secwatch.observer — SEC 8-K summary
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Issuer:     TurnOnGreen, Inc. (TOGI)
CIK:        0001349706
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001214659-23-005286
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1349706/000121465923005286/0001214659-23-005286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1349706/000121465923005286/r4112308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-005286

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