other material
confidence high
sentiment neutral
materiality 0.10
Imperalis Holding completes internal merger with subsidiary, acquiring two operating units
TurnOnGreen, Inc.
- Effective Sept. 8, 2022, wholly owned subsidiary TurnOnGreen merged into IMHC via short-form merger under Nevada law.
- IMHC acquired Digital Power Corporation and TOG Technologies, Inc. from TOG as part of the reorganization.
- No change in shareholder rights, management, headquarters, business, or stock symbol (OTC Pink: IMHC).
- Merger intended to qualify as tax-free reorganization under IRC Section 368.