secwatch.observer — SEC 8-K summary
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Issuer:     TurnOnGreen, Inc. (TOGI)
CIK:        0001349706
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001214659-22-012277
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Lending converts $101,528.77 note into 10.99M shares at $0.01 each
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- Ault Lending converted entire outstanding Convertible Note principal ($101,528.77) plus accrued interest into 10,990,142 common shares on Oct 12, 2022.
- Conversion price was $0.01 per share; note originally issued Dec 2021, matures Dec 15, 2023, with 10% annual interest.
- Shares issued under Section 3(a)(9) exemption from Securities Act; no registration required due to exchange of securities.
- No new cash proceeds; conversion extinguishes note liability and increases outstanding share count by 10.99 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349706/000121465922012277/0001214659-22-012277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349706/000121465922012277/g10132228k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-012277

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