08:44 AM EDT, 06/05/2026 (MT Newswires) -- Turbo Energy ( TURB ) said Friday that it has regained compliance with Nasdaq's minimum stockholders' equity requirement after strengthening its balance sheet through approximately $5 million in capital raises.

The company said Nasdaq confirmed it now meets the $2.5 million minimum stockholders' equity threshold under Listing Rule 5550(b)(1) following a review of its June 3 filing.

The compliance milestone follows a registered direct offering and issuances under the company's at-the-market program, which together generated roughly $5 million in gross proceeds, it said.

Turbo Energy ( TURB ) shares were 4.5% higher in premarket trading.