---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-005286"
form_type: "8-K"
ticker: "TOGI"
cik: "0001349706"
company_name: "TurnOnGreen, Inc."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T02:58:10.471016+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Imperalis enters $300k note with FAR Holdings, receives $250k cash and issues warrants

## Summary
- Borrowed $250k; issued promissory note with $300k face value ($50k original issue discount), no interest.
- Issued warrants to purchase 1,000,000 common shares at $0.044 per share, exercisable for five years.
- Note requires three payments of $100k each on May 6, June 6, and July 6, 2023.
- Default triggers a 3% fee on overdue amount; prepayment permitted without penalty.

## SEC filing metadata
- accession: 0001214659-23-005286
- form_type: 8-K
- ticker: TOGI
- cik: 0001349706
- company_name: TurnOnGreen, Inc.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1349706/000121465923005286/0001214659-23-005286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1349706/000121465923005286/r4112308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-005286
- JSON: https://secwatch.observer/filing/0001214659-23-005286.json
- Plain text: https://secwatch.observer/filing/0001214659-23-005286.txt

## Key facts
- Debt Financings
  TurnOnGreen, Inc. incurred loan of $300,000 with FAR Holdings International, LLC at bears no interest maturing July 6, 2023.
  - Instrument: loan
  - Principal: $300,000
  - Counterparty: FAR Holdings International, LLC
  - Rate: bears no interest
  - Maturity: July 6, 2023
  - Event: incurrence
  source text: the Company borrowed $250,000 and issued a promissory note to the Investor in the principal face amount of $300,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1349706/000121465923005286/0001214659-23-005286-index.htm
- Material Agreements
  TurnOnGreen, Inc. entered into Purchase Agreement with FAR Holdings International, LLC valued at $300,000 (effective 2023-04-06).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: FAR Holdings International, LLC
  - Value: $300,000
  - Effective: 2023-04-06
  source text: On April 6, 2023 (the “Closing Date”), Imperalis Holding Corp., a Nevada corporation (the “ Company ”), entered into a Purchase Agreement (the “ Agreement ”) with FAR Holdings International, LLC (the “ Investor ”) pursuant to which the Company borrowed $250,000 and issued a promissory note to the Investor in the principal face amount of $300,000 (the “ Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1349706/000121465923005286/0001214659-23-005286-index.htm

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