{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-011554","form_type":"8-K","ticker":"TOGI","cik":"0001349706","company_name":"TurnOnGreen, Inc.","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.679170+00:00","generated_at":"2026-06-11T06:01:59.736341+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Imperalis enters $2M credit facility with affiliate Ault Alliance, draws ~$1.08M immediately","bullets":["Non-revolving credit facility up to $2,000,000 with Ault Alliance, an affiliate of Imperalis.","Advances bear 10% interest and are due 5 business days after demand; no further advances after Dec 31, 2023.","Immediate draw of $1,080,458 to settle prior loans from Ault Alliance and its subsidiary.","Facility secured by first-priority lien on substantially all assets of Imperalis and its subsidiaries.","Loan and Security Agreement dated August 15, 2023; filing made August 21, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-011554","json":"https://secwatch.observer/filing/0001214659-23-011554.json","markdown":"https://secwatch.observer/filing/0001214659-23-011554.md","text":"https://secwatch.observer/filing/0001214659-23-011554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1349706/000121465923011554/0001214659-23-011554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1349706/000121465923011554/b8212308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:01:59.736341+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"188f93dd0a3f7f48191de30e4dd3a56be2130c9e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1349706/000121465923011554/0001214659-23-011554-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $2,000,000"},{"label":"Counterparty","value":"Ault Alliance, Inc."},{"label":"Rate","value":"10.0% per annum"},{"label":"Maturity","value":"within five business days after request by AAI"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8e99d5fc36782d2e6cc82792af608ad6d13d5984","claim":"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).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1349706/000121465923011554/0001214659-23-011554-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Ault Alliance, Inc."},{"label":"Value","value":"up to $2,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-08-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}