---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-004178"
form_type: "8-K"
ticker: "TOGI"
cik: "0001349706"
company_name: "TurnOnGreen, Inc."
filed_at: "2022-03-21T23:59:59+00:00"
generated_at: "2026-06-26T21:18:46.613539+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Imperalis to acquire TurnOnGreen from BitNile in exchange for $25M preferred stock

## Summary
- Parent BitNile contributes all TurnOnGreen shares and forgives ~$25M in intracompany accounts for 25,000 Series A Preferred shares ($1,000 stated value each).
- Post-closing, IMHC will rename to TurnOnGreen, Inc.; TOGI becomes wholly owned subsidiary; IMHC common stock remains outstanding.
- Closing subject to delivery of audited financials of TOGI and other customary conditions.
- IMHC Preferred Stock carries $25M liquidation preference, is convertible to common at Parent's option, and is redeemable by Parent.

## SEC filing metadata
- accession: 0001214659-22-004178
- form_type: 8-K
- ticker: TOGI
- cik: 0001349706
- company_name: TurnOnGreen, Inc.
- filed_at: 2022-03-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1349706/000121465922004178/0001214659-22-004178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1349706/000121465922004178/c3212218k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-004178
- JSON: https://secwatch.observer/filing/0001214659-22-004178.json
- Plain text: https://secwatch.observer/filing/0001214659-22-004178.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.