8-K
filed December 21, 2021, 6:59 PM ET
ticker TOGI
CIK 0001349706
M&A
confidence high
sentiment negative
materiality 0.85
BitNile acquires ~90% of Imperalis Holding for $200k; new CEO and CFO appointed
TurnOnGreen, Inc.
- BitNile purchased 129,363,756 shares (approx. 90% of common stock) from three sellers for $200,000.
- Former officers Vincent Andreula, Michael Andreula, and Kristie Andreula resigned; Vincent Andreula resigned as director.
- Henry Nisser appointed CEO and director; David Katzoff appointed CFO, Secretary, Treasurer; both part-time, unpaid.
- Company issued convertible promissory note to Digital Power Lending for $101,528.77 (10% interest, convertible at $0.01/share, due Dec 2023).
- BitNile is a subsidiary of BitNile Holdings; new officers also hold roles at BitNile Holdings and affiliates.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Henry Nisser was appointed as Director at TurnOnGreen, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On the Closing Date, the Company appointed Henry Nisser as its Chief Executive Officer and a director and David J. Katzoff as its Chief Financial Officer, Secretary and Treasurer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vincent Andreula resigned as other_named_officer at TurnOnGreen, Inc..
- Action
- resigned
Exact text from the filing
On the Closing Date, Messrs. Vincent Andreula and Michael Andreula, and Ms. Kristie Andreula, resigned as the Company's officers.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vincent Andreula resigned as Director at TurnOnGreen, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In addition, Mr. Vincent Andreula resigned as director on the Closing Date and his resignation is to be effective upon the 10th day after the mailing of a Schedule 14F-1, in accordance with Rule 14f-1 under the Securities Exchange Act of 1934, to the Company's stockholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Andreula resigned as other_named_officer at TurnOnGreen, Inc..
- Action
- resigned
Exact text from the filing
On the Closing Date, Messrs. Vincent Andreula and Michael Andreula, and Ms. Kristie Andreula, resigned as the Company's officers.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kristie Andreula resigned as other_named_officer at TurnOnGreen, Inc..
- Action
- resigned
Exact text from the filing
On the Closing Date, Messrs. Vincent Andreula and Michael Andreula, and Ms. Kristie Andreula, resigned as the Company's officers.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David J. Katzoff was appointed as Chief Financial Officer at TurnOnGreen, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On the Closing Date, the Company appointed Henry Nisser as its Chief Executive Officer and a director and David J. Katzoff as its Chief Financial Officer, Secretary and Treasurer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Henry Nisser was appointed as Chief Executive Officer at TurnOnGreen, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On the Closing Date, the Company appointed Henry Nisser as its Chief Executive Officer and a director and David J. Katzoff as its Chief Financial Officer, Secretary and Treasurer.
View on SEC.gov
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