Turbogen Ltd. announces Nasdaq listing approval, enhancing visibility and liquidity for investors starting August 31, 2026.
Quiver AI Summary
Turbogen Ltd. has announced that its ordinary shares have been approved for listing on the Nasdaq Capital Market, beginning on August 31, 2026, under the ticker symbol "TRBG," while continuing to be listed on the Tel Aviv Stock Exchange as "TURB." The company, which develops combined heat and power systems using multifuel microturbines, expressed pride in this achievement, believing that the Nasdaq listing will enhance its global presence and visibility to investors and partners. This move aims to facilitate investment opportunities and increase liquidity for their shares, according to Chief Financial Officer Neta Zruya Hashai. The company's legal representation for this listing was provided by Sullivan & Worcester.
Potential Positives
- Turbogen Ltd.'s ordinary shares have been approved for listing on the Nasdaq Capital Market, enhancing its visibility and credibility in the financial markets.
- The Nasdaq listing is expected to increase liquidity for Turbogen's shares, making it easier for both U.S.-based and international investors to engage with the company.
- This milestone will help expand Turbogen's global reach and attract new business partners, potentially leading to future growth opportunities.
- The company will continue to maintain its listing on the Tel Aviv Stock Exchange, allowing it to leverage both U.S. and Israeli markets for investor engagement.
Potential Negatives
- The press release heavily emphasizes forward-looking statements regarding the potential benefits of the Nasdaq listing, which carries inherent risks and uncertainties that could lead to disappointing outcomes for investors.
- The company's reliance on the new Nasdaq listing for increased visibility and liquidity suggests that its current market presence may be lacking or unstable.
- The mention of "Risks and uncertainties" indicates potential vulnerabilities that may affect investor confidence and the company's future performance.
FAQ
When will Turbogen's shares start trading on Nasdaq?
Turbogen's ordinary shares will begin trading on Nasdaq on August 31, 2026, at market open.
What is the ticker symbol for Turbogen on Nasdaq?
The ticker symbol for Turbogen on Nasdaq is "TRBG."
Will Turbogen continue trading on the Tel Aviv Stock Exchange?
Yes, Turbogen will maintain its listing on the Tel Aviv Stock Exchange under the symbol "TURB."
What benefits does Turbogen anticipate from the Nasdaq listing?
Turbogen believes the Nasdaq listing will enhance its global reach, investor profile, and share liquidity.
Who provided legal counsel for the Nasdaq listing process?
Sullivan & Worcester acted as Turbogen's legal counsel in connection with the Nasdaq listing.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
PETAH TIKVA, Israel, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Turbogen Ltd. (NASDAQ:TRBG) (TASE:TURB) (“Turbogen” or the “Company”), developer of combined heat and power systems based on multifuel microturbines, today announced that its ordinary shares have been approved for listing on the Nasdaq Capital Market (“Nasdaq”). The Company’s ordinary shares will begin trading on Nasdaq on August 31, 2026, at market open, under the ticker symbol “TRBG.” The Company will maintain the listing of its ordinary shares on the Tel Aviv Stock Exchange under the symbol “TURB.”
“We are proud and excited to achieve the milestone of listing our ordinary shares on Nasdaq,” stated Yaron Gilboa, Chief Executive Officer of Turbogen. “We believe the Nasdaq listing will help expand our global reach and raise our profile among investors and business partners.”
“This listing will make it easier for U.S.-based and international investors to be part of the Turbogen story as well as provide more liquidity for our shares and help raise our visibility among the investment and capital markets communities,” added Neta Zruya Hashai, Chief Financial Officer of Turbogen.
Sullivan & Worcester acted as Turbogen’s Israeli and U.S. legal counsel in connection with the Nasdaq listing.
About Turbogen
Founded in response to technologically address the threat of climate change and the lack of grid capacity, Turbogen Ltd. (NASDAQ:TRBG) (TASE:TURB) develops combined heat and power systems based on multifuel microturbines. These microturbines are used for local electricity, energy, and heat production. To learn more, please visit: https://turbogenchp.com .
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Turbogen is using forward looking statement in this press release when it discusses the impact of the Nasdaq listing on its profile, visibility and liquidity. Because such statements deal with future events and are based on Turbogen’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Turbogen could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Registration Statement on Form F-1 filed with the Securities and Exchange Commission (the “SEC”) on March 12, 2026. Copies are available on the SEC's website, www.sec.gov . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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