Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 45

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 45
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 of common stock. Preferred stock, which could be issued with the right to more than one vote per share, could
be utilized as a method of discouraging, delaying, or preventing a change of control. The possible impact on takeover attempts could adversely
affect the price of our common stock. Although we have no present intention to issue any shares of preferred stock in addition to those
issued to Hyperscale in the Acquisition, we may issue such shares in the future.

Because we do not intend to pay dividends on our common stock, you
must rely on stock appreciation for any return on your investment.

We presently intend to retain any future earnings
and do not expect to pay any dividends in the foreseeable future. As a result, you must rely on stock appreciation and a liquid trading
market for any return on your investment. If an active and liquid trading market does not develop, you may be unable to sell your shares
of common stock at the time you would like to sell.

Anti-takeover provisions in our charter documents
could discourage, delay or prevent a change in control of our company and may affect the trading price of our common stock.

Our corporate documents and Nevada law contain
provisions that may enable our board of directors to resist a change in control of our company even if a change in control were to be
considered favorable by you and other shareholders. These provisions authorize the issuance of “blank check” preferred stock
that could be issued by our board of directors to help defend against a takeover attempt. Further, Nevada law prohibits large shareholders,
in particular those owning 10% or more of our outstanding voting stock, from merging or consolidating with us except under certain circumstances.
These provisions and other provisions under Nevada law could discourage, delay or prevent a transaction involving a change in control
of our company. These provisions could also discourage proxy contests and make it more difficult for you and other shareholders to elect
directors of your choosing and cause us to take other corporate actions you desire.

The regulation of penny stocks by the SEC and FINRA may have an
effect on the tradability of our securities.

Our shares of common stock are currently quoted
on the Pink Open Market (Current Information). Our common stock is subject to a Securities and Exchange Commission rule that imposes special
sales practice requirements upon broker-dealers who sell such securities to persons other than established customers or accredited investors.
For purposes of the rule, the phrase “accredited investors” means, in general terms, institutions with assets in excess of
$