Turbo Energy prices 1M ADSs at $3.25 in registered direct offering

Turbo Energy (TURB) entered into a securities purchase agreement with a single global institutional investor for the purchase and sale of 1,000,000 of the Company’s American Depositary Shares at a purchase price of $3.25 per ADS in a registered direct offering. The gross proceeds from the offering are expected to be approximately $3.25M, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about March 13, 2026, subject to the satisfaction of customary closing conditions. The financing strengthens the Company’s balance sheet and supports the continued expansion of Turbo Energy’s AI-driven solar energy storage and intelligent energy management solutions. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.