Turbo Energy Establishes $2.98M At-The-Market Offering Program
TURB has more than doubled off its 52-week low of $0.57 on light trading volume (0.2× avg).
Summary
Turbo Energy, S.A. has entered into a sales agreement to establish an At-The-Market (ATM) offering program, allowing it to sell up to $2.98 million in American Depositary Shares (ADSs) from time to time.
Key Events · Financing and Capital Events · TURB
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New At-The-Market (ATM) Program Established
Turbo Energy, S.A. entered into a sales agreement with A.G.P./Alliance Global Partners to offer and sell up to $2,979,570 of its American Depositary Shares (ADSs) through an ATM offering.
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Significant Potential Dilution
The maximum offering amount represents approximately 15.8% of the company's current market capitalization, indicating substantial potential dilution if fully utilized.
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Flexible Capital Access
This program provides the company with a flexible mechanism to raise capital from time to time, complementing its recent $2.96 million direct offering completed on March 13, 2026.
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Sales Agent Compensation
The Sales Agent will receive a commission of up to 3.0% of the gross sales price for shares sold under the program.
Analysis · TURB · Manufacturing
This filing announces the establishment of a new At-The-Market (ATM) offering program, allowing Turbo Energy to sell up to $2.98 million in American Depositary Shares. This provides the company with a flexible and ongoing method to raise capital, following a recently completed $2.96 million direct offering on March 13, 2026. While securing access to capital is crucial for a company of this size, the potential to issue shares representing approximately 15.8% of the current market capitalization indicates a significant potential for dilution. The existence of an ATM program can also create an overhang on the stock, as it signals a continuous supply of shares to the market. Investors should consider the dilutive impact and the company's ongoing need for capital.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TURB was trading at $1.46 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $18.8M. The 52-week trading range was $0.57 to $20.45. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.