatements in this press release about future expectations, plans and\nprospects, as well as any other statements regarding matters that are not\nhistorical facts, may constitute \"forward-looking statements\" within the\nmeaning of The Private Securities Litigation Reform Act of 1995.\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, they are based only on current beliefs,\nexpectations and assumptions regarding the future of the business of the\nCompany, future plans and strategies, projections, anticipated events and\ntrends, the economy and other future conditions. The words \"anticipate,\"\n\"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"plan,\"\n\"potential,\" \"predict,\" \"project,\" \"should,\" \"target,\" \"will,\" \"would\" and\nsimilar expressions are intended to identify forward-looking statements,\nalthough not all forward-looking statements contain these identifying words.\nBecause forward-looking statements relate to the future, they are subject to\ninherent uncertainties, risks and changes in circumstances that are difficult\nto predict and many of which are outside of the Company’s control, including\nthe risks described in the Company’s registration statements and annual\nreport under the heading \"Risk Factors\" as filed with the Securities and\nExchange Commission. Actual results and financial condition may differ\nmaterially from those indicated in the forward-looking statements. Therefore,\nyou should not rely on any of these forward-looking statements. Any\nforward-looking statements contained in this press release speak only as of\nthe date hereof, and Turbo Energy, S.A. specifically disclaims any obligation\nto update any forward-looking statement, whether as a result of new\ninformation, future events or otherwise.\n\nFor more information, please\ncontact:                          \nDodi Handy, Director of Communications                    \n\nPhone:\n407-960-4636                                                 \n\nEmail: dodihandy@turbo-e.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3f01f2d7-34b1-4eca-9a79-2aaadfe96116)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9gNQlN","title":"TURBO ENERGY ADVANCES NASDAQ COMPLIANCE AND EXPANDS GLOBAL ENERGY STORAGE FOOTPRINT","author":"Globe Newswire","ticker":"TURB","created":"2026-06-03T12:15:00.112Z","tickers":["TURB"],"exchange":"NASDAQ","article_body":"VALENCIA, Spain, June 03, 2026 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq:\nTURB) (“Turbo Energy” or the “Company”), a global integrator of\nAI-driven solar energy storage solutions and intelligent energy management\nsystems, today provided an update regarding its Nasdaq compliance process\nfollowing strong operational execution and a materially strengthened financial\nposition over 2025 and early 2026.\n\nDuring 2026, Turbo Energy raised approximately $5.0 million in aggregate gross\nproceeds through a Registered Direct Offering (\"RDO\") and issuances under the\nCompany's at-the-market (\"ATM\") program. As a result, shareholders' equity\nincreased from approximately $1.88 million as of December 31, 2025, to\napproximately $6.48 million as of today, positioning the Company above\nNasdaq’s minimum stockholders’ equity requirement and strengthening the\nfinancial foundation that supports its long-term growth strategy.\n\n2025 and early 2026 marked a genuine inflection point for the Company. Turbo\nEnergy accelerated its evolution into a technology integrator combining solar\ngeneration, advanced battery storage and AI-driven intelligent energy\nmanagement software into scalable infrastructure solutions serving both\nresidential and commercial & industrial (\"C&I\") customers.\n\nThroughout this transformation, Turbo Energy continued expanding its\ninternational footprint through large-scale industrial storage deployments,\nhybrid energy infrastructure projects and intelligent energy optimization\nsolutions designed to improve efficiency, reduce electricity costs and\nstrengthen operational resilience for energy-intensive customers.\n\n“Over the last year, we have executed a broad operational, technological and\nfinancial transformation across the Company,” said Mariano Soria, Chief\nExecutive Officer of Turbo Energy. \"We have strengthened our balance sheet,\nexpanded our international presence and made meaningful progress across\nnext-generation energy storage, electrification and AI-enabled energy\nmanagement markets. These achievements reflect the deliberate execution of a\nlong-term strategy built around where global energy demand is heading.\"\n\nSoria continued, “We remain firmly committed to maintaining our Nasdaq\nlisting and to continuing to scale operations in markets where the need for\nclean, efficient and resilient energy infrastructure is growing fastest.\"\n\nDuring 2025 and early 2026, Turbo Energy strengthened its strategic\npositioning through multiple operational milestones and international\nexpansion initiatives, including:\n* Strategic partnership with Hithium to integrate Turbo Energy's AI-driven\nenergy optimization software into battery storage systems across Europe and\nLatin America.\n* Expansion into defense and energy security, with deployment of intelligent\nenergy storage systems supporting international military operations in\nmission-critical environments.\n* Growth of Turbo Energy Solutions in Chile, focused on integrated solar,\nstorage and Energy-as-a-Service (\"EaaS\") infrastructure deployments across one\nof Latin America's most active renewable energy markets.\n* Advancement of the international C&I pipeline, including industrial-scale\nstorage deployments and hybrid energy infrastructure projects across multiple\ninternational markets.\n* Continued development and protection of proprietary technology supporting\nnext-generation intelligent energy infrastructure solutions.\nNasdaq’s review process remains ongoing. While no assurance can be provided\nregarding the outcome or timing of Nasdaq's final determination, the Company\nbelieves the capital initiatives completed to date, combined with its\ncontinued operational progress, reflect a sustained and credible commitment to\nNasdaq's listing standards and to delivering long-term shareholder value.\n\nAbout Turbo Energy, S.A.\n\nFounded in 2013, Turbo Energy, S.A. (Nasdaq: TURB) is a global integrator of\nAI-driven solar energy storage solutions and intelligent energy management\nsystems. Turbo Energy’s technology platform enables residential, commercial\nand industrial customers to reduce energy costs, improve efficiency, enhance\nresilience and transform energy consumption into a controllable and optimized\nasset. As part of Umbrella Global Energy, Turbo Energy plays a central role as\nthe Group’s technology platform, driving innovation in energy storage,\nelectrification and intelligent energy management across international markets\nin Europe, North America and Latin America. For more information, please visit\nwww.turbo-e.com.\n\nForward-Looking Statements\n\nStatements in this press release about future expectations, plans and\nprospects, as well as any other statements regarding matters that are not\nhistorical facts, may constitute \"forward-looking statements\" within the\nmeaning of The Private Securities Litigation Reform Act of 1995.\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, they are based only on current beliefs,\nexpectations and assumptions regarding the future of the business of the\nCompany, future plans and strategies, projections, anticipated events and\ntrends, the economy and other future conditions. The words \"anticipate,\"\n\"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"plan,\"\n\"potential,\" \"predict,\" \"project,\" \"should,\" \"target,\" \"will,\" \"would\" and\nsimilar expressions are intended to identify forward-looking statements,\nalthough not all forward-looking statements contain these identifying words.\nBecause forward-looking statements relate to the future, they are subject to\ninherent uncertainties, risks and changes in circumstances that are difficult\nto predict and many of which are outside of the Company’s control, including\nthe risks described in the Company’s registration statements and annual\nreport under the heading \"Risk Factors\" as filed with the Securities and\nExchange Commission. Actual results and financial condition may differ\nmaterially from those indicated in the forward-looking statements. Therefore,\nyou should not rely on any of these forward-looking statements. Any\nforward-looking statements contained in this press release speak only as of\nthe date hereof, and Turbo Energy, S.A. specifically disclaims any obligation\nto update any forward-looking statement, whether as a result of new\ninformation, future events or otherwise.\n\nFor more information, please\ncontact:                          \nDodi Handy, Director of Communications                    \n\nPhone:\n407-960-4636                                                 \n\nEmail: dodihandy@turbo-e.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3f01f2d7-34b1-4eca-9a79-2aaadfe96116)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-03T12:15:00.15739567Z","server_sent_at_ms":1780488900157},"received_at":"2026-06-03T12:15:00.277Z","source_url":"https://www.globenewswire.com/news-release/2026/06/03/3306020/0/en/TURBO-ENERGY-ADVANCES-NASDAQ-COMPLIANCE-AND-EXPANDS-GLOBAL-ENERGY-STORAGE-FOOTPRINT.html"},"analysis":{"id":"43080","press_release_id":"53649","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["Nasdaq listing compliance process ongoing; no final determination yet","Equity was only $1.88M prior to raise, indicating thin financial cushion","Dilutive capital raise required to meet basic listing standards"],"eventType":"regulatory","narrative":"Turbo Energy raised $5 million via direct offerings and ATM sales to cure a Nasdaq listing deficiency, boosting shareholders' equity from $1.88 million to $6.48 million.\n\nThe capital raise positions the company above Nasdaq's minimum equity requirement, though the listing review remains ongoing with no final determination yet.\n\nOperationally, the company highlighted a strategic partnership with Hithium for AI-driven battery storage in Europe and Latin America, plus expansion into defense and Chilean markets.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Turbo Energy cures Nasdaq equity deficiency with $5M raise, but delisting risk persists until final review."},"keyFigures":{"customDimensions":{"equity_prior":1880000,"equity_raised":5000000,"equity_current":6480000}},"quotedText":"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.","namedEntities":{"people":[{"name":"Mariano Soria","role":"CEO"},{"name":"Dodi Handy","role":"Director of Communications"}],"products":["AI-driven energy optimization software","battery storage systems","Energy-as-a-Service (EaaS)"],"companies":[{"name":"Turbo Energy, S.A.","ticker":"TURB","relationship":"filer"},{"name":"Hithium","relationship":"partner"},{"name":"Umbrella Global Energy","relationship":"parent/group"},{"name":"Nasdaq","relationship":"exchange"}],"dollarAmounts":[{"amount":"$5.0 million","context":"aggregate gross proceeds from RDO and ATM"},{"amount":"$1.88 million","context":"shareholders' equity as of Dec 31, 2025"},{"amount":"$6.48 million","context":"shareholders' equity as of today"}]},"materialImpact":{"score":3,"reasoning":"The company raised $5M to cure a Nasdaq listing deficiency (stockholders' equity), moving equity from $1.88M to $6.48M. This resolves an immediate delisting risk but signals recent financial weakness and dilution. The operational update is secondary."},"tickerRelevance":{"others":[{"ticker":"HITH","relevance":"partner"}],"primary":"TURB"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"riskFactor":"delisting_avoidance","tickerTier":"small-cap","eventGravity":"listing_compliance_cure","sectorWeight":"energy_storage"}},"event_type":"regulatory","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Turbo Energy raised $5 million via direct offerings and ATM sales to cure a Nasdaq listing deficiency, boosting shareholders' equity from $1.88 million to $6.48 million.\n\nThe capital raise positions the company above Nasdaq's minimum equity requirement, though the listing review remains ongoing with no final determination yet.\n\nOperationally, the company highlighted a strategic partnership with Hithium for AI-driven battery storage in Europe and Latin America, plus expansion into defense and Chilean markets.","key_figures":{"customDimensions":{"equity_prior":1880000,"equity_raised":5000000,"equity_current":6480000}},"named_entities":{"people":[{"name":"Mariano Soria","role":"CEO"},{"name":"Dodi Handy","role":"Director of Communications"}],"products":["AI-driven energy optimization software","battery storage systems","Energy-as-a-Service (EaaS)"],"companies":[{"name":"Turbo Energy, S.A.","ticker":"TURB","relationship":"filer"},{"name":"Hithium","relationship":"partner"},{"name":"Umbrella Global Energy","relationship":"parent/group"},{"name":"Nasdaq","relationship":"exchange"}],"dollarAmounts":[{"amount":"$5.0 million","context":"aggregate gross proceeds from RDO and ATM"},{"amount":"$1.88 million","context":"shareholders' equity as of Dec 31, 2025"},{"amount":"$6.48 million","context":"shareholders' equity as of today"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-04T06:02:16.841Z","global_importance":25,"audience_relevance":30,"importance_components":{"riskFactor":"delisting_avoidance","tickerTier":"small-cap","eventGravity":"listing_compliance_cure","sectorWeight":"energy_storage"}},"durationMs":50214,"modelName":"george-droid-qwen-72b"}}