Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 44

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 44
---
 our common stock.

The price of our common stock may have little
or no relationship to the historical bid prices of our common stock on the Pink Open Market (Current Information).

There has been no public market for our capital
stock other than on the Pink Open Market (Current Information). Given the limited history of sales and the lack of publicly available
information about our business, financing and financial results available, among other factors, this information may have little or no
relation to broader market demand for our common stock and thus the price of our common stock. As a result, you should not rely on these
historical sales prices as they may differ materially from subsequent prices of our common stock following the Distribution.

Future sales, or the perception of future sales,
of a substantial amount of our shares of common stock could depress the trading price of our common stock.

If we or our shareholders sell substantial amounts
of our shares of common stock in the public market following the Distribution or if the market perceives that these sales could occur,
the market price of shares of our common stock could decline. These sales may make it more difficult for us to sell equity or equity-linked
securities in the future at a time and price that we deem appropriate, or to use equity as consideration for future acquisitions.

  24  

As of the date of this filing, we have 2,000,000,000 shares
of common stock and 50,000,000 shares of “blank check” preferred stock authorized. As of April 22, 2025, we had 183,983,122
shares of common stock outstanding. Of these shares, 170,808,311 shares of common stock are currently held by unaffiliated shareholders.
However, these figures do not take into account issuances of common stock that we may make between now and the Distribution Date, including
those subject to conversion of Hyperscale’s preferred stock, nor does it account for any other shares that may be issued, including
but not limited to such shares awarded under a management incentive plan that we intend to establish before the Distribution.

The rights of the holders of common stock may
be impaired by the potential issuance of preferred stock.

Our articles of incorporation give our board of
directors the right to create new series of preferred stock. As a result, the board of directors may, without shareholder approval, issue
preferred stock with voting, dividend, conversion, liquidation, or other rights which could adversely affect the voting power and equity
interest of the holders