TURBO ENERGY ANNOUNCES $3.25 MILLION REGISTERED DIRECT OFFERING WITH A SINGLE GLOBAL INSTITUTIONAL INVESTOR

Core Viewpoint - Turbo Energy, S.A. has entered into a securities purchase agreement for the sale of 1,000,000 American Depositary Shares (ADSs) at a price of $3.25 per ADS, aiming to raise approximately $3.25 million in gross proceeds to strengthen its balance sheet and support the expansion of its AI-driven solar energy storage solutions [1][2]. Group 1 - The offering is expected to close on or about March 13, 2026, pending customary closing conditions [1]. - The net proceeds from the offering will be utilized for working capital and general corporate purposes [2]. - A.G.P./Alliance Global Partners is acting as the sole placement agent for this offering [2]. Group 2 - The ADSs are being offered under a registration statement on Form F-3, which was declared effective by the SEC on December 16, 2025 [3]. - The offering will be conducted only through a prospectus supplement and accompanying prospectus, which will be filed with the SEC [3]. Group 3 - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and solutions, providing scalable energy storage systems for various users across multiple regions [5]. - The company aims to reduce dependence on traditional energy sources, lower electricity costs, and enhance energy reliability for residential, commercial, and industrial users [5].