TurboGen, an Israeli microturbine developer, completed a direct listing on the Nasdaq Capital Market on August 31, 2026 under the ticker TRBG, without raising new capital. The company, which has generated no revenue and employs 18 people, reported a net loss of approximately $9.23 million over the past twelve months. 2.07 million existing shares were made available for resale at approximately $4.42 per share. The stock has lost approximately 42% of its value between March and August 2026 on the Tel Aviv Stock Exchange, dropping from NIS 23.01 to NIS 13.22.
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