TOGI Schedule 13D/A: 13.5M Shares (7.3%) Acquired for $484,055
Rhea-AI Filing Summary
This Amendment No. 1 to a Schedule 13D reports that SJC Lending, LLC and its manager Steven Caspi beneficially own 13,501,431 shares of TurnOnGreen, Inc. common stock, representing approximately 7.3% of the 183,983,122 shares outstanding used for the calculation. The filing states these shares were acquired in open market purchases using working capital and cost an aggregate $484,055 including commissions. The reporting persons disclose shared voting and dispositive power over the shares and incorporate a transaction schedule as an exhibit.
Positive
- Material stake disclosed: Beneficial ownership of 13,501,431 shares, about 7.3%, is now public.
- Clear funding disclosure: Purchases were made in open market using working capital totaling $484,055 including commissions.
Negative
- None.
Insights
7.3% stake acquired in open market; disclosed cost $484,055.
The filing shows a non‑controlling but material 7.3% position held jointly by SJC Lending, LLC and Steven Caspi, with shared voting and dispositive power over 13,501,431 shares. The acquisition method is stated as open market purchases funded with working capital, and a detailed transaction exhibit is referenced.
Key dependencies include any future purchases or dispositions disclosed in subsequent filings and the issuer's outstanding share count. Watch for additional amendments or Schedule 13D filings that change the percentage or disclose coordination with others within weeks to months.