VALENCIA, Spain, March 12, 2026 (GLOBE NEWSWIRE) — Turbo Power, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a worldwide supplier of AI-optimized photo voltaic power storage applied sciences and options, right now introduced that it has entered right into a securities buy settlement with a single international institutional investor for the acquisition and sale of 1,000,000 of the Firm’s American Depositary Shares (“ADSs”) at a purchase order value of $3.25 per ADS in a registered direct providing. The gross proceeds from the providing are anticipated to be roughly $3.25 million, earlier than deducting placement agent commissions and different providing bills. The closing of the providing is anticipated to happen on or about March 13, 2026, topic to the satisfaction of customary closing situations.
The financing strengthens the Firm’s stability sheet and helps the continued growth of Turbo Power’s AI-driven photo voltaic power storage and clever power administration options.
The Firm intends to make use of the online proceeds from the providing for working capital and basic company functions.
A.G.P./Alliance International Companions is performing as the only real placement agent for the providing.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase any of the securities described herein, nor shall there be any sale of those securities in any state or different jurisdiction wherein such supply, solicitation, or sale can be illegal previous to the registration or qualification below the securities legal guidelines of any such state or different jurisdiction.
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About Turbo Power, S.A.
Based in 2013, Turbo Power is a globally acknowledged pioneer of proprietary photo voltaic power storage applied sciences and options managed by way of Synthetic Intelligence. Turbo Power’s all-in-one and scalable, modular power storage methods empower residential, business and industrial customers throughout Europe, North America and South America to scale back dependence on conventional power sources, decrease electrical energy prices, and enhance power reliability. Turbo Power is a proud subsidiary of publicly traded Umbrella International Power, S.A. For extra info, please go to www.turbo-e.com.
Ahead-Wanting StatementsStatements on this press launch about future expectations, plans and prospects, in addition to every other statements relating to issues that aren’t historic details, might represent “forward-looking statements” inside the that means of The Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are neither historic details nor assurances of future efficiency. As a substitute, they’re based mostly solely on present beliefs, expectations and assumptions relating to the way forward for the enterprise of the Firm, future plans and methods, projections, anticipated occasions and tendencies, the financial system and different future situations. The phrases “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and comparable expressions are supposed to establish forward-looking statements, though not all forward-looking statements include these figuring out phrases. As a result of forward-looking statements relate to the long run, they’re topic to inherent uncertainties, dangers and modifications in circumstances which are tough to foretell and lots of of that are outdoors of the Firm’s management, together with the dangers described within the Firm’s registration statements and annual report below the heading “Risk Factors” as filed with the Securities and Alternate Fee. Precise outcomes and monetary situation might differ materially from these indicated within the forward-looking statements. Subsequently, you shouldn’t depend on any of those forward-looking statements. Any forward-looking statements contained on this press launch communicate solely as of the date hereof, and Turbo Power, S.A. particularly disclaims any obligation to replace any forward-looking assertion, whether or not on account of new info, future occasions or in any other case.
For extra info, please contact: Dodi Helpful, Director of Communications Telephone: 407-960-4636
