Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TurnOnGreen, Inc. incurred credit facility of up to $2,000,000 with Ault Alliance, Inc. at 10.0% per annum maturing within five business days after request by AAI.
- Instrument
- credit facility
- Principal
- up to $2,000,000
- Counterparty
- Ault Alliance, Inc.
- Rate
- 10.0% per annum
- Maturity
- within five business days after request by AAI
- Event
- incurrence
Exact text from the filing
On August 15, 2023, Imperalis Holding Corp., a Nevada corporation (the “ Company ”), entered into a Loan and Security Agreement (the “ Credit Agreement ”) with Ault Alliance, Inc., a Delaware corporation, as lender (“ AAI ”). The Credit Agreement provides for a secured, non-revolving credit facility in an aggregate principal amount of up to $2,000,000. All loans under the Credit Agreement (collectively, the “ Advances ”) are due within five business days after request by AAI
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TurnOnGreen, Inc. entered into Loan and Security Agreement with Ault Alliance, Inc. valued at up to $2,000,000 aggregate principal amount (effective 2023-08-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Ault Alliance, Inc.
- Value
- up to $2,000,000 aggregate principal amount
- Effective
- 2023-08-15
Exact text from the filing
On August 15, 2023, Imperalis Holding Corp., a Nevada corporation (the “ Company ”), entered into a Loan and Security Agreement (the “ Credit Agreement ”) with Ault Alliance, Inc., a Delaware corporation, as lender (“ AAI ”).
View on SEC.gov