VALENCIA, Spain, March 12, 2026 (GLOBE NEWSWIRE) — Turbo Power, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), an international supplier of AI-optimized solar power garage applied sciences and answers, these days introduced that it has entered right into a securities acquire settlement with a unmarried world institutional investor for the acquisition and sale of a million of the Corporate’s American Depositary Stocks (“ADSs”) at a purchase order value of $3.25 consistent with ADS in a registered direct providing. The gross proceeds from the providing are anticipated to be roughly $3.25 million, ahead of deducting placement agent commissions and different providing bills. The remaining of the providing is predicted to happen on or about March 13, 2026, topic to the pride of commonplace remaining prerequisites.
The financing strengthens the Corporate’s steadiness sheet and helps the continuing enlargement of Turbo Power’s AI-driven solar power garage and clever power control answers.
The Corporate intends to make use of the online proceeds from the providing for operating capital and common company functions.
A.G.P./Alliance World Companions is performing as the only real placement agent for the providing.
This press unencumber shall now not represent an be offering to promote or the solicitation of an be offering to shop for any of the securities described herein, nor shall there be any sale of those securities in any state or different jurisdiction by which such be offering, solicitation, or sale could be illegal previous to the registration or qualification below the securities regulations of this kind of state or different jurisdiction.
About Turbo Power, S.A.
Based in 2013, Turbo Power is a globally identified pioneer of proprietary solar power garage applied sciences and answers controlled via Synthetic Intelligence. Turbo Power’s all-in-one and scalable, modular power garage techniques empower residential, industrial and business customers throughout Europe, North The united states and South The united states to cut back dependence on conventional power assets, decrease electrical energy prices, and strengthen power reliability. Turbo Power is a proud subsidiary of publicly traded Umbrella World Power, S.A. For more info, please consult with www.turbo-e.com.
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For more info, please touch: Dodi To hand, Director of Communications Telephone: 407-960-4636
