{"url_path":"/sec/turb/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITIES HOLDERS","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1963439/0001213900-26-057672-index.html","accession_number":"0001213900-26-057672","cik":"0001963439","ticker":"TURB","issuer_name":"Turbo Energy, S.A.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1963439/0001213900-26-057672-index.html","primary_entity_key":"0001963439","primary_entity_name":"Turbo Energy, S.A."},"word_count":148,"has_tables":true,"body_markdown":"** **\n\n**ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITIES HOLDERS\nAND USE OF PROCEEDS**\n\n \n\n**Material Modifications to the Rights of\nSecurities Holders**\n\n \n\nThere have been no material\nmodifications to the rights of our security holders.\n\n* *\n\n**Use of Proceeds**\n\n \n\nFor the period from September\n2023, the date that the F-1 Registration Statement was declared effective by the SEC, to December 31, 2025, the following is our reasonable\nestimate of the uses of the proceeds from the IPO:\n\n \n\n \n●\nApproximately $ 0.1 million was used for recruiting\ntalent;\n\n \n\n \n●\nApproximately $ 0.1 million was used for software\nand hardware development; and\n\n \n\n \n●\nApproximately $ 0.9 million was used for general operational\npurposes and working capital.\n\n \n\nThere has not been any material\nchange in the planned use of proceeds from the initial public offering as described in the prospectus filed with the SEC pursuant to\nRule 424(b)(4) under the Securities Act."}