Turbo Energy(US:TURB) Globenewswire·2026-01-16 21:15Core Viewpoint - Turbo Energy S.A. has received a notice from Nasdaq indicating non-compliance with continued listing requirements due to insufficient stockholders' equity [1][2]. Group 1: Compliance Issues - The company reported stockholders' equity of approximately $1.5 million as of June 30, 2025, which is below the minimum requirement of $2.5 million for continued listing on Nasdaq [2]. - Nasdaq also determined that Turbo Energy does not meet alternative continued listing standards related to market value of listed securities or net income from continuing operations [2]. Group 2: Response and Future Plans - The notice does not have an immediate effect on the listing or trading of the company's shares, and Turbo Energy has 45 calendar days to submit a compliance plan [3]. - The company is actively evaluating options to regain compliance and intends to submit a plan to Nasdaq within the required timeframe [4]. - Actions taken will align with the company's broader strategy focused on accelerating revenue growth, strengthening its balance sheet, and supporting international expansion initiatives [4]. Group 3: Company Background - Turbo Energy, founded in 2013, is a pioneer in AI-optimized solar energy storage technologies, providing scalable energy storage systems for various users across multiple regions [6].