Nasdaq confirms Turbo Energy regained compliance with minimum equity requirements following a recent regulatory filing.
Turbo Energy (TURB) announced Nasdaq has confirmed its compliance with the minimum stockholders’ equity requirement under Listing Rule 5550(b)(1). The decision follows Nasdaq’s review of the company’s Form 6-K filed in June.
The requirement mandates listed companies maintain a minimum level of shareholders’ equity to remain on the exchange. Turbo Energy’s prior non-compliance had triggered a review period, which has now been resolved.
No immediate market reaction was disclosed in the announcement.