SCHEDULE: Umbrella Solar Reduces Turbo Energy Stake to 89.60%
Amendment to Beneficial Ownership Statement
Umbrella Solar Investment S.A., controlled by Enrique Selva Bellvis, sold 727,450 American Depositary Shares of Turbo Energy, S.A. for approximately $646,000.
Summary
- Umbrella Solar Investment S.A., the beneficial owner, filed an Amendment No. 1 to Schedule 13D regarding its ownership in TURBO ENERGY, S.A.
- Umbrella Solar Investment S.A. sold a total of 727,450 American Depositary Shares (ADSs) of Turbo Energy, S.A. in the open market.
- These sales occurred between October 2, 2025, and October 9, 2025, at prices ranging from $3.94 to $5.01 per ADS.
- The aggregate consideration received from these transactions was approximately $646,000.
- Following these sales, Umbrella Solar Investment S.A. directly holds 49,358,250 ordinary shares of Turbo Energy, S.A.
- This remaining stake represents 89.60% of the total outstanding ordinary shares of Turbo Energy, S.A., based on 55,085,700 shares outstanding as of February 13, 2024.
- Enrique Selva Bellvis, Chairman of Turbo Energy, S.A., is deemed the beneficial owner of these shares through his controlling interests in Umbrella Solar Investment S.A.
Sentiment
Score: 4
Explanation: The filing reports a sale of a portion of the beneficial owner's stake, which can be perceived as a slight negative signal, although the remaining ownership percentage is still very high (89.60%).
Positives
- Enrique Selva Bellvis, Chairman of Turbo Energy, S.A., remains the ultimate beneficial owner of 89.60% of the company's ordinary shares, indicating strong insider commitment and alignment of interests.
Negatives
- Umbrella Solar Investment S.A. sold 727,450 American Depositary Shares (ADSs) of Turbo Energy, S.A. in the open market, reducing its overall stake.
- The sale generated approximately $646,000, which represents a divestment by a significant shareholder.
Risks
- The Reporting Person (Umbrella Solar Investment S.A.) explicitly reserves the right to dispose of any additional securities of the Issuer, which could lead to further sales and potential market pressure on the share price.
Future Outlook
The Reporting Person intends to continuously review its investment and reserves the right to acquire additional securities, dispose of existing securities, or formulate other plans to maximize investment value, considering market conditions and company developments. However, there are no current plans for extraordinary corporate transactions, changes in board or management, capitalization or dividend policy, or other material changes to the Issuer's business or corporate structure.
Management Comments
- "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct." Enrique Selva Bellvis, Chief Executive Officer of Umbrella Global Energy S.A.
Industry Context
NA
Related Party Transactions
- Enrique Selva Bellvis, Chairman of Turbo Energy, S.A., is the sole owner of Crocodile Investment, S.L.U., which owns 54% of Umbrella Solar Investment S.A., and also personally owns 23.21% of Umbrella Solar Investment S.A., establishing a clear related-party control structure over the beneficial ownership.
Stakeholder Impact
- Shareholders: The sale by a major shareholder, even if a small percentage of their total holding, could introduce some uncertainty or perceived downward pressure on the stock price. However, the continued high ownership stake (89.60%) suggests ongoing alignment of interests with the company's long-term performance.
- Management: No direct impact on the management structure or operational strategies of Turbo Energy, S.A. is indicated by this filing.
Next Steps
- The Reporting Person intends to continuously review its investment in Turbo Energy, S.A. and reserves the right to change its plans or intentions regarding its holdings.
Key Dates
| Date | Description |
|---|---|
| September 18, 2013 | Turbo Energy, S.A. incorporated under the name Distritech Solutions S.L. |
| October 7, 2013 | Company name changed to Solar Rocket S.L. |
| November 29, 2013 | Mr. Enrique Selva Bellvis sold 3,000 ordinary shares to Crocodile Investment S.L. |
| March 6, 2015 | Crocodile Investment S.L. sold 300 ordinary shares to Don Francisco de Borja Pellicer Lopez. |
| June 8, 2015 | Don Francisco de Borja Pellicer Lopez sold 300 ordinary shares back to Crocodile Investment S.L. |
| July 16, 2015 | Crocodile Investment S.L. sold 300 ordinary shares to Don Manuel Cercos D Aversa and 300 shares to Don Jose Jorge Alemany Monzo. |
| May 5, 2016 | Don Jose Jorge Alemany Monzo sold 300 shares back to Crocodile Investment S.L. |
| March 20, 2018 | Crocodile Investment S.L. transferred 2,700 ordinary shares to Umbrella Solar Investment S.A. (previously Umbrella Capital S.L.). |
| April 8, 2021 | Solar Rocket S.L. merged with Turbo Energy S.L.U. and subsequently changed its name to Turbo Energy S.L. |
| December 2022 | Turbo Energy S.A. issued 50,000,000 shares (pre-stock split: 2,500,000 shares) of common stock for proceeds of €2,500,000 to its parent company. |
| February 8, 2023 | Turbo Energy S.L. transformed into a Spanish limited stock company, changing its name to Turbo Energy S.A. |
| February 13, 2024 | Date used for calculating the total outstanding ordinary shares (55,085,700). |
| October 2, 2025 | Start date of the period during which Umbrella Solar Investment S.A. sold ADSs. |
| October 9, 2025 | End date of the period during which Umbrella Solar Investment S.A. sold ADSs, and the 'Date of Event Which Requires Filing of This Statement'. |
| October 14, 2025 | Date of signature for this Amendment No. 1 filing. |
Keywords
Turbo Energy S.A., Umbrella Solar Investment S.A., SEC Filing, Schedule 13D, Beneficial Ownership, Share Sale, ADS, Enrique Selva Bellvis, Corporate Governance, Equity Stake, Umbrella Global Energy S.A.
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