Turbogen Ltd.

F-1/A amended

2,066,243 shares

F-1/A amended

3,056,248 shares · Gross proceeds $0.00

Turbogen Ltd., a development-stage clean-energy technology company, is preparing for a U.S. IPO with an F-1/A filing. The company has no revenue, operates at a significant loss, and faces substantial doubt about its ability to continue as a going concern. Financial statements show a $19.5M net loss for 2025, negative cash flow, and reliance on fundraising. The company plans to list on Nasdaq, having raised $12M through share issuances and $4.7M in convertible loans since its 2021 Israeli IPO. Audit reports highlight liquidity risks and management's uncertainty about future funding.

F-1/A amended

Turbogen Ltd. filed an amendment (F-1/A) to its initial registration statement (F-1) to add exhibits related to indemnification agreements, loan agreements, and warrant issuances. The filing highlights recent unregistered securities sales, including convertible loans, warrants, and share conversions, primarily to investors and related parties. The company also details its indemnification policies for directors and officers under Israeli law, along with risks related to its financial position, including accumulated losses and reliance on external financing.

F-1 filed

3,056,248 shares

Turbogen Ltd. is a development-stage clean-energy technology company focused on multi-fuel micro-turbine systems for on-site electricity and heat generation. The company has not generated operational revenues and continues to incur losses, relying on fundraising and grants. The financial statements highlight significant liquidity challenges, with accumulated losses and a working capital deficit. The auditor raised substantial doubt about the company's ability to continue as a going concern, citing ongoing negative cash flows and dependence on external financing.

DRS/A amended

DRS filed