---
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"
generated_at: "2026-06-11T06:01:59.736341+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Imperalis enters $2M credit facility with affiliate Ault Alliance, draws ~$1.08M immediately

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-011554
- JSON: https://secwatch.observer/filing/0001214659-23-011554.json
- Plain text: https://secwatch.observer/filing/0001214659-23-011554.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1349706/000121465923011554/0001214659-23-011554-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1349706/000121465923011554/0001214659-23-011554-index.htm

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