Imperalis Holding completes reverse merger with TurnOnGreen; new CEO and business focus

TurnOnGreen, Inc.

Acquisition closed Sept 6: BitNile contributed TOGI shares to IMHC, receiving 25,000 Series A Preferred shares ($25M liquidation preference).
Amos Kohn appointed CEO and board member; Darren Magot resigned as CEO but remains on board.
IMHC ceases shell company status; now operates Digital Power and TOGT in power conversion and EV charging.
Post-acquisition shares outstanding: 161,704,695; BitNile beneficially owns majority via Series A conversion rights.
IMHC intends to change name to TurnOnGreen, Inc. and close upstream merger of TOGI into IMHC.

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