Company: TOGIW
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001214659-25-015980
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Company: TurnOnGreen, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
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 (ii) 20%
discount to the Company’s lowest VWAP (as defined in the Convertible Note) of the common stock during the ten trading days immediately
prior to the date of conversion into shares of common stock.

ITEM 2. MANAGEMENT’ S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Forward-Looking Statements

Certain statements in this Quarterly Report on
Form 10-Q, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Exchange Act of 1934, as amended (the “ Exchange Act”). These statements relate to future events or our future financial
performance. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,”
“expects,” “can,” “continue,” “could,” “estimates,” “expects,”
“intends,” “may,” “plans,” “potential,” “approximate,” “might,”
“budget,” “forecast,” “shall,” “project,” “predict,” “should”
or “will” or the negative of these terms or other comparable terminology. These statements are only predictions; uncertainties
and other factors may cause our actual results, levels of activity, performance or achievements to be materially different from any future
results, levels or activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe
that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity,
performance, achievements, or our ability to successfully remediate the material weakness in our internal control over financial reporting
in an appropriate and timely manner or at all, and the other factors described under “ Item 1A. Risk Factors” and elsewhere
in our Annual Report on Form 10-K filed with the SEC on April 23, 2025. Our expectations are as of the date this Quarterly Report is filed,
and we do not intend to update any of the forward-looking statements after the date this Quarterly Report is filed to confirm these statements
to actual results, unless required by law.

Plan of Operations

We are a premium custom power products and emerging
electric vehicle (“ EV”) electrification infrastructure solutions company, through our wholly owned subsidiaries Digital Power
Corporation (‘ DPC”) and TOG Technologies Inc. (“ TOGT”), design, develop, manufacture and sell highly engineered,
feature-rich, high-grade-power conversion and power system solutions