Turbo Energy sets up $2,979,570 ATM share program
Turbo Energy, S.A. has entered into a Sales Agreement with A.G.P./Alliance Global Partners to set up an at-the-market equity program.
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Rhea-AI Filing Summary
Turbo Energy, S.A. has entered into a Sales Agreement with A.G.P./Alliance Global Partners to set up an at-the-market equity program. The company may from time to time sell American Depositary Shares for an aggregate offering price of up to $2,979,570, with each ADS representing 5 ordinary shares.
Sales will be made through the agent under the company’s effective Form F-3 shelf registration and a March 25, 2026 prospectus supplement. Turbo Energy will pay the sales agent a commission of up to 3.0% of the gross sales price and has standard indemnification and expense reimbursement arrangements. The company can suspend or terminate the program, which also ends if all shares are sold or when the registration statement expires.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Turbo Energy (TURB) announce in this 6-K filing?
How large is Turbo Energy’s at-the-market offering under the new agreement?
What securities can Turbo Energy sell under this ATM program?
What fees will Turbo Energy pay to the sales agent for the ATM offering?
When does Turbo Energy’s at-the-market Sales Agreement terminate?
Under which registration statement is Turbo Energy’s ATM offering being conducted?
AI-generated analysis. How Rhea-AI works. Not financial advice.