Turbo Energy, S.A. (NASDAQ: TURB ) stock rose Thursday after the company announced a registered direct offering of 1,000,000 American Depositary Shares at a price of $3.25 per share.
This financing aims to strengthen the company’s balance sheet. The company also aims to support the expansion of its AI-driven solar energy storage and management solutions.
Turbo Energy expects the gross proceeds from this offering to be around $3.25 million before deducting placement agent commissions and other expenses.
The company expects the offering to close on or about March 13, 2026, subject to customary closing conditions.
Boosting Liquidity & Ensuring Financial Stability
Last month, Turbo Energy disclosed the completion of a bank financing restructuring .
In particular, the company reached agreements with Bankinter, CaixaBank, and BBVA to convert existing bank facilities into long-term financing of 4.87 million euros (around $5.75 million).
The move is expected to strengthen Turbo Energy’s financial structure and provide greater flexibility.
The company aims to support expansion in the global commercial and industrial energy storage market, including Latin America and the U.S.
TURB Price Action: Turbo Energy shares were up 27.27% at $4.76 at the time of publication on Thursday, according to Benzinga Pro data .
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