secwatch.observer — SEC 8-K summary
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Issuer:     TurnOnGreen, Inc. (TOGI)
CIK:        0001349706
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0001214659-22-010929
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 4.01, 5.02, 5.03, 5.06, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349706/000121465922010929/0001214659-22-010929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349706/000121465922010929/r8112208k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-010929

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