Turbo Energy Notified by Nasdaq of Non-Compliance with Listing Requirements
Turbo Energy announced that it received a written notice from Nasdaq notifying the company that it is no longer in compliance with Nasdaq continued listing requirements. The notice indicates that, based on the company's Form 6-K filed on November 4, 2025, reporting stockholders' equity of approximately $1.5M as of June 30, the company does not currently meet the minimum stockholders' equity requirement of $2.5M for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550. In addition, Nasdaq determined that the company does not meet the alternative continued listing standards relating to market value of listed securities or net income from continuing operations.
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Turbo Energy Completes Financing Restructuring
- Successful Restructuring: Turbo Energy has completed a restructuring of its bank financing with three leading Spanish financial institutions, converting existing facilities into long-term financing totaling approximately €4.87 million (about $5.75 million), aimed at enhancing financial flexibility and supporting its global expansion plans.
- Increased Financial Flexibility: By extending loan terms, Turbo Energy is now better positioned to accelerate growth in high-demand markets such as Latin America and the United States, addressing the expanding needs for distributed energy storage and on-site renewable energy infrastructure.
- Strategic Confidence: CEO Mariano Soria stated that this restructuring reflects strong confidence from the three financial institutions in Turbo Energy's technology and long-term growth prospects, providing a solid financial foundation to support its global expansion initiatives.
- Market Leadership: As a pioneer in solar energy storage technologies, Turbo Energy is committed to further solidifying its leadership position in the global commercial and industrial energy storage sector through AI-driven energy storage systems and Energy-as-a-Service initiatives.
Turbo Energy (TURB) Receives Nasdaq Non-Compliance Notice Due to Low Equity
- Nasdaq Warning: Turbo Energy received a notice from Nasdaq on January 12, 2026, indicating non-compliance due to stockholders' equity falling below the $2.5 million requirement, with current equity reported at approximately $1.5 million, highlighting financial strain.
- Compliance Plan: The company is reviewing measures to restore compliance and will file a plan with Nasdaq as required, aiming to meet capital market standards promptly to avoid further sanctions.
- Executive Change: Turbo Energy appointed Lucia Tamarit as CFO, likely to strengthen financial management and address current compliance challenges, enhancing corporate governance.
- Market Reaction: The compliance issues may pressure Turbo Energy's stock price, prompting investors to monitor the company's subsequent compliance plans and their impact on stockholders' equity.
Turbo Energy (TURB) Receives Nasdaq Compliance Notice, Equity Below $1.5 Million
- Compliance Notice: Turbo Energy received a written notice from Nasdaq on January 12, 2026, indicating its stockholders' equity of approximately $1.5 million is below the required $2.5 million for continued listing, highlighting compliance challenges.
- Listing Requirements: Under Nasdaq rules, Turbo Energy must submit a compliance plan within 45 days, with a potential extension of up to 180 days if accepted, posing risks to future financing and market confidence.
- Strategic Evaluation: The company is actively assessing options to regain compliance and plans to submit a proposal within the required timeframe, aiming to accelerate revenue growth and strengthen its balance sheet, reflecting its focus on international expansion.
- Long-term Commitment: Despite compliance risks, Turbo Energy remains committed to maintaining its Nasdaq listing and executing initiatives designed to enhance long-term shareholder value, demonstrating confidence in its future development.
Turbines, Inc. Launches eCommerce Platform to Enhance Customer Convenience
- eCommerce Platform Launch: Turbines, Inc. has introduced a new eCommerce platform that allows customers to securely place orders online using debit or credit cards, marking a significant advancement in the company's commitment to customer service and operational efficiency.
- Streamlined Purchasing Process: By enabling direct online purchases, customers can conveniently access a variety of products, including turbine flow meters and electronic components, thereby enhancing their shopping experience and satisfaction.
- Wide Product Range: The new platform features a broad selection of products, allowing customers to easily browse categories, view detailed specifications, and select configurations tailored to their specific applications, which further strengthens the company's competitive position in the market.
- Commitment to Continuous Innovation: According to Robert McDavid, Director of Global Sales Strategies, the launch of the eCommerce platform reflects the company's ongoing focus on innovation, responsiveness, and customer satisfaction, aiming to make business interactions with Turbines, Inc. as seamless as possible.
Turbo Energy Names Lucia Tamarit as New Chief Financial Officer
New CFO Appointment: Turbo Energy S.A. has appointed Lucia Tamarit as the new Chief Financial Officer, succeeding Alejandro Morangues, who left to pursue other opportunities.
Tamarit's Experience: Lucia Tamarit brings over a decade of international finance and operations experience, having previously served as Financial Manager at CSP Spain and worked at Ernst & Young.
Company Overview: Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and aims to reduce dependence on traditional energy sources through innovative solutions.
Future Outlook: The company emphasizes its commitment to innovation and growth, with a focus on expanding its market presence and enhancing its product offerings, including the SUNBOX solar energy storage system.
Dow Rises 250 Points as US Housing Starts Decline in August
U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones gaining 0.56% while the NASDAQ and S&P 500 fell by 0.36% and 0.04%, respectively. Consumer staples rose by 1.1%, but information technology stocks dropped by 0.7%.
Housing Market Update: U.S. housing starts decreased by 8.5% month-over-month to an annual rate of 1.307 million units in August, below market expectations, while building permits also fell by 3.7% to an annualized rate of 1.312 million.
Notable Stock Movements: SciSparc Ltd. shares surged 197% following a merger announcement, while Visionary Holdings Inc. rose 92% after a strategic partnership. Conversely, Turbo Energy and Boxlight Corporation saw significant declines of 27% each.
Global Market Trends: European shares were mixed, with the eurozone's STOXX 600 slightly up, while Asian markets mostly closed higher, led by Hong Kong's Hang Seng Index, which surged 1.78%.
Turbo Energy Completes Financing Restructuring
- Successful Restructuring: Turbo Energy has completed a restructuring of its bank financing with three leading Spanish financial institutions, converting existing facilities into long-term financing totaling approximately €4.87 million (about $5.75 million), aimed at enhancing financial flexibility and supporting its global expansion plans.
- Increased Financial Flexibility: By extending loan terms, Turbo Energy is now better positioned to accelerate growth in high-demand markets such as Latin America and the United States, addressing the expanding needs for distributed energy storage and on-site renewable energy infrastructure.
- Strategic Confidence: CEO Mariano Soria stated that this restructuring reflects strong confidence from the three financial institutions in Turbo Energy's technology and long-term growth prospects, providing a solid financial foundation to support its global expansion initiatives.
- Market Leadership: As a pioneer in solar energy storage technologies, Turbo Energy is committed to further solidifying its leadership position in the global commercial and industrial energy storage sector through AI-driven energy storage systems and Energy-as-a-Service initiatives.
Turbo Energy (TURB) Receives Nasdaq Non-Compliance Notice Due to Low Equity
- Nasdaq Warning: Turbo Energy received a notice from Nasdaq on January 12, 2026, indicating non-compliance due to stockholders' equity falling below the $2.5 million requirement, with current equity reported at approximately $1.5 million, highlighting financial strain.
- Compliance Plan: The company is reviewing measures to restore compliance and will file a plan with Nasdaq as required, aiming to meet capital market standards promptly to avoid further sanctions.
- Executive Change: Turbo Energy appointed Lucia Tamarit as CFO, likely to strengthen financial management and address current compliance challenges, enhancing corporate governance.
- Market Reaction: The compliance issues may pressure Turbo Energy's stock price, prompting investors to monitor the company's subsequent compliance plans and their impact on stockholders' equity.
Turbo Energy (TURB) Receives Nasdaq Compliance Notice, Equity Below $1.5 Million
- Compliance Notice: Turbo Energy received a written notice from Nasdaq on January 12, 2026, indicating its stockholders' equity of approximately $1.5 million is below the required $2.5 million for continued listing, highlighting compliance challenges.
- Listing Requirements: Under Nasdaq rules, Turbo Energy must submit a compliance plan within 45 days, with a potential extension of up to 180 days if accepted, posing risks to future financing and market confidence.
- Strategic Evaluation: The company is actively assessing options to regain compliance and plans to submit a proposal within the required timeframe, aiming to accelerate revenue growth and strengthen its balance sheet, reflecting its focus on international expansion.
- Long-term Commitment: Despite compliance risks, Turbo Energy remains committed to maintaining its Nasdaq listing and executing initiatives designed to enhance long-term shareholder value, demonstrating confidence in its future development.
Turbines, Inc. Launches eCommerce Platform to Enhance Customer Convenience
- eCommerce Platform Launch: Turbines, Inc. has introduced a new eCommerce platform that allows customers to securely place orders online using debit or credit cards, marking a significant advancement in the company's commitment to customer service and operational efficiency.
- Streamlined Purchasing Process: By enabling direct online purchases, customers can conveniently access a variety of products, including turbine flow meters and electronic components, thereby enhancing their shopping experience and satisfaction.
- Wide Product Range: The new platform features a broad selection of products, allowing customers to easily browse categories, view detailed specifications, and select configurations tailored to their specific applications, which further strengthens the company's competitive position in the market.
- Commitment to Continuous Innovation: According to Robert McDavid, Director of Global Sales Strategies, the launch of the eCommerce platform reflects the company's ongoing focus on innovation, responsiveness, and customer satisfaction, aiming to make business interactions with Turbines, Inc. as seamless as possible.
Turbo Energy Names Lucia Tamarit as New Chief Financial Officer
New CFO Appointment: Turbo Energy S.A. has appointed Lucia Tamarit as the new Chief Financial Officer, succeeding Alejandro Morangues, who left to pursue other opportunities.
Tamarit's Experience: Lucia Tamarit brings over a decade of international finance and operations experience, having previously served as Financial Manager at CSP Spain and worked at Ernst & Young.
Company Overview: Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and aims to reduce dependence on traditional energy sources through innovative solutions.
Future Outlook: The company emphasizes its commitment to innovation and growth, with a focus on expanding its market presence and enhancing its product offerings, including the SUNBOX solar energy storage system.
Dow Rises 250 Points as US Housing Starts Decline in August
U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones gaining 0.56% while the NASDAQ and S&P 500 fell by 0.36% and 0.04%, respectively. Consumer staples rose by 1.1%, but information technology stocks dropped by 0.7%.
Housing Market Update: U.S. housing starts decreased by 8.5% month-over-month to an annual rate of 1.307 million units in August, below market expectations, while building permits also fell by 3.7% to an annualized rate of 1.312 million.
Notable Stock Movements: SciSparc Ltd. shares surged 197% following a merger announcement, while Visionary Holdings Inc. rose 92% after a strategic partnership. Conversely, Turbo Energy and Boxlight Corporation saw significant declines of 27% each.
Global Market Trends: European shares were mixed, with the eurozone's STOXX 600 slightly up, while Asian markets mostly closed higher, led by Hong Kong's Hang Seng Index, which surged 1.78%.
