VALENCIA, Spain, March 12, 2026 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ:TURB) ("Turbo Energy" or the "Company"), a global provider of AI-optimized solar energy storage technologies and solutions, today announced that it has 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 ("ADSs") 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 $3.25 million, 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.

The ADSs offered to the institutional investor described above are being offered pursuant to a registration statement on Form F-3 (File No. 333-291470), which was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on December 16, 2025. The offering is being made ...