Company: TOGIW
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001214659-25-006296
Chunk: 41

Company: TurnOnGreen, Inc.
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1A
Chunk 41
---
 will have the ability to control all matters affecting us, including:

  the composition of our Board and, through our Board, any determination with respect to our business plans  

  22  

  any determinations with respect to mergers, acquisitions and other business combinations;  

  our acquisition or disposition of assets;  

  our financing activities;  

  changes to our articles of incorporation and bylaws;  
 ────────────────────────────────────────────────────────

  corporate opportunities that may be suitable for us and Hyperscale;  
 ───────────────────────────────────────────────────────────────────────

  determinations with respect to enforcement of rights we may have against third parties, including with  
  respect to intellectual property rights;                                                                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────

  the payment of dividends on our common stock;  

  the number of shares available for issuance under our stock plan for our prospective and existing employees;  

  the strategy, direction and objectives of our business.  

It should be noted that Hyperscale may not require
beneficial ownership amounting to an outright majority to control or very strongly influence any of the above matters, in part because
many shareholders would not attend, whether in person or not, any of our shareholder meetings(s). If Hyperscale does not provide any requisite
consent allowing us to conduct such activities when requested, we will not be able to conduct such activities and, as a result, our business
and our operating results may be harmed. Hyperscale’s voting control and its additional rights described above may discourage
transactions involving a change of control of us, including transactions in which you as a holder of our common stock might otherwise
receive a premium for your shares over the then-current market price. Hyperscale is not prohibited from selling a controlling interest
in us to a third party and may do so without your or our approval and without providing for a purchase of your shares of common stock.
Accordingly, your shares of common stock may be worth less than they would be if Hyperscale did not maintain voting control over us or
have the additional rights described above.

Hyperscale’s interests and objectives as
a shareholder may not align with, or may even directly conflict with, your interests and objectives as a shareholder. For example, Hyperscale
may be more or less interested in us entering into a transaction or conducting an activity due to the impact such transaction or activity
may have on Hyperscale as