Business
Turbogen Ltd. Announces Public Filing of Registration Statement for Proposed Nasdaq Listing
Turbogen Ltd. (TASE: TURB), a pioneer in high-efficiency microturbine technology, today announced the public filing of its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC). This filing represents an important milestone in the company's pursuit of a dual listing on the Nasdaq Capital Market, a process currently underway and expected to conclude within the coming weeks.
About this update from Turbogen Ltd
[{"type":"text","content":"TEL AVIV, Israel, March 16, 2026 /PRNewswire/ -- Turbogen Ltd. (TASE: TURB), a pioneer in high-efficiency microturbine technology, today announced the public filing of its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC). This filing represents an important milestone in the company's pursuit of a dual listing on the Nasdaq Capital Market, a process currently underway and expected to conclude within the coming weeks.","length":466,"tagName":"p"},{"type":"text","content":"Strategic Financing and Market Entry","length":36,"tagName":"p"},{"type":"text","content":"In alignment with its listing strategy, Turbogen aims to meet Nasdaq's listing requirements without a traditional U.S. underwritten initial public offering (IPO). Upon the effectiveness of the registration statement, the company will finalize financing transaction, led by Mr. Alex Katz ,a real estate entrepreneur and prominent investor in the company, totaling $7.5 million.. This capital will be raised through:","length":418,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A strategic private placement.","length":30,"tagName":"p"}]},{"val":[{"type":"text","content":"The exercise of existing options previously approved by shareholders on November 25, 2025.","length":90,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":120,"olType":false},{"type":"text","content":"Further bolstering the company's position, controlling shareholder Anglo Turbo recently increased its stake by acquiring approximately $ 2.25 million in shares, signaling robust internal confidence in Turbogen's operational trajectory.","length":243,"tagName":"p"},{"type":"text","content":"Revolutionary Energy Solutions","length":30,"tagName":"p"},{"type":"text","content":"Turbogen specializes in breakthrough multi-fuel microturbine technology designed for on-site electricity and heat generation. By targeting the U.S. and European markets, the company is positioning itself as a global leader in the hybrid energy sector.","length":251,"tagName":"p"},{"type":"text","content":"The company's Combined Heat and Power (CHP) systems offer a compelling value proposition:","length":93,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Efficiency: Significant improvement in overall building energy utilizatio...