secwatch.observer — SEC 8-K summary
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Issuer:     TurnOnGreen, Inc. (TOGI)
CIK:        0001349706
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001214659-21-013472
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BitNile acquires ~90% of Imperalis Holding for $200k; new CEO and CFO appointed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349706/000121465921013472/0001214659-21-013472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349706/000121465921013472/m12212128k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-21-013472

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer