Turbo Energy Updates Enerfip Crowdfunding Deal
Ticker: TURB · Form: 6-K · Filed: Oct 29, 2024 · CIK: 1963439
| Field | Detail |
|---|---|
| Company | Turbo Energy, S.A. (TURB) |
| Form Type | 6-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $989,886 |
| Sentiment | neutral |
Sentiment: neutral
Topics: crowdfunding, renewable-energy, agreement-update, foreign-private-issuer
TL;DR
Turbo Energy's 6-K confirms its August 26th deal with French renewable energy crowdfunding platform Enerfip is still active.
AI Summary
Turbo Energy, S.A. filed a Form 6-K on October 29, 2024, providing an update on its agreement with Enerfip, a France-based crowdfunding platform for renewable energy projects. This agreement, initially disclosed on September 11, 2024, was entered into on August 26, 2024. The filing is for the month of October 2024 and indicates Turbo Energy files annual reports under Form 20-F.
Why It Matters
This filing provides transparency on Turbo Energy's ongoing relationship with a key European crowdfunding platform, potentially impacting its access to project financing.
Risk Assessment
Risk Level: low — This is a routine disclosure filing (6-K) providing an update on a previously announced agreement, with no new material financial events or significant changes indicated.
Key Players & Entities
- Turbo Energy, S.A. (company) — Registrant
- Enerfip (company) — Crowdfunding platform partner
- August 26, 2024 (date) — Date of Agreement with Enerfip
- September 11, 2024 (date) — Date of previous disclosure
- October 2024 (date) — Reporting period for the 6-K
FAQ
What is the purpose of this Form 6-K filing?
The Form 6-K is a Report of Foreign Private Issuer filed for the month of October 2024, providing an update on an agreement with Enerfip.
When was the agreement with Enerfip initially entered into?
The agreement with Enerfip was entered into on August 26, 2024.
When was the agreement with Enerfip first disclosed to the SEC?
The agreement was previously disclosed on a Form 6-K filed on September 11, 2024.
What type of company is Enerfip?
Enerfip is described as a leading France-based crowdfunding platform dedicated to renewable energy projects.
Does Turbo Energy file annual reports under Form 20-F or 40-F?
Turbo Energy indicates it files annual reports under cover of Form 20-F.
Filing Stats: 307 words · 1 min read · ~1 pages · Grade level 12.9 · Accepted 2024-10-29 16:30:26
Key Financial Figures
- $989,886 — ceeds of €914,110 (approximately US$989,886) through a 36-month simple debt bond wi
Filing Documents
- ea0218837-6k_turbo.htm (6-K) — 14KB
- 0001213900-24-091755.txt ( ) — 15KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number: 001-41813 TURBO ENERGY, S.A. (Name of Registrant) Street Isabel la Católica, 8, Door 51, Valencia, Spain 46004 (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F EXPLANATORY NOTE As previously disclosed on the Form 6-K filed with the United States Securities and Exchange Commission on September 11, 2024, Turbo Energy, S.A. (“Turbo Energy” or the “Company”), a company organized under the laws of the Kingdom of Spain, entered into an agreement dated August 26, 2024 (the “Agreement”) with Enerfip, a leading France-based crowdfunding platform dedicated to renewable energy projects and regulated by the French Financial Markets Authority and Prudential Control and Resolution Authority. Pursuant to the Agreement, on October 24, 2024, the Company closed on subscriptions by European individual investors, raising total gross proceeds of €914,110 (approximately US$989,886) through a 36-month simple debt bond with an interest rate of 8.75%. Turbo Energy is exploring with Enerfip a second campaign that may offer similar terms in the near term. The proceeds will be utilized to support the Company’s plans to accelerate its international expansion initiatives, with particular focus on introduction of Turbo Energy’s proprietary SUNBOX solar energy storage solutions to the U.S. and South American markets. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TURBO ENERGY, S.A. Date: October 28, 2024 By: /s/ Mariano Soria Mariano Soria Chief Executive Officer 2