# EDGAR Filing Document

**Accession Number:** 0001399887
**File Stem:** 0000921895-25-002837
**Filing Date:** 2025-10
**Character Count:** 15444
**Document Hash:** 50beba0fc2d2b0db06513e4ccbb21487
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-002837.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000921895-25-002837

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TurnOnGreen, Inc.
- **CENTRAL INDEX KEY:** 0001349706
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRICAL INDUSTRIAL APPARATUS [3620]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 205648820
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-84724
- **FILM NUMBER:** 251437559

**BUSINESS ADDRESS:**
- **STREET 1:** 1421 MCCARTHY BLVD.
- **CITY:** MILPITAS
- **STATE:** CA
- **ZIP:** 95035
- **BUSINESS PHONE:** (510) 657-2635

**MAIL ADDRESS:**
- **STREET 1:** 1421 MCCARTHY BLVD.
- **CITY:** MILPITAS
- **STATE:** CA
- **ZIP:** 95035

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IMPERALIS HOLDING CORP.
- **DATE OF NAME CHANGE:** 20210326

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COLOURED (US) INC.
- **DATE OF NAME CHANGE:** 20060112
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Caspi Steven
- **CENTRAL INDEX KEY:** 0001399887

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 3010 WESTCHESTER AVENUE
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577

## Ex-1

Exhibit 1

**<u>Transactions in the Securities of the Issuer Since the Filing of the First Amendment to the Schedule 13D</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of the Transaction</u> | &nbsp;&nbsp; Amount of Securities<br> <u>Purchased/(Sold)</u> | &nbsp;&nbsp;<u>Price ($)</u> | &nbsp;&nbsp; Date of<br> <u>Purchase/Sale</u> |

---

**<u>SJC Lending, LLC</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;700000 | &nbsp;&nbsp;$0.079974 | &nbsp;&nbsp;10/09/2025 |
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;131105 | &nbsp;&nbsp;$0.090000 | &nbsp;&nbsp;10/10/2025 |
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;600000 | &nbsp;&nbsp;$0.082000 | &nbsp;&nbsp;10/15/2025 |
| &nbsp;&nbsp;Purchase | &nbsp;&nbsp;914971 | &nbsp;&nbsp;$0.089260 | &nbsp;&nbsp;10/29/2025 |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**TurnOnGreen, Inc.**

*(Name of Issuer)*

**Common Stock, $0.001 par value**

*(Title of Class of Securities)*

**45257M106**

*(CUSIP Number)*

**Kenneth Schlesinger, Esq.**<br>Olshan Frome Wolosky LLP<br>1325 Avenue of the Americas<br>New York NY 10019<br>212-451-2300

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/29/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **45257M106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**SJC Lending, LLC** | Name of reporting person<br>**SJC Lending, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**15847507.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**15847507.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**15847507.00** | Aggregate amount beneficially owned by each reporting person<br>**15847507.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**8.6%** | Percent of class represented by amount in Row (11)<br>**8.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **45257M106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CASPI STEVEN** | Name of reporting person<br>**CASPI STEVEN** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**15847507.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**15847507.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**15847507.00** | Aggregate amount beneficially owned by each reporting person<br>**15847507.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**8.6%** | Percent of class represented by amount in Row (11)<br>**8.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.001 par value

**(b) Name of Issuer:**
TurnOnGreen, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
1421 MCCARTHY BLVD., MILPITAS, CA, 95035

This Amendment No. 2 ("Amendment No. 2") amends the statement on Schedule 13D originally filed by the Reporting Persons on September 30, 2025, as amended (the "Schedule 13D"), and relates to the Common Stock, $0.001 par value, of TurnOnGreen, Inc. (the "Shares") Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 2 shall have the meaning assigned to such term in the Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) is hereby amended and restated as follows:

The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 183,983,122 Shares outstanding as of August 11, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 13, 2025.

As of the date hereof, SJC beneficially owned 15,847,507 Shares.

Percentage: Approximately 8.6%

As of the date hereof, Mr. Caspi, as the Manager of SJC, may be deemed to beneficially own the 15,847,507 Shares beneficially owned by SJC.

Percentage: Approximately 8.6%

**(b)**
Item 5(b) is hereby amended and restated as follows:

SJC:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 15,847,507
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 15,847,507

Mr. Caspi:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 15,847,507
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 15,847,507

**(c)**
Item 5(c) is hereby amended and restated as follows:

The transactions in the Shares by each of the Reporting Persons since the filing of the first amendment to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

On October 29, 2025 (the "Execution Date"), SJC entered into a Securities Purchase Agreement (the "SPA") with the Issuer, pursuant to which the Issuer agreed to sell to SJC convertible promissory notes in the aggregate principal amount of up to $1,650,000 (the "Convertible Notes") for a total purchase price of up to $1.5 million (the "Loan").

The consummation of the transactions contemplated by the SPA is subject to various customary closing conditions.

In addition, SJC entered into various collateral agreements in support of the Convertible Notes, including: (i) an Intellectual Property Security Agreement (the "IP Security Agreement"), pursuant to which the Issuer and its subsidiaries, Digital Power Corporation, a Delaware corporation ("Digital Power"), and TOG Technologies, Inc., a Nevada corporation ("TOGT" and, together with Digital Power, collectively, the "Subsidiaries"), granted SJC a continuing security interest in all of their right, title, and interest in certain trademarks, copyrights, patents, and mask works; (ii) a Security Agreement (the "Security Agreement"), pursuant to which the Issuer and the Subsidiaries granted SJC a security interest in substantially all of their respective assets as collateral for repayment of the Convertible Notes; and (iii) a Pledge Agreement (the "Pledge Agreement"), pursuant to which the Issuer pledged the capital stock of the Subsidiaries as additional collateral.

The material terms of the SPA and the Convertible Notes are summarized below.

Description of the SPA

The SPA provides that the Loan shall be conducted through seven (7) separate tranche closings, provided, however, that SJC has the ability, exercisable in its sole discretion, to purchase any principal face amount of Convertible Notes prior to the dates of the tranche closings provided for in the SPA.

Pursuant to the SPA, the initial tranche closing, which occurred on the Execution Date, consisted of the issuance of a Convertible Note to SJC in the principal face amount of Four Hundred Forty Thousand Dollars ($440,000), for a purchase price of Four Hundred Thousand Dollars ($400,000).

Pursuant to the SPA, subject to certain conditions being satisfied, following the filing by the Issuer with the Securities and Exchange Commission (the "SEC") of a registration statement (the "Registration Statement") registering for resale under the Securities Act of 1933, as amended (the "Securities Act"), the Shares, issuable upon conversion of the Convertible Notes, SJC will purchase a Convertible Note in the principal face amount of Two Hundred Twenty Thousand Dollars ($220,000), for a purchase price of Two Hundred Thousand Dollars ($200,000).

Following the SEC's declaration of effectiveness of the Registration Statement, subject to certain conditions being satisfied, SJC will purchase additional Convertible Notes having an aggregate principal face amount of Nine Hundred Ninety Thousand Dollars ($990,000) for a total purchase price of Nine Hundred Thousand Dollars ($900,000), to be funded in monthly increments consistent with the tranche schedule set forth in the SPA.

From the Execution Date and continuing until the date that is one (1) year therefrom, SJC shall have a right of first refusal with respect to any investment proposed to be made by any individual or entity for each and every future public or private equity offering, including a debt instrument convertible into equity of the Issuer during such period.

Description of Convertible Notes

The first Convertible Note, which was issued to SJC on the Execution Date, has a principal face amount of $440,000 and was issued with an original issue discount of ten percent (10%). The remaining Convertible Notes will be issued as described above under "Description of the SPA." The Convertible Notes accrue interest at the rate of 12% per annum, unless an event of default (as defined in the Convertible Notes) occurs, at which time the Convertible Notes in excess of $300,000 will accrue interest at 20% per annum. The Convertible Notes will mature on the first anniversary of their respective issuance dates. The Convertible Notes are convertible into Shares (the "Conversion Shares") on the terms and conditions set forth in the Convertible Notes, at a conversion price (the "Conversion Price") equal to the greater of (i) $0.035 per share (the "Floor Price"), which Floor Price shall not be adjusted for stock dividends, stock splits, stock combinations, or other similar transactions, and (ii) an amount representing a 20% discount to the Issuer's lowest VWAP (as defined in the Convertible Notes) on any Trading Day (as defined in the Convertible Notes) during the ten (10) Trading Days immediately prior to the date of conversion.

The Convertible Notes contain standard and customary events of default including, but not limited to, failure to pay amounts due under the Convertible Notes when required, failure to deliver Conversion Shares when required, default in covenants and bankruptcy events.

The foregoing descriptions of the SPA, the Convertible Notes, the Security Agreement, the Pledge Agreement, and the IP Security Agreement, do not purport to be complete and are qualified in their entirety by reference to their respective forms which are annexed hereto as Exhibits 99.1, 99.2, 99.3, 99.4 and 99.5, respectively, to this Amendment No. 2 and are incorporated herein by reference. The foregoing does not purport to be a complete description of the rights and obligations of the parties thereunder and such descriptions are qualified in their entirety by reference to such exhibits.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** SJC Lending, LLC

**Signature:** /s/ Steven J. Caspi

**Name/Title:** Steven J. Caspi, Manager

**Date:** 10/30/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CASPI STEVEN

**Signature:** /s/ Steven J. Caspi

**Name/Title:** Steven J. Caspi

**Date:** 10/30/2025