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Recent press releases and 8-K filings for TOGI.
TurnOnGreen, Inc. Secures Up To $1.65 Million in Convertible Note Financing
TOGI
Debt Issuance
Convertible Preferred Issuance
- TurnOnGreen, Inc. (TOGI) issued a Secured Convertible Promissory Note to SJC Lending LLC on October 29, 2025, with an initial principal amount of $440,000 for a purchase price of $400,000.
- The note carries a 12% annual interest rate, matures on October 29, 2026, and was issued with a 10% original issuance discount.
- It is convertible into common stock at a conversion price that is the greater of $0.035 per share or a 20% discount to the lowest volume-weighted average price (VWAP) during the ten trading days prior to conversion.
- The agreement outlines seven tranche closings, with the initial tranche completed. The total potential principal amount from all tranches is $1,650,000, contingent on conditions such as the filing and effectiveness of an SEC registration statement.
- The company is subject to negative covenants restricting actions such as incurring additional indebtedness, declaring dividends, or issuing additional equity until the notes are repaid or fully converted.
Oct 29, 2025, 8:30 PM
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