Turbo Energy Announces Results of 2025 Annual General Meeting of Shareholders

Core Viewpoint - Turbo Energy, S.A. held its 2025 Annual General Meeting of Shareholders, where several key resolutions were approved, including board elections, accounting firm appointments, and capital increase authorizations [1][2]. Group 1: Resolutions Approved - Eight individuals were elected to the Board of Directors, serving until the next annual meeting or until their successors are elected [1]. - The appointment of TAAD, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified [1]. - Grant Thornton, SLP Sociedad Unipersonal was also ratified as the Spanish public accounting firm for the same fiscal year [1]. - The individual annual accounts and management report were assessed and approved as required under Spanish law [1]. - The proposed results allocation of the individual annual accounts was examined and approved [1]. - The management of the Company by the Board for the fiscal year ended December 31, 2024, was approved [1]. Group 2: Capital Increase and Bond Issuance - The Board was delegated the power to carry out capital increases up to half of the share capital, with the possibility of excluding subscription rights, not exceeding twenty percent of the Company's share capital [1]. - The Board was authorized to issue bonds or convertible instruments for a maximum amount of 60 million Euros, with conditions set by the Board and the possibility of excluding pre-emptive subscription rights [1][2]. Group 3: Company Overview - Turbo Energy, founded in 2013, is a pioneer in solar energy storage technologies, utilizing Artificial Intelligence to manage energy solutions [3]. - The Company offers scalable, modular energy storage systems aimed at reducing dependence on traditional energy sources and lowering electricity costs [3]. - Turbo Energy's flagship product, the SUNBOX, is recognized as one of the first high-performance, competitively priced home solar energy storage systems, featuring patented EV charging capability [3].